The ability to advance is how the world can rescue itself in crises like the COVID-19 pandemic.
FREMONT, CA: The potential to innovate is how the world can rescue and remake itself in pandemic times. Now hospitals worldwide are concerned about treating a mass influx of COVID-19 patients, all requiring care at the same time. Innovation has assumed the meaning of a technical enhancement. But in today’s humanitarian crisis, the meaning of innovation gets closer to its original. Crises need a rapid response. In the COVID-19 scenario, innovation can mean ignoring traditional regulations even if a system discourages this. Here is what does it take to allow innovation during COVID-19.
Emergencies can prompt large, established firms to innovate. Automobile manufacturers are partnering with ventilator manufacturers to widen the production of these vital devices. Using innovative design techniques and 3D printing, companies innovated to design ventilator with commonly available materials. In some instances, firms modify their existing facilities to create ventilators, but this could take months; others offer engineering guidance to help ventilator manufacturing plants accelerate production. Still, others are pursuing both methods.
The COVID-19 crisis forces firms to be creative, spurring them to modify existing products to increase their efficiency in a time of extreme demand. Firms are working to develop and quickly prototype a ventilator that can serve many patients simultaneously, instead of just one. Hospitals are simultaneously implementing this innovative solution. Emerging markets have shown that they can also be at the forefront of innovation by quickly designing and producing ventilators in record time. This crisis proves to be a significant social challenge, even in nations with high-performing health systems and vast resources. When the COVID-19 crisis hits developing countries, populations may face many hurdles, like supply chain disruption and a lack of domestic production facilities.
Adopting smart regulatory approaches that empower startups and decentralized networks to craft innovative solutions will be valuable for the world's crisis and a vital asset to tackle still-unknown crises in future years. This will need addressing the upstream bottlenecks to innovation and private industry development, and the world will need to use all of the tools and programs to channel innovation where it is required the most.