Macquarie University/The Lighthouse
Uncertainty and delays over the COVID-19 vaccine rollout can be attributed to a failure to apply basic economic principles around portfolio diversification and understanding supply chain management, writes Macquarie Business School’s Dr Prashan Karunaratne.
In finance and in life, people are often reminded to diversify their portfolio to reduce risk through the adage, “don’t put all your eggs in one basket”.
Rolled out: Staff prepare COVID-19 vaccines at the Olympic Park Vaccination Centre in Sydney.
During the early stages of the COVID-19 vaccine rollout, policymakers should have taken heed of this advice, as it proved almost impossible for them and the general public to differentiate between the few options on the market.