The Anatomy of the Current Antibiotics Shortage

Peter Klimek, Elma Dervic, Klaus Friesenbichler, Markus Gerschberger and Liuhuaying Yang
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Peter Klimek: Supply Chain Intelligence Institute Austria
Elma Dervic: Supply Chain Intelligence Institute Austria
Markus Gerschberger: Supply Chain Intelligence Institute Austria
Liuhuaying Yang: Supply Chain Intelligence Institute Austria

No 1, ASCII Working Papers from Supply Chain Intelligence Institute Austria

Abstract: The world is currently facing an antibiotics shortage due to two main factors: the concentration of production in China and India, and the industry being caught off-guard by the rapid increase in demand following the Covid-19 pandemic. This study provides a detailed analysis of the situation and offers three policy recommendations. First, health policies should invest in improving demand tracking, planning, and forecasting infrastructure, particularly for drugs with no available substitutes. Second, health systems must ensure a sufficient provision of drugs at low prices. While the international division of labour has provided price efficiency, it has also exposed supply security risks. Finally, the market structure should internalize these supply security risks to avoid the need for ad-hoc policy interventions in the future.

Keywords: Antibiotics Shortage; Global Supply Chain; Healthcare Policy; Drug Supply Security; Covid-19; China; India (search for similar items in EconPapers)
Date: 2023-03-27
New Economics Papers: this item is included in nep-cna and nep-ipr
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