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· Posted on
February 21, 2024

Healthcare sector on high alert amid Russia-Ukraine war

Welp, there it is... The Russia-Ukraine war has hit just about every industry now.

What's the key learning?

  • Because of Russia’s invasion of Ukraine, the two major suppliers of neon gas have stopped their operations
  • ASX-listed company Resmed has had to convince investors that there won't be a supply squeeze
  • For many manufacturers, particularly in the healthcare space, who rely on Ukraine, Russia and China, it has forced a re-think of where they produce their products.

Background: Over the last few years, Ukraine has actually become a key part of the chip-making process for medical devices.

What happened: Ukraine manages half the world’s supply of neon gas. This is used in semiconductor chips. And those semiconductor chips are essential for MRI machines and ventilator machines.

What else: Now, because of Russia’s invasion of Ukraine, the two major suppliers of neon gas have stopped their operations... and ASX-listed company Resmed has had to convince investors that there won't be a supply squeeze.

🔔 What's the key learning?

💡Over the last 2 years, global manufacturing has been hit with the ol' triple whammy.

  • Whammy 1: souring relations between the Western world and China
  • Whammy 2: a global pandemic, which shut borders
  • Whammy 3: Russia’s invasion of Ukraine

💡 And with these 3 whammies, the ideals of a globalised economy have come into question.

💡 For many manufacturers, particularly in the healthcare space, who rely on Ukraine, Russia and China, it has forced a re-think of where they produce their products.

‍

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