Decoded: The A to Z of healthcare logistics
Of all the industries in the global economy, healthcare is truly unique as it is directly responsible for the lives of billions across the world. Population growth, coupled with advancements in medical technology and improved access to healthcare, has meant the continual flourishing of the industry.
According to Deloitte, healthcare spending globally is expected to rise and will continue to be a vital pillar of economic growth and development.
As with many industries, the effective functioning of the healthcare industry is underpinned by the efficiency of its underlying supply chain. However, the coronavirus pandemic has forced the industry to reconsider the principles and priorities their supply chains run on.
Understanding the myriad factors behind this disruption requires knowledge of how the supply chain works. An uphill task, given that its complexity is arguably analogous to the complexity of administering healthcare itself!