Effect of COVID-19 on the Finances and Supply Chain in the Health Sector: A Case of Pakistan

Abstract

Aim of the Study: This study is an endeavour to explore the Covid-19’s effect on the financing process of the supply chain in the health sector to provide a foundational understanding of the disruption faced by the pharmaceutical industry. This exploratory research investigated what and how Covid-19 inefficiency in the health sector and determined the factors that influenced the supply of medicines and other medical equipment in Pakistan and also affected the prices of medicines in the market.

Methodology: The primary and secondary data were utilised. In the case of primary data, the survey was conducted through a semi-structured questionnaire distributed among pharmacists, finance managers, supply chain managers and doctors. The sampling technique was nonprobability purposive sampling. In the case of secondary data, it was amalgamated from literary sources (Edmondson & McManus, 2007).

Findings: As per the respondents, the COVID-19 pandemic has affected personal life initially because some of their near and dear fell sick, got isolated, disrupted their daily routine life, and could not spend time with family and friends, keeping in mind the Corona restrictions. Everyone carried out their daily activities with the utmost sense of safety precautions required to stay safe. This interaction is by observing the required safety measures.

Conclusion: The practical implication of the study is that it delineates the factors and how they can be controlled so that the condition can be improved if the inhabitants had to face the situation again because coronavirus keeps coming back in the form of different variants and every country around the global needs to keep themselves prepared.