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"There is an urgent need to examine strategies, technologies, and regulations to help mitigate...
this issue."
That's the conclusion of a new report published by MIT Technology Review, which calls attention to drug shortages that have plagued the pharmaceutical industry in recent years.
"Simply understanding the causes and consequences is not the goal," the report states.
"The pharmaceutical industry should strive for innovation that revolutionizes drug manufacturing and ensures a stable supply of essential medications for patients worldwide."
Some of the possible solutions being bandied about, per MIT Technology Review: "digital twins": A "virtual representation of a real-world entity or process" that provides real-time insights into manufacturing processes by continuously collecting and analyzing data from sensors and other sources.
AI in supply chain management: "AI is able to analyze historical sales patterns, real-time data, market trends, and external events to forecast demands more precisely and adapt to dynamic changes in the market."
VR and AR in manufacturing: "While not a direct solution, virtual and augmented reality (VR/AR) addresses drug shortages by contributing to improved efficiency, enhanced training, and streamlined processes."
Click for the full report.
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
'Safety, compassion, innovation': Beaufort Memorial honors top staff at Bemmy Awards.The Quality Services department took home the award for Department of the Year at BeaufortMemorial Hospital's...more
This ranking recognizes the leading children's hospitals in the U.S., featuring the top 50 hospitals.Cleveland Clinic Children's placed in all eight pediatric subspecialities: Cardiology and Cardiac...more
Mackinac Policy Conference left early childhood education off this year's agenda.By 2027, make Detroit a city that puts young children and families first, says James Ribbron, executive director of...more
Investing in tech to help children and communities thrive | Takeda Stories.How our Global CSR Program helped empower diverse entrepreneurs to innovate health solutions.29 Digital public goods...more
Greg Bourke is the author of "Gay, Catholic, and American: My Legal Battle for Marriage Equality and Inclusion" Bourke spoke at the Yale School of Management's Social Impact Lab.Bourke's final advice...more
Tesla plans to deploy a small fleet of robotaxis in Austin in the coming weeks.Tesla FSD 13.2.9 will still run a kid down while illegally blowing past a stopped school bus with red lights flashing...more
Awarded funding will support a wide range of activities between now and September 30, 2025.The FCCN initiative, supported by $85,000 in grant funding, will help build and sustain a Family Child Care...more
The Delivering Innovative Vocational Education through Virtual Reality Technology new workforce training program aimed at preparing individuals with disabilities for the program.DIVE-VRT delivers...more
Children are growing up surrounded by screens, apps, and smart devices.Being intentional about tech use goes a long way toward deepening interest in tech and creating meaningful experiences.Creating...more
Safeguarding innovation and trade secrets in American AI leadership Safeguarded innovation andtrade secrets in U.S.AI leadership.Testimony was given before the House Judiciary Subcommittee on Courts,...more
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