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Thursday, February 12, 2009

Economic downturn and collapsing trade equals drug shortages; What’s next?

This article highlights the threat that globalization and inherent interdependency of today’s market can have on the supply of essentials.

Like my previous rants about food security here we see yet another example of the risks associated with being too dependant on our trading partners for the basics of life. We should never be in the situation where we risk losing our supplies of medicine simply because of a lower Asian price point, or because of a decision made thousands of miles away which we cannot alter or influence.

Our system is precarious in its complexity at the best times but in today's unstable environment anything from a trade war, failed financing, bankruptcy or just a bad business decision could sabotage our health system.

Some things need to be produced nationally regardless of the difference in price. Some things need to be stockpiled regardless of the cost advantages of a just in time delivery system.

We need to establish a safe, secure and reliable domestic drug supply, it is a matter of life or death!Recommend this Post

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