Study finds drug supply chain disruptions led to more shortages in the US than in Canada from 2017 to 2021

A recent study published in JAMA indicates that drug supply chain disruptions led to more significant shortages in the United States compared to Canada from 2017 to 2021. Researchers from the University of Toronto utilized the IQVIA Multinational Integrated Data Analysis database to identify and analyze drug supply chain problems and related shortages in both countries less than 6 months apart during the specified period.

The findings reveal a stark contrast between the two nations, with reports of drug-related supply chain issues in the US being 40% more likely to result in meaningful drug shortages compared to Canada. The disparity underscores the critical importance of addressing supply chain vulnerabilities and enhancing the resilience of drug supply chains, not just domestically but also through international cooperation between countries.

The research emphasizes the need for ongoing policy development to mitigate the effects of drug shortages and strengthen the overall supply chain infrastructure for pharmaceuticals. By studying the patterns and outcomes of supply chain disruptions, stakeholders can gain valuable insights to support strategic decision-making and bolster emergency preparedness measures within the healthcare system.

These findings align with the growing recognition globally of the significance of sustainable and resilient supply chains across various industries. Supply chain sustainability software has emerged as a key tool for organizations seeking to enhance ESG reporting, risk management, and supplier engagement to drive better performance and compliance in sustainability practices.

The trajectory of the supply chain sustainability software market reflects increasing pressure from regulators and stakeholders regarding environmental, social, and governance (ESG) standards. Prominent trends in this space point to political and regulatory events as major drivers necessitating the adoption of such software solutions to meet evolving demands and ensure supply chain resilience in the face of diverse challenges.

Amidst these developments, companies like Celsius and Rivian are grappling with their respective supply chain woes. For businesses operating in sectors like retail, electric vehicles, and aviation, overcoming supply chain disruptions is imperative for maintaining operational efficiency, growth, and profitability. Efforts to optimize production processes, expand distribution networks, and adapt to changing market conditions play a pivotal role in mitigating risks associated with supply chain vulnerabilities.