As an industry actively transforming itself in the pursuit of reestablishing long term sustainability, life sciences organizations are just beginning to embrace true digital transformation. The goal is to deploy a more holistic strategy that supports a much broader organizational approach to transformation than the current incremental focus on near term technological innovation, operational efficiency and the externalization of non-core competencies common in industry transformation efforts today.
The process of making biologics requires scientists to take living cells and transform them into desirable, purified products. These processes are usually divided into two categories: upstream processes and downstream processes. The challenge of biologics is that they are inherently “difficult to characterize, produce, and reproduce than most traditional pharmaceuticals.” Moreover, slight changes in the quality of raw materials, temperature or other factors, can significantly affect the medicines’ “quality, safety, or efficacy.” Focusing on standardized upstream processing could improve the ability of companies to maximize their gains.
We’ve previously discussed how Millennials have transformed the CPG, food and beverage markets. From an intense focus on sustainability and eco-friendliness to an interest in a wider range of flavors, this consumer demographic has more than proven the power of their buying dollars. Now, we’re seeing their preferences affect a specific corner of the food market: snack products. Because Millennials tend to live active, on-the-go lifestyles, they don’t necessarily have time to sit down for a big meal. Instead, they often graze by eating smaller portions more frequently throughout the day. The proliferation of conveniently packaged foods on grocery stores reflects this trend. Despite their influence, however, we cannot concentrate solely on Millennials. The Baby Boomer generation remains a significant consumer base, and their overall desire for healthy-for-you products has also reached the snack food category. When combined with the Millennial preference toward foods with natural ingredients, is it any surprise that we’re witnessing a growing demand for organic food and snack products?
The following is a guest post by Thomas Bentz, who is part of the Brand Marketing team at Dassault Systèmes. To download the solution brief for Designed to Cure, click here. The drug development process has become increasingly expensive and focused on improved returns on investment. With average development taking […]
Since their invention, sticky notes have become a staple item in everyone’s office supply closet. Households use them as a means to exchange messages while financial workers use them to flag important items for their clients. Who knew the ability to temporarily affix a small piece of paper onto another […]
The following is a guest post by Thomas Bentz, who is part of the Brand Marketing team at Dassault Systèmes. To download the solution brief for One Lab ISE, click here. In today’s competitive environment, Life Sciences organizations need to optimize lab operations by improving efficiency while maximizing quality and […]
In what has become a familiar refrain, yet another laboratory has been cited by the Occupational Health & Safety Administration (OSHA) for major safety violations. This time around, the citations pertain to several issues including ones related to hazard communication, process safety information, process hazard analysis, contractor safety and written […]
These days, crude oil can be purchased at low prices, so why discuss solar energy? Part of the issue is that the oil market is very volatile and today’s “cheapest” prices could become tomorrow’s “most expensive” prices. Additionally, companies would do well to invest in solar energy because it is more often used to generate electricity than anything else. In fact, oil use accounts for only one percent of U.S. electricity generation and so continued discussion and investment in solar energy is essential for a sustainable society. Research efforts should continue to determine how best to transform sunlight into usable chemical fuels.
Today’s newspaper headlines seem to be filled with panic over one type of communicable disease followed by another. While some of the public furor may be manufactured and overhyped, the concern has driven home the importance of a basic method of disease prevention: handwashing. Many people have taken to relying on hand sanitizers in recent years. Despite its popularity, however, using hand sanitizer is not a replacement good old-fashioned handwashing. Soap is a basic CPG staple—we don’t just use it for disease-preventing handwashing; we use it to stay clean, period. Dirt, protein, fat—consumers want the ability to remove contaminants from their skin, no matter the circumstance and cause. But as any person who’s worked in a research laboratory or in the medical field can tell you, the more you cleanse your hands, the more it strips moisture from your skin in the process. When faced with the dilemma of balancing cleaning action and moisture preservation, what can CPG firms do?
Today’s CPG market faces a major challenge. Despite dollar sales of consumer-packaged goods going up, sector growth has actually been flat in recent years. If anything, inflation is the only thing countering the slide in volume sales. These difficulties shouldn’t be a surprise. We’re seeing slower than expected economic growth in multiple countries, leading to less consumer spending. What can CPG companies do in the current environment then? After all, pressures fueled by economic slowdowns aren’t the only thing they need to worry about. Increased regulatory measures have led to major changes such as removing key ingredients from popular products. Buyer preferences can shift quickly and unexpectedly, transforming trends into staples. The obvious answer is, of course, innovation. New and interesting products are what bring consumers into stores time and time again, as we’ve observed in the case of seasonal-inspired food flavors. The question, however, is how do we sustain the CPG innovation process in a market that puts the squeeze on profit margins?