Scientists estimate the world needs 12 to 15 billion coronavirus vaccine doses to get a good level of immunity among the global population – double the world’s current vaccine manufacturing capacity.
According to supply chain management experts, the key to a successful vaccine roll-out is for countries to work together.
Supply chains, especially new ones, often have a rocky start, but experts say that with time and experience, established global COVID-19 vaccine supply chains will have the capacity to successfully supply the world.
Scientists and economists say it is clear that countries recognize the need to work alongside each other.
A new study commissioned by the International Chamber of Commerce Research Foundation has found that the global economy stands to lose as much as 9.2 trillion dollars if governments fail to ensure developing economies access to COVID-19 vaccines, half of which would fall on advanced economies.