Using Contract Cosmetic & Pharmaceutical Manufacturing to benefit your business
Cosmetic pharmaceutical manufacturing is a complex and highly regulated industry. Success typically requires significant investment in resources, technology and, of course, expertise. If one (or more) of these elements are in short supply, outsourcing can be a highly effective solution.
From large businesses looking to expand their existing production lines to small start-up companies wanting to trial new products, partnering with a reputable contract cosmetic pharmaceutical manufacturer can bring a wide range of benefits instead of doing it in-house. We explore why:
Access to Expertise
Cosmetic pharmaceutical manufacturing requires highly specialised expertise and knowledge in areas such as formulation development, production, quality control, as well as robust regulatory compliance. Outsourcing to a contract manufacturer gives you access to a team of experts with a wealth of experience at each of these critical stages. This can help you save time, reduce costs and minimise risks associated with navigating complex regulatory requirements and quality control standards.
Outsourcing to a contract manufacturer allows your company to scale up or down production according to market demands. This can be particularly beneficial if you are just starting or have seasonal demand for your products, such as sunscreen for example. Contract manufacturers have the resources and infrastructure to handle both small and large-scale production, allowing your company to focus on its core business activities.
Cosmetic pharmaceutical manufacturing requires significant capital investment in equipment, facilities and personnel. Outsourcing to a contract manufacturer can help you reduce these costs, as the manufacturer will have already made these investments. Earlier in 2023, Nowchem Pharma & Skincare made a multi-million-dollar investment in upgrading its manufacturing infrastructure to ensure larger capabilities and faster production times through the installation of a new TGA plant room. Contract manufacturers also benefit from economies of scale, often allowing them to produce your products at considerably lower cost than in-house manufacturing.
Faster Time to Market
Outsourcing to a contract manufacturer can help you get your products to market faster. Contract manufacturers are geared for efficiencies, and have the expertise, resources and infrastructure to move products quickly through the development and manufacturing processes. This helps you meet tight timelines and reach your customers with a maximum of speed – and minimum of compromise. It’s all about delivering quality products, quickly.
Focus on Core Business Activities
As already mentioned, outsourcing to a contract manufacturer allows your company to focus on what it does best. Under the combined pressure of compressed timelines and stretched internal resources, it frees up your team to devote more energy towards core business activities such as product development, marketing and sales. This can help you save time, money and, ultimately, improve overall business performance.
Put outsourcing to work for your business
If you’re looking to enter a new market or expand your product lines, outsourcing to a contract cosmetic pharmaceutical manufacturer like Nowchem Pharma & Skincare offers a wide range of benefits. We can provide access to specialist expertise, scalability, reduced costs, faster time to market and the ability to have greater focus on your core business activities. Together, we can create high-quality and innovative cosmetic pharmaceutical products that meet the highest industry standards and exceed your customers’ expectations.
Outsourcing to a contract manufacturer is a smart strategic business decision that can help you stay competitive and achieve your business goals today, and for years to come.
Contact us today to learn more about how our contract manufacturing solutions can work for you.