How is Federal Equipment Company Innovating through the Pandemic and Beyond to Define the Future of Healthcare?



Federal Equipment, one of That's Nice's Road to 2021 sponsors, discusses how the company is innovating to face the challenges of the COVID-19 pandemic and beyond to face the future of healthcare.

During a recent conference call, where every participant was in their own home and not in an office, one of our best clients said, “Let’s not waste a good crisis.” We were discussing the development of a training program for solid-dose manufacturing operations at one of the client’s facilities. To be sure, we were not discussing anything at all related to the novel coronavirus and COVID-19. That thought hung there longer than it would under “normal” circumstances. But now, our daily lives supply a different, continuous background noise to our work and every conference call, web-meeting, and conversation. We constantly ask the questions: Is this how we will continue to work? When will this end? At that moment, in this conference call, we all had the chance to briefly consider a different view. Could this crisis be an opportunity to innovate?

Thinking about the opportunity to innovate in the middle of a global pandemic feels odd and uncomfortable right now. This virus and disease has taken lives, stressed healthcare systems beyond their maximum capacity, displaced countless people from their jobs, and damaged economies. People are stressed, alone, hurt, and angry. But we must continue to consider innovation, not only as it relates to this crisis, but how we can improve so that we can avoid or lessen the severity of any similar crisis.

At Federal Equipment Company, we considered different potential disasters for our business several years ago and how we could continue to operate in a crisis. We developed systems and operations that we could manage 100% remotely, if necessary. To be honest, we were considering something much more tangible at the time, like fires or floods. We were able to quickly and smoothly shift business operations to work remotely. We continue to deliver equipment needed by our customers for ongoing pharmaceutical and chemical supply operations. We support their innovation by suppling equipment needed to manufacture the components of virus test kits, equipment used to package products in huge demand, and equipment used to develop new ways to produce personal protective equipment (PPE).

At Federal Equipment Company, we considered different potential disasters for our business several years ago and how we could continue to operate in a crisis.

Behind the desk of Federal Equipment Company’s Chairman, Michael Kadis, there is a short list of business rules in a picture frame. One of them reads, “A good manager creates opportunity from adversity.” This mindset — creating innovation and opportunity out of adversity, is part of who we are at Federal Equipment Company.

Nice Insight

Nice Insight, established in 2010, is the research division of That’s Nice, A Science Agency, providing data and analysis from proprietary annual surveys, custom primary qualitative and quantitative research as well as extensive secondary research. Current annual surveys include The Nice Insight Contract Development & Manufacturing (CDMO/CMO), Survey The Nice Insight Contract Research - Preclinical and Clinical (CRO) Survey, The Nice Insight Pharmaceutical Equipment Survey, and The Nice Insight Pharmaceutical Excipients Survey.

Federal Equipment

Federal Equipment Company is a reliable resource for pharmaceutical processing and packaging equipment, with over 60 years of expertise buying and selling used equipment. They take away the headaches when you need to sell equipment, offering deep knowledge of equipment values and accurate appraisals. We optimize the value you recoup, and expertly remove equipment, protecting your facility. When you need equipment, we have a broad, on-hand inventory of reliable equipment from leading OEMs. Our experienced staff ensures you buy exactly what you need and with a fast turnaround— we also offer expert training & troubleshooting.