In the May 19 blog, we discussed some of the unprecedented changes that are occurring in our culture and economics as a result of the recent coronavirus episode. Then, we invited our readers to respond and share ideas and opinions, based on what they perceive would be possible opportunities that may avail themselves to us because of these dramatic changes.
Here’s our first winner: Craig Johnston -- he not only expressed concern, but also the high probability for opportunities regarding the Blockchain in the Pharmaceutical Supply Chain. “Because many pharmaceuticals are made in China and India for US consumption, the worldwide supply chain needs to become more secure.”
Some background – some experts have estimated the sale of counterfeit drugs to be twice the rate of legal pharmaceutical trade. The pharma block chain could enhance security, and integrity, as well as, component tracking, manufacturing identity, and product movement from producers, to logistic service providers, to distributors, to hospitals and pharmacies, and to the patient.
When I read through Craig Johnston’s reply, I was reminded of an incident that took place when I was traveling in Africa in 1997 or 1998. I was working with the director of a large hospital. We were finishing up with the performing of the Project C.U.R.E. “Needs Assessment” study to determine how we could best serve their medical needs.
The director told me that he had been traveling outside of his own country and had met a fine fellow from New Delhi, India. The fellow was a pharmaceutical representative and had some wonderful prices on Tylenol – Extra Strength Acetaminophen pain reliever and fever reducer. They were 500 mg each and packaged in convenient containers of 200 caplets each.
“They were exactly what I needed for the hospital – and at such a great price! So, I really stocked up, and was so proud of myself with the bargain.”
My new doctor friend continued, “As I entered back into my own country here in Africa the customs people noticed all my supply of Tylenol. To make certain that I was not transporting and dealing in illegal narcotics, they pulled me aside and made me wait while they tested the ingredients of my bottles. When they returned, they smiled and assured me that I did not have any illegal narcotics, and that I was free to go.”
“However,” the customs officials said to me as I was leaving, ‘You don’t have any illegal narcotics, but you need to know that all those caplets you have are filled with nothing but talcum powder!’”
Let’s hope this Blockchain Pharmaceutical supply chain problem gets solved as a positive result of the coronavirus episode!
Thanks, Craig for your participation. Your autographed “Better Off” book will be in the mail shortly.