Coronavirus outbreak highlighted vulnerabilities in medical manufacturing supply chain: Fitch Solutions
FirstpostNew Delhi: With pharmaceutical supply chains under immense pressure due to COVID-19, China’s role as a global ingredient producer has come under scrutiny, Fitch Solutions has said. As per the report, as trade war has heightened discussion over the national security implications of manufacturing new technologies abroad, COVID-19 has highlighted vulnerabilities in the medical manufacturing supply chain, most notably in the US. As well, growing political will amongst major developed economies could encourage governments to offer incentives for companies to re-shore some medical equipment manufacturing. “Outside India, in the US as of August 2019, only 28 percent of the manufacturing facilities making APIs to supply the US market were in the country.