So-Low Environmental Equipment, a maker of ultra-cold freezers, is seeing a surge in demand for its products in anticipation of coronavirus vaccine distribution, leading to an inventory backlog despite its efforts to prepare.
“Right now, we are out of everything,” Dan Hensler, vice president of the Cincinnati-based company, said Wednesday on CNBC’s “Squawk on the Street.”
Only Pfizer and its German partner BioNTech have filed for emergency use authorization with the U.S. Food and Drug Administration for their Covid-19 vaccine. But the potential for approval as soon as December has put the complex logistics of distributing a vaccine into sharp focus, with the U.S. government practicing trial runs of its delivery system in four states. Pfizer, which is handling the distribution of its vaccine, also has a pilot program underway.
In Texas, hospitals are making plans to potentially administer immunizations in less than three weeks. A key cog in the