TECH BUYER Apr 2020 - IDC Perspective - Doc # US46180220

Coronavirus Slams Medical Supply Chains — How Can Technology Help?

By: Michael TownsendResearch Manager, Life Sciences Commercial Strategies

Abstract

This IDC Perspective discusses how COVID-19 has slammed medical supply chains in the United States and Europe.

The current global COVID-19 pandemic has laid bare the state of medical supply chains for drugs, testing kits, medical equipment, and even commodity medical supplies like personal protective equipment (PPE). Years of supply chain globalization and a devotion to just-in-time inventory management have contributed to critical supply emergencies in Europe, America, and other regions.

"Black swan events like the COVID-19 pandemic illustrate shortcomings in traditional supply chain management, particularly in the medical field. Technology can help overcome these problems by directing attention to nontraditional sources of data provided through social networks and IoT, with solutions offered up by more sophisticated AI and prescriptive analytics," according to Michael Townsend, research director for IDC Health Insights.


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