ADB study maps supply chains for key products in COVID-19 response

The Asian Development Bank (ADB) has released a landmark study which maps supply chains for critical products in the global response to the novel coronavirus disease (COVID-19) pandemic, clearing the way for the identification and removal of blockages in their production and distribution.
May 29, 2020 | 14:23
adb study maps supply chains for key products in covid 19 response Vietnam News Today: Situation in East Sea still the hot issue
adb study maps supply chains for key products in covid 19 response Japanese Ambassador praises Vietnam for its COVID-19 response
adb study maps supply chains for key products in covid 19 response WHO boss thanks Vietnam for USD50,000 contribution to COVID-19 response fund
adb study maps supply chains for key products in covid 19 response
Illustration photo: ADB

The interactive maps will enable banks, investors, governments, and healthcare professionals to pinpoint key companies in the supply of portable ventilators, N95 respirators, face shields, goggles, aprons, surgical masks, and gowns. The maps consider the elements of each product down to its component metals and fabrics.

“To fix any supply chain problems, we need an in-depth description of what goes into these products and which companies are involved,” said ADB’s Head of Trade and Supply Chain Finance Steven Beck. “Mapping these supply chains means that if help is needed, banks, investors, and governments can use the data to quickly relieve bottlenecks and ramp up supplies.”

The mapping project feeds data that already exists from many sources into an algorithm that sorts the information by applying various industry and product codes. Until now, that data has existed in multiple forms on a variety of separate databases, but never brought together in a user-friendly format. A future phase of this initiative will look at blockages at ports, tariff requirements, and other impediments to the efficient functioning of supply chains for these critical goods, reported Communist Party of Vietnam Online News.

ADB announced on 13 April a tripling in the size of its response to the pandemic to $20 billion. The package expands on the $6.5 billion initial response announced on 18 March, adding $13.5 billion in resources to help ADB’s developing member countries counter the severe macroeconomic and health impacts caused by COVID-19. Visit ADB’s website to learn more about our ongoing response.

adb study maps supply chains for key products in covid 19 response

ADB President Masatsugu Asakawa Announces COVID-19 Response Package Is to Triple to $20 Billion

(Photo: ADB)

ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 68 members—49 from the region, said the ADB.

“This pandemic threatens to severely set back economic, social, and development gains in Asia and the Pacific, reverse progress on poverty reduction, and throw economies into recession,” said ADB President Masatsugu Asakawa.

The package expands ADB’s $6.5 billion initial response announced on 18 March, adding $13.5 billion in resources to help ADB’s developing member countries counter the severe macroeconomic and health impacts caused by COVID-19. The $20 billion package includes about $2.5 billion in concessional and grant resources
adb study maps supply chains for key products in covid 19 response Vietnam donates USD50,000 to WHO’s COVID-19 response fund

Vietnam donates USD50,000 to the World Health Organization’s COVID-19 response fund, with a desire to join hands with the world to fight against the pandemic. ...

adb study maps supply chains for key products in covid 19 response Southeast Asia's Successful (and Unsuccessful) COVID-19 Responses under professor's views

An analysis writing by Zachary Abuza, a professor at the National War College in Washington, D.C on thediplomat said his views that No government should ...

adb study maps supply chains for key products in covid 19 response PM: Vietnam to continue supporting virus-stricken countries

Prime Minister Nguyen Xuan Phuc chaired the online Special ASEAN+3 Summit with China, Japan and the Republic of Korea (RoK) on April 14 on the ...

Dieu Huong
Phiên bản di động