Medical providers throughout the United States are experiencing critical shortages of vital supplies and pharmaceuticals. Lack of supply chain visibility has left healthcare organizations unprepared for the impact of world events such as China’s zero-COVID policy on our healthcare supply chain. But now that the policy is easing and China faces yet another fast-spreading outbreak, the supply chain disruption for U.S. healthcare organizations continues.

Healthcare organizations can leverage real-time supplier and location intelligence to find alternate suppliers or order supplies before shortages proactively. Better yet, it’s possible to operationalize this risk intelligence and automate risk mitigation actions based on preprogrammed triggers or thresholds that align with an enterprise’s overall risk mitigation strategy. In this way, organizations can significantly improve risk management efficiency and effectiveness while reducing costs.

Atul Vashistha, Chairman & CEO of Supply Wisdom, provides valuable insights during his interview with Healthcare Business Today.

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