The exit from this pandemic we are all hoping for depends on the rapid availability of sufficient vaccines. However, the initial optimism has turned into frustration, as the production of the vaccines is apparently taking longer than announced and hoped for. In this Business Watcher video, Robert Boute, Professor of Operations & Supply Chain at Vlerick Business School, explains why that delay did not really come as a surprise – and why it was even to be expected.
The combination of a new product with many uncertainties and a production process that is characterised by many interdependent activities is guaranteed to result in delays. The only way to resolve this is to apply the golden rule of production.
Professor Robert Boute explains how it was to be expected and how applying the golden rule of production is the only way to resolve this.