The COVID-19 pandemic has seen a significant increase in public discussion about medical supply chains in general, and Australia’s exposure to shortages of critical medical items because we are at the end of a long and complex global supply network.
The Australian National Strategic Stockpile of medicines and personal protective equipment (referred to as PPE) has also been in the headlines. Unfortunately, the shortages of critical PPE for frontline healthcare workers would suggest that the National Strategic Stockpile is falling well short of the need …
The scrambling by the Government, and indeed a number of not-for-profits, to procure PPE (especially masks) from whoever and wherever they can, should be a lesson for those responsible for the future stocking of the stockpile.
What could Australia do differently to be ready when, not if, the next pandemic strikes? And it is very unlikely we will be waiting 50 or 100 years for it to occur. As the financial advisors say - past performance is not a guarantee of future results ...