• Advertise
  • Contact Us
  • About Us
  • Supplier Directory
  • SCB YouTube
  • Login
  • Subscribe
  • Logout
  • My Profile
  • LOGISTICS
    • Air Cargo
    • All Logistics
    • Express/Small Shipments
    • Facility Location Planning
    • Freight Forwarding/Customs Brokerage
    • Global Gateways
    • Global Logistics
    • Last Mile Delivery
    • Logistics Outsourcing
    • LTL/Truckload Services
    • Ocean Transportation
    • Rail & Intermodal
    • Reverse Logistics
    • Service Parts Management
    • Transportation & Distribution
  • TECHNOLOGY
    • All Technology
    • Artificial Intelligence
    • Cloud & On-Demand Systems
    • Data Management (Big Data/IoT/Blockchain)
    • ERP & Enterprise Systems
    • Forecasting & Demand Planning
    • Global Trade Management
    • Inventory Planning/ Optimization
    • Product Lifecycle Management
    • Sales & Operations Planning
    • SC Finance & Revenue Management
    • SC Planning & Optimization
    • Sourcing/Procurement/SRM
    • Supply Chain Visibility
    • Transportation Management
  • GENERAL SCM
    • Business Strategy Alignment
    • Education & Professional Development
    • Global Supply Chain Management
    • Global Trade & Economics
    • HR & Labor Management
    • Quality & Metrics
    • Regulation & Compliance
    • SC Security & Risk Mgmt
    • Supply Chains in Crisis
    • Sustainability & Corporate Social Responsibility
  • WAREHOUSING
    • All Warehouse Services
    • Conveyors & Sortation
    • Lift Trucks & AGVs
    • Order Fulfillment
    • Packaging
    • RFID, Barcode, Mobility & Voice
    • Robotics
    • Warehouse Management Systems
  • INDUSTRIES
    • Aerospace & Defense
    • Apparel
    • Automotive
    • Chemicals & Energy
    • Consumer Packaged Goods
    • E-Commerce/Omni-Channel
    • Food & Beverage
    • Healthcare
    • High-Tech/Electronics
    • Industrial Manufacturing
    • Pharmaceutical/Biotech
    • Retail
  • THINK TANK
  • WEBINARS
    • On-Demand Webinars
    • Upcoming Webinars
    • Webinar Library
  • PODCASTS
  • VIDEOS
  • WHITEPAPERS
Home » An Introduction to the Biotechnology Industry Organization

An Introduction to the Biotechnology Industry Organization

July 20, 2012
SupplyChainBrain

Formed in 1993, the Biotechnology Industry Organization today includes some 1,100 companies from all facets of the industry, representing all 50 states and 30 nations. They hail from healthcare, agriculture, industry, environmental systems and academia, among others. About 65 percent are laboratory-based companies involved in research and development, says Heebink.

One of the biggest challenges for young biotechnology companies is finding the capital needed to keep going during the research phase. BIO can help by facilitating meetings between members and potential investors and venture capitalists worldwide. Together they can form strategic licensing and marketing deals. On the capital preservation side, the group maintains a number of "bio-business" offerings. Its portfolio of national contracts is available to all members, including 42 state affiliates that handle policy advocacy and business-development issues on a state or regional level. Last year, Heebink says, members spent around $250m on contracts, which dealt with such key processes as procurement, risk management, investor relations and insurance.

BIO partners with leading suppliers and service providers, leveraging the collective purchasing power of its members and affiliates. In all, the program covers some 7,000 companies in the laboratory-supply sector, offering individual buyers prices "that they could never afford on their own," Heebink says.

To view video in its entirely, click here


Keywords: supply chain, supply chain management, global logistics, supply chain planning, supply chain services, sourcing solutions, supply chain risk management, biotechnology supply chain, Biotechnology Industry Organization

RELATED CONTENT

RELATED VIDEOS

Supply Chain Finance & Revenue Management Supply Chain Planning & Optimization Business Strategy Alignment Global Supply Chain Management Pharmaceutical/Biotech
KEYWORDS Biotechnology Industry Organization biotechnology supply chain Business Strategy Alignment Global Logistics Global Supply Chain Management Pharmaceutical/Biotech SC Finance & Revenue Management SC Planning & Optimization Sourcing Solutions supply chain Supply Chain Analysis & Consulting Supply Chain Management Supply Chain Planning Supply Chain Risk Management supply chain services
  • Related Articles

    An Introduction to the Biotechnology Industry Organization

    An Introduction to Industry 4.0

    An Introduction to the Supply Chain Council

SupplyChainBrain

Boeing Plans To Cut 2,000 Office Jobs This Year

More from this author

Subscribe to our Daily Newsletter!

Timely, incisive articles delivered directly to your inbox.

Popular Stories

  • A HAND TURNS A LARGE, LIGHTED DIAL WITH THE WORD RISK ON IT iStock-NicoElNino-1364371014.jpg

    Measuring KPIs and KRIs for Comprehensive Supplier Performance Management

    Technology
  • A COMPLEX SERIES OF ROADWAYS AND RAMPS, SEEN FROM HIGH ABOVE, IS PARTLY SHROUDED BY CLOUD

    Supply Chain Visibility Isn’t Just a Catchphrase; It’s an Imperative

    Logistics
  • A WOMAN IN HER LIVING ROOM GESTURES IN DISMAY ON THE PHONE OVER AN OPEN SHIPPING BOX

    Retailers – Quit Bellyaching and Differentiate Yourself on Returns

    Reverse Logistics
  • AN INDUSTRIAL CLAW GRABS SCRAP STEEL FROM A GIANT OUTDOOR PILE OF JUNKpg

    How Manufacturing Companies are Using Recycled Materials In Their Processes and What They're Using

    Sustainability & Corporate Social Responsibility
  • A Mid Adult Male Truck Driver Doing Exercises Before Road Trip by the side of a truck

    Podcast | Yoga for Truck Drivers? It’s a Mother Trucker!

    LTL/Truckload Services

Digital Edition

Scb q1 2023 cover

2023 Supply Chain Management Resource Guide: Packing for a Difficult Year

VIEW THE LATEST ISSUE

Case Studies

  • New Revenue for Cloud-Based TMS that Embeds Orderful’s Modern EDI Platform

  • Convenience Store Client Maximizes Profit and Improves Customer Service

  • A Digitally Native Footwear Brand Finds Rapid Fulfillment

  • Expanding Apparel Brand Scales Seamlessly with E-Commerce Technology

  • How a Global LSP Scaled its Security Program and Won More Business

Visit Our Sponsors

Orderful Yang Ming Alithya
Barcoding Blue Yonder BNSF Logistics
CoEnterprise Data Capture Deposco
E2open GAINSystems Generix
Geodis GEP GreyOrange
Here Honeywell Intelligrated IFM
Infor Inmar Keelvar
Kinaxis Korber Lean Solutions Group 2H
Liberty SBF Locus Robotics Logility
LogistiVIEW Lucas Systems MCA Connect
MPO Nvidia Old Dominion
OpenText ORTEC Overhaul
Parsyl PMMI QIMA
Redwood Logistics Ryder E-commerce by Whiplash Saddle Creek Logistics
Schneider Dedicated Setlog Holding AG Ship4WD
Shipwell Tecsys TGW Systems
Thomson Reuters Tive Trailer Bridge
Vecna Robotics Verity
Verusen
  • More From SCB
    • Featured Content
    • Video Library
    • Think Tank Blog
    • SupplyChainBrain Podcast
    • Whitepapers
    • On-Demand Webinars
    • Upcoming Webinars
  • Digital Offerings
    • Digital Issue
    • Subscribe
    • Manage Your Subscription
    • Newsletters
  • Resources
    • Events Calendar
    • SCB's Great Supply Chain Partners
    • Supplier Directory
    • Case Study Showcase
    • Supply Chain Innovation Awards
    • 100 Great Partners Form
  • SCB Corporate
    • Advertise on SCB.COM
    • About Us
    • Privacy Policy
    • Contact Us
    • Data Sharing Opt-Out

All content copyright ©2023 Keller International Publishing Corp All rights reserved. No reproduction, transmission or display is permitted without the written permissions of Keller International Publishing Corp

Design, CMS, Hosting & Web Development :: ePublishing