Naples, Fla. — Nypro is now far more than a plastics processor, after Jabil Circuit Inc., bought Nypro in 2013, Courtney Ryan said at the Executive Forum.
Ryan, a Jabil veteran, said the company still follows the same underlying principles fostered by longtime president Gordon Lankton.
“The biggest difference up until these two companies joined up in 2013 is that Nypro was considered a plastics company and Jabil was considered an electronic product company,” Ryan said. “But their cultures were similar.”
Nypro now operates as one of three divisions within Jabil, mainly focused on packaging and health care markets. The entire company operates on one enterprise resource planning system.
Driving the merger three years ago was the belief that plastics and other technologies were converging, Ryan said. As part of Jabil, Nypro is involved with research and development, the design of microelectronic systems and information technology systems, configured to order.
Ryan pointed to “significant depth built around the plastics processing technology.”
He talked about trends in packaging and health care. On-the-go packaging is growing, to meet consumer convenience.
“We're also seeing a big trend toward digitization — the implementation in everyday products,” he said.
Ryan said medical products are getting miniaturized, and care will become more mobile. You can wear a smart device on your wrist than can monitor your health — an important feature as health care cost reimbursement moves from a “cost-plus” model to measuring the outcome of care, he said.
Plastics processors need to figure out how to implant sensors into drug delivery devices, to show to how effective they are, Ryan said. He pointed to a survey that said 93 percent of medical companies would like their supply-chain partners to be actively engaged in the effort for digital transformation of their products.