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Vaccine supply chain management: An intelligent system utilizing blockchain, IoT and machine learning

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  • Hu, Hui
  • Xu, Jiajun
  • Liu, Mengqi
  • Lim, Ming K.

Abstract

Vaccination offers health, economic, and social benefits. However, three major issues—vaccine quality, demand forecasting, and trust among stakeholders—persist in the vaccine supply chain(VSC), leading to inefficiencies.The COVID-19 pandemic has exacerbatedweaknesses in the VSC,while presenting opportunities to apply digital technologies to manageit.For the first time, this study establishes an intelligent VSC management system that provides decision support for VSC management during the COVID-19 pandemic. The system combines blockchain, internet of things (IoT), and machine learning that effectively address the three issues in the VSC. The transparency of blockchain ensures trust among stakeholders. The real-time monitoring of vaccine status by the IoT ensures vaccine quality. Machine learning predicts vaccine demand and conducts sentiment analysis on vaccine reviews to help companies improve vaccine quality. The present study also reveals the implications for the management of supply chains, businesses, and government.

Suggested Citation

  • Hu, Hui & Xu, Jiajun & Liu, Mengqi & Lim, Ming K., 2023. "Vaccine supply chain management: An intelligent system utilizing blockchain, IoT and machine learning," Journal of Business Research, Elsevier, vol. 156(C).
    • Handle: RePEc:eee:jbrese:v:156:y:2023:i:c:s0148296322009456
    DOI: 10.1016/j.jbusres.2022.113480
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