Michael Mina has a much different idea: Cheap mass testing at home, regularly, for the whole family. Even with less sensitive quick tests it should be possible to suppress ~50% of new transmissions this way, which could bring case numbers down to traceable levels in 1-2 months. The key would be cost and availability of these tests - that's a problem that can be solved, as production is simple and is already currently costed at $1 a pop. From a regulatory standpoint it should be treated more like toothpaste and less like a medical good (i.e. certify the efficacy but don't go overboard).
After all else has pretty much failed, all western governments are now just betting on the vaccine. This is a dangerous proposition - all you need is a resistant mutation and we're back at square one. Plus, vaccination at current rate will take 1-2 years - I don't think that's a good place to be in both in health terms and economically. There needs to be a backup plan put in place, as well as lessons learned taken for the next pandemic.