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Mike Copps Officially Assumes President & CEO Role
New ALDA President & CEO Mike Copps formally stepped into the role on May 5 following the ALDA Spring Board of Directors meeting. Succeeding former President & CEO Mike Duff—currently serving as President Emeritus and still on board through June 30—Copps has worked closely with ALDA leadership and staff to pivot the association’s value proposition and plans for the immediate future. More about those plans and programs is contained in this newsletter and will be shared in the weeks and months ahead.
“I’m honored to be stepping into this role and working to continue the legacy and incredible foundation built by Mike Duff and team over the last 30 years,” Copps said. “ALDA has already proven to be a unique, resilient group with forward-thinking, collaborative members and I couldn’t be more confident and excited about the future of this great association.”
The ALDA Board of Directors approved Mr. Copps’ selection following a nine-month search overseen by a Search Committee that was led by ALDA Chair Brad Gray with the assistance of Heidrick & Struggles, a national executive search firm.
To read a letter from Copps, ALDA Chairman Brad Gray, and ALDA Chair-Elect Patrick Kaltenbach regarding what ALDA has been focused on and where the association is headed in the near future, CLICK HERE.
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Senior Executive Speaker Series Continues
Our next Senior Executive Speaker webinar, entitled “Looking Ahead: Global economic outlook and strategically navigating customers’ expectations” is scheduled for June 17 at 11:00 AM Eastern. Close to 100 member company executives are already registered. There is still time to register!
There is no registration fee or cost for ALDA members to attend this two-hour session. Click here for more information and to register. **Please note: This session will NOT be recorded, so please register and attend live or pass onto other executives in your company that may have an interest in the event.
Building on the success of our May 4 webinar with former FDA Commissioner Scott Gottlieb and McKinsey & Company, ALDA will host a series of webinars focused on our Senior Executive members in the coming months.
The June 17 event will be an executive-level session presented by financial experts and market researchers as we look at the economic impact of the current crisis on a global level, then take a deeper dive into the sentiments and operating projections of our customers.
Jared Woodard, head of the Research Investment Committee and a director of Global Investment Strategy with Bank of America Merrill Lynch, will present trends and projections and field questions from attendees for the first hour, followed by The Linus Group sharing results from their most recent longitudinal survey of over 2,500 life science professionals to explore how the community is reacting to this disruption, the estimated immediate and longer-term effects on scientific research, the perceived length and depth of the disruption, and the overall strategic implications for ALDA members.
Mark Your Calendar: The next Senior Executive webinar will take place July 29; more information to come.
  
Jared Woodard Hamid Ghandan Kristin Apple
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Fall Senior Management Conference Begins September 17
The Fall Senior Management Conference is going virtual; over the course of several weeks, ALDA members will receive the same great content they have come to expect from ALDA events. The topical focus for the conference will be “Artificial Intelligence (AI) and Its Implications and Opportunities for ALDA Members.”
AI in its many forms is becoming a transformative tool for many businesses and organizations. From better chatbots for customer service to data analytics to making predictive recommendations, AI is perceived as an essential means to increase operations performance and productivity, and improve informed strategic decision making.
MIT’s Andrew McAfee‘s will lead-off the conference which will offer valuable insights on AI and its uses, especially in business and the life sciences, future prospects, and why AI has important implications and opportunities for members of ALDA and for their customers and users.
Other speakers will include Jacomo Corbo of QuantumBlack (a McKinsey company), Anne Carpenter, Senior Director, Imaging Platform, Institute Scientist at the Broad Institute, and the Chief Science Officer of Tempus, Kevin White.
Click HERE for the schedule and presentation summaries, and look for more information and the registration details in the coming weeks.
 
 
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Industry Assessment: ALDA’s Market Drops 1.8% in Q1
Life Science Sector up 11%, Asia-Pacific drops 14.9%
ALDA’s latest Industry Market Assessment report, focused on the extremely atypical Q1 2020, reflects that projected total demand in the industry declined 1.8% to dip back under $12B in revenue.
The main narrative at a macro level is tied to the major impact that COVID-19 had on these segments and regions. Regionally, Asia-Pacific demand was most affected in the quarter, declining almost 15% as many laboratories were shuttered in China and India, even while growth in COVID-19 testing and research grew meteorically in China in particular. Japan saw only a minor decline, while North America and Europe achieved positive growth in the quarter. However, it is already evident that the pandemic struck these regions at the end of the first quarter and will have a powerful negative effect in Q2, while China has made remarkable efforts to counteract the spread of the disease and should improve on a sequential basis.
Categorically, growth was negative almost across the board except for the Life Science sectors focused on reagents and sample prep.
Life science reagents grew 25.6% in the quarter while life science sample prep grew 28%. Conversely, life science instrumentation demand declined 17.6%. Gas and liquid chromatography dropped 13.4 and 10.6%, respectively.
The Industry Market Assessment report, prepared quarterly by Strategic Directions International (“SDi”) for members of ALDA, is based on public reports and SDi’s proprietary research. The ALDA market, composed of the 15 technology markets most important to ALDA’s membership, is estimated to be 75-80% of total global industry revenues.
To access the report, log in to the members’ only section of the website or email Carol Starke at cstarke@thealda.org.
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