Becker's Healthcare March 24, 2022
As the Russia-Ukraine war persists, U.S. healthcare systems are already seeing the effects of the conflict through increased prices for oil and natural gas and Ukrainian refugees seeking treatment.
Aside from immediate effects, the conflict has brought a long-term structural problem to light: U.S. dependence on imported medical supplies.
Tinglong Dai, PhD, professor of operations management and business analytics at Baltimore-based Johns Hopkins Carey Business School, told Becker’s that he hopes the conflict will cause the U.S. to rethink the measurement and mitigation of risk.
“This Russian invasion of Ukraine has certainly reinforced the idea that we cannot separate business and geopolitics,” Dr. Dai said. “We cannot rely on China forever for crucial medical supplies.”
While some experts...
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