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Why Temperature Data Loggers are Critical to the Covid-19 Vaccine Rollout

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As we prepare to put the coronavirus pandemic behind us, it’s become clear that widespread and rigorous Covid-19 vaccine programs will play a very indispensable role. Even more important, the recovery from the pandemic must be supported by large-scale use of advanced data and monitoring technologies, which can ensure that the vaccine reaches the right people at the right time, in the right conditions.

And that’s where temperature data loggers will have a critical role to play. These nifty pieces of temperature-monitoring equipment have seen a dramatic leap in technology, features, and capacity in the last few years. So, they are well-equipped to stand up to the challenge of making sure billions of doses of potent Covid-19 jabs end up safely in the hands of people around the world.

Let’s talk about temperature data loggers and why their value to the Covid-19 vaccine rollout is absolute.

The Unique Covid-19 Vaccine Cold Chain Challenges

Much has already been told about the need for certain Covid-19 vaccines to be made, shipped, and stored at ultra-cold temperatures. Perhaps the BioNTech / Pfizer and Moderna variants are the two most talked-about coronavirus vaccines when it comes to the ultra-freezing storage requirement.

You see, carriers and logistics companies are well-equipped and experienced in cold supply chains of traditional vaccines like flu shots that must be stored and transported at a standard temperature range of between 2°C and 8°C. 

However, mRNA-based vaccines like the BioNTech / Pfizer are a different kettle of fish. They must be stored at extremely low temperatures between -80°C and -60°C to maintain optimal potency and efficacy. These ultra-cold conditions will keep fragile ingredients of the mRNA-based vaccines from falling apart for up to 6 months. 

But, once they’re broken out of the dry ice packs, the vaccine must be stored in a freezer at a temperature range of -25°C to -15°C for up to 14 days, according to the U.S. Center for Disease Control and Prevention (CDC).  

Even Johnson & Johnson’s Janssen Covid-19 vaccine, which doesn’t require ultra-freezing storage, can be kept at average cold supply chain temperatures of between 2°C and 8°C for only up to six hours.  

No matter the kind, if vaccine batches are exposed to temperatures outside of their recommended range, the heat introduced into the freezer or storage box will break down the fragile components, rendering the vaccine ineffective and thus unusable. 

While vaccine spoilage and wastage due to inadequate temperature controls and other logistical problems are not new to the industry, the need to address the issue is now more critical than ever. After all, we cannot afford to lose more precious Covid-19 vaccines — as we’ve recently witnessed in countries like France where around 25 percent of the delivered Oxford/AstraZeneca vaccine went to waste, especially now when dire vaccine shortages are being reported around the world.

Closer to home, numbers from 10 states reveal that well over 1 million Covid-19 doses have gone to waste since vaccine rollout kicked off in the U.S. According to the New York Times, the culprits for coronavirus vaccine wastage range from transportation and storage issues to equipment breakage and expiration.

It goes to show that constant monitoring of vaccine temperature and other environmental factors is crucial at every step of the vaccination process. We must keep an eye on every Covid-19 vaccine, every storage facility, every box, every refrigerator, every vaccination station, and every piece of shipping equipment.

And that’s shining the spotlight only on the Covid-19 vaccine cold supply chain. We must also consider the timely supply of all stabilizing agents, syringes, vials, and everything else that’s needed for the end-to-end vaccine rollout process.

Digital Temperature Data Loggers to the Rescue

The need for constant monitoring to ensure the vaccines are kept at ultra-cold temperatures poses a unique challenge to cold chain managers. For one, you can’t simply open the door of the cold box or freezer every time you want to check the temperatures. That would let in heat and end up degrading the fragile components of the vaccine.

That’s why everyone, from doctor’s offices to big-box pharmacies like Walgreens, has switched to automated temperature data loggers. The intelligent temperature sensors are placed inside the transport equipment or freezer to continuously keep track of vaccine temperature in transit and storage.

But temperature data collected by the loggers must be accessed and analyzed to ensure that vaccines are always in the right conditions. In the past, you’d have to use a USB flash dish or plug the data logged physically into a computer to retrieve the data so that personnel can inspect the temperature records for anomalies and cold chain breaches.

Thankfully, device companies like Dickson have come up with next-gen, cloud-based wireless cold chain data loggers. A set of these compact devices sit side by side with vaccines inside freezers or transport containers, continuously transmitting temperature data to cold chain managers, pharma companies, and clients.

According to Dickson, today’s data loggers are versatile and can be configured to not only transmit temperature data wirelessly but can also integrate with software applications for easy analysis, storage, and documentation. Some state-of-the-art digital data loggers can also double up as alarms, capable of sending out customized alerts via text, phone call, or email.

Because of the cloud connection, anyone with permission can access the monitoring data on vaccine temperature at any time, from anywhere, and using any internet-connected device, be it a computer, tablet, or mobile. Thanks to this setup, any damaging event (such as a breach of the cold chain) can be detected and quickly rectified before the vaccine starts to degrade.

Conclusion

Rolling out Covid-19 vaccinations has not been an easy walk in the park. Countries and pharmaceutical companies have to manage cold chain logistics of millions of Covid-19 jabs, all while battling widespread vaccine shortages, hesitancy, and misinformation. Data logger technology can help them ensure the successful delivery of safe and effective coronavirus vaccines by monitoring temperature every step of the way.

New Tekedia Mini-MBA Course: “Lean Principles in Supply Chain Optimization”

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Every edition of Tekedia Mini-MBA is different. We use feedback and questions asked by our learners during live sessions to develop new courses and update existing ones. One of the things we noted in the supply chain and logistics course was the necessity of deepening optimization, agility & lean management within the supply chain framework.

To deal with that, we went to one of the best in that domain: he worked in DHL for close to 4 years and UPS for close to 10 years rising to Global Engineering EUD Manager – Global Logistics.  Because supply chain is commerce, he moved into the financial side, making sure we enjoy cocoa in many ways at Barry Callebaut Group, Belgium.

Chibueze Noshiri will teach a new course in the 6th edition of Tekedia Mini-MBA titled “Lean Principles in Supply Chain Optimization”. Our syllabus has been updated accordingly.

Welcome Mr. Noshiri to Tekedia Institute school.tekedia.com

Nigeria Unveils A National Vehicle Registry (VREG) To Ensure Inter-agency Database on Cars

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Nigeria has unveiled a National Vehicle Registry (VREG). The project is designed to make it easier to track vehicles, reducing car theft in Nigeria while ensuring an inter-agency database on cars in Nigeria. This is a new playbook which among other benefits is designed to generate more revenue for the nation. More so, it could boost the insurance industry vehicle premium revenue. Time to unload on insurance stocks?

Comment by Mrs Zainab Ahmed, the Minister of Finance, Budget and National Planning“Providing the NCS with guidance in all clearing, duties, registration and redistribution of vehicles, targeted at ensuring that all vehicles are trackable, taxable and generate more revenues.

“The integration of the National Insurance Commission (NAICOM) onto VREG for aggregation and regularisation of vehicle insurance across the country.

“Communication between Central Bank of Nigeria’s (CBN) moveable asset registry and VREG to provide dynamic records of vehicular assets, thus boosting lendability to Nigerians.”

Mr Aliyu Ahmed, Permanent Secretary of the Ministry said“VREG portal would improve road user safety, enhance vehicle roadworthiness and improve traffic regulation enforcement.

“It will provide users, insurance firms and third parties with car facts and history of vehicles, thus creating a disincentive by ensuring that stolen, accident-wrecked and other unsafe vehicles are no longer brought into the Nigerian market.”

This is a redesign and formalization of the economy begins: all vehicle owners must be ready to pay annual taxes on their movable assets. And Nigeria can pick billions of naira on tax receipts from this.

Yes indeed, the nation needs that money as it needs funds to pay all the monies it has borrowed from the central bank especially in the last few years: “The Federal Government’s total borrowing from the Central Bank of Nigeria through Ways and Means Advances has ballooned to N15.51tn, rising by 2,286 per cent in six years, data collated from the CBN have shown.”

The N15.51tn owed by the Federal Government to the central bank is not part of the country’s total public debt stock, which stood at N33.11tn as of March 2021, according to the Debt Management Office.

The public debt stock comprises the debts of the Federal Government of Nigeria, the 36 state governments and the Federal Capital Territory.

The Nigeria’s N170 Billion Dividends Problem

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Nigeria has an important job ahead: identity management. And that management is not just to know who is who before a bank account is opened. There is something even more critical: preventing people from using fake names and pseudonyms to buy financial products.

During the “golden years” before the Great Recession, banks were hitting initial public offers which were typically oversubscribed. For some people to capture more units, they engineered their names to get different allocations.

Unfortunately, some of those men and women have died – and magically, no one could trace their families! That is partly why Nigeria has close to N170 billion (about $410 million) unclaimed dividends.

The Securities and Exchange Commission (SEC) revealed that unclaimed dividends in the Nigerian Capital Markets rose to N170 billion as at December 2020.

This was disclosed by Director-General, SEC, Mr Lamido Yuguda, at the second post-Capital Market Committee (CMC) virtual news conference, on Friday. He added that the figure rose from N158.44 billion total unclaimed dividends as of December 2019, citing issues related to poor identity management.

It is a hard thing preventing people from doing crazy things! But I blame our primary and secondary education. Like I wrote the other day, in primary 4, some US primary schools are already introducing property rights to kids. In Nigeria, we do not care.

Do not get me wrong, we score many own-goals in the nation and some of these things have nothing to do with governments! Avoiding those own-goals may be the beginning of a national rebirth, economically.

Nonetheless, the government should not take over the dividends. Rather, this money should be invested since it came through those who have investing spirits. We can distribute the dividends to help support the companies of the future while making sure there is liquidity in case relations and families of the investors show up!

Crypto Exchange, Bitpanda, Raises $263m in Series C, Putting its Value At $4.1bln

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Following the growing numbers of crypto exchanges hitting it large in revenue figures, Bitpanda is in the money news again with a $263 million Series C round, led by Peter Thiel’s Valar Ventures, which puts its value at $4.1 billion.

The round C, which pushed Bitpanda’s value up 3x more, comes about six months after the crypto exchange announced a $170 million Series B. The Austrian startup was valued at $1.2 billion back in March.

The round was signed earlier this month, just four months after the business gained unicorn status, TechCrunch has the report. Other participating investors include Alan Howard and REDO Ventures, with existing investors LeadBlock Partners and Jump Capital also joining the Series C.

There are a number of exchanges and trading platforms targeted at retail investors, of course, including some big U.S.-based players. But Bitpanda has been making its mark by being Europe-focused, with offices and physical tech hubs located in eight cities across the region, including Vienna, Barcelona, Berlin, Krakow, London, Madrid, Milan and Paris.

The platform has a further twist in that it lets its ~3 million users easily invest (commission-free) in precious metals (like gold) or in any established stock they fancy — in addition to encouraging individuals to hop aboard the crypto rollercoaster, which was its first focus. (The minimum investment amount set by the platform is €1.)

Despite diversification beyond crypto, a spokeswoman confirmed to us that crypto trading remains “the preferred choice” for Bitpanda’s current users, noting the Stocks trading product is still in beta. “With Bitpanda Stocks, we introduced a new way of investing in stocks and ETFs; it enables investing 24/7, any time, day or night. This is still in a beta phase, we’re adding constantly new assets. That said, stock trading is slowly picking up and increasing its share in overall trading,” she added.

More recently (in June) Bitpanda expanded into the B2B market — with a white label platform offering that lets other fintechs and banks offer trading to their own clients.

This combination of products and regional focus has helped the platform pile on new users in short order: Bitpanda says it’s “on track” to achieve 6x customer growth year over year, with revenues projected to increase sevenfold in 2021 versus the previous year.

The Series C funding will be used for international expansion and growth, per a press release, as well as going on further beefing up headcount (500+ strong at this stage), as well as on gearing up for further scaling of the business.

Commenting in a statement, Eric Demuth, co-founder and CEO, said:

“We started Bitpanda in 2014 with a clear vision: To bring investing closer to everyone, everywhere. We wouldn’t be here today without the efforts of our talented team members who are constantly “rolling up their sleeves” to make things happen. We’re grateful to share our journey with these incredible people — and that’s why a key area of focus for us is to keep strengthening our team by bringing onboard world-class talent. We’re also grateful for the vote of confidence received from our investors, old and new, in this investment round. We look forward to working together as we shape the future of finance and grow Bitpanda into the No. 1 investment platform in Europe and beyond.”

Bitpanda’s spokeswoman also told TechCrunch that international expansion and growth are “key priorities,” adding: “We’ll keep building the team, opening new offices, and launching new products as we design for scale and optimize for growth. This also means strengthening Bitpanda’s position in existing markets — such as in the DACH region, Spain, France, Italy, and Poland, and also enter new markets, such as the U.K. or the markets in Central and Eastern Europe.”

Andrew McCormack, founding partner of Valar Ventures, said the significant number of users acquired by the startup in short while is sign of larger future growth.

“We believed in Bitpanda’s potential from the beginning and we are impressed by the results that Eric, Paul, Christian and the Bitpanda team have achieved. With more than 1.2 million users acquired in the first half of 2021, impressive net revenue growth and world-class executive hires, Bitpanda stands as the living proof that hypergrowth can be achieved in a sustainable way. We’re excited to further work together to bring the world of investing [to] the fingertips of everyone, anywhere,” he said.