Advanced technologies are being used in manufacturing of drugs and medicines

Advanced technologies are being used in manufacturing

This preview shows page 10 - 12 out of 20 pages.

Advanced technologies are being used in manufacturing of drugs and medicines. The utilization of technology in the preparation of medicines and drugs are important especially in different research and development work. The technology has assisted the industry in speeding the research processes and improvement of the medicines (Ahearne, Lam & Kraus, 2014). The technology would also assist in customization of treatments and efficacy of the drugs improved. Allstar also uses technology in reaching and engaging the customers. The customers might lack the understanding and awareness of the products and platforms such as social media enables a company such as Allstar to engage with the customers. The overall outcome is reduction on overall costs of production, which generates returns to the investors. In addition, the benefits can be shared with the customers in terms of price reduction and the quality of the medicine. o Environment There are many environmental risks that are traced to the manufacture and distribution of drugs. During the production, there are residues that can pollute the environment. Even though there are few impacts on the environment, disposal and proper storage of the drugs to protect the environment continues being important (Nagle & Müller, 2017). The drug manufacturers have to continuously implement measures such as investing in the community and environment to address potential complications and actions. In addition, the society perceives the drug manufacturers generate more money and it is important for these companies to blow-back to the 10
community these numerous benefits and resources. Through such processes, the carbon footprint generated due to production and transportation would be managed effectively. o Legal The pharmaceutical industry must deal with the numerous legislations and laws in place. For example, penalties on drug manufacturing companies continue being an integral component in the US industry. Allstar has to strictly comply with the legislations and even integrates anti- corruption laws. Allstar is susceptible to numerous risks such as anti-trust issues, abuse of marketing and sales tactics, cyber security and anti-corruption, which affects its production requirements. The security and oversight on drug companies continues to increase meaning that Allstar has continues to identify the opportunities and risks proactively developing policies towards mitigating these risks. The legal framework is demanding especially when it comes to restraining release of drugs that are suitable for human consumption. Extensive and expensive tests must be performed to ensure the drugs are safe for consumption. The high legal costs required before passage of drugs also points to the expensive and demanding nature of the industry. Furthermore, the manufacturers have to content with unforeseen side effects of a drug, which piles pressures to the drug industry. It implies that companies such as Allstar have to review its production processes and ensure the laws and legal framework are integrated into the management of the enterprise.

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture