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Currently, 172 economies of the world have lined up potential vaccination prospect initiative in participating with COVAX, a global vaccination program. The initiative will provide these countries with a safe, and equal access to the vaccination drives. However, in order for these vaccines to reach people, an urgent, broad scale logistics operation is essential. The rising prospects of such operation amidst lack of national infrastructure for vaccination drive, and cost-efficiency, and cost-cutting benefits will likely drive major growth for the immunization supply chain, and logistics market.
Research published in the National Library of Medicine states that nearly 33% vaccine storage facilities lie in developed countries, while 37% lie in low-income countries. On the other hand, established cold chain storage is failing in approximately 50% countries. Hence, investment in cold-storage logistics will likely pay major dividends during the on-going covid-19 crisis. As developed countries around the world often lack vaccination banks, or storage areas, the need to freeze, to provide uninterrupted electricity, and equipment will be promise major growth for players in the immunization supply chain, and logistics market.
IN-DEPTH ANALYSIS OF COLD CHAIN, VACCINE SUPPLY AND LOGISTICS MANAGEMENT FOR ROUTINE IMMUNIZATION IN India, and Globally
India, a country that has developed two of its indigenous vaccines faces a tough road ahead, as the drive to vaccinate 135 crore Indians begins soon. According to newspaper reports, India embeds the capacity for over 28,000-unit cold storage network. However, despite the government-owned infrastructure, the lack of private, and government’s capacity to transport vaccines colder than -25 degrees will remain a major challenge for growth in the immunization supply chain and logistics market. India’s challenges echo sentiments from research findings from the UNICEF.
Recently, the UNICEF studied over 65 countries around the world for potential vaccine drives in near future. The organization found that they faced major difficulties in making the life-saving medicine available to millions of people around the world. As programs like initiative from Melinda, and Bill Gates Foundation make vaccine available around the world, the crippled infrastructure in home-countries would make vaccination drives extremely difficult.
On the other hand, supply chain theory suggests that outsourcing of vaccines to 3rd party providers can substantially reduce costs, provide punctual deliveries, lead to higher adherence to temperature schedules, and better vaccine management overall. The huge scope for potential privatisation, increasing favourable view of privatisation globally, and the looming threat of the global pandemic, will likely provide major opportunities for growth for players in the immunization supply chain and logistics market.
Immunization Supply Chain in the US
A key question on everyone’s mind seems to be ‘The status of the COVID Cold Chain and How a Vaccine Will Get to me?’. The question does not have an easy answer, but many opportunities for the optimistic. For example, in the US, more than 78% cold storage facilities have become outdated. These were built 20 years ago, and often lack the infrastructure to support modern vaccination drives. Many of these were built in mind to support large stage pallets, and increase efficiency. However, the necessity of covid-19 vaccine to maintain an unbelievable low-temperature will mean these facilities will find it difficult to house the new vaccines. On the other hand, solutions like mobile warehouses on trucks with modern facilities can prove to be an enterprising solution for players in the immunization supply chain and logistics market.
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