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Advice You - Globalization: Beat Unemployment And Jobs Outsourcing
Continents and countries are getting closer with technologies and science. With airplanes, Internet, phones and computing, the distances between countries have
According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product
been shortened and communications have become more immediate and interactive.
As such, companies can have different parts of their plants operating from diff
As such, companies can have different parts of their plants operating from diff
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
erent locations, without sacrificing the quality of the products and the delivery time.
Riding on low exchange rates of these countries, companies can be cert
Riding on low exchange rates of these countries, companies can be cert
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
ain of bigger profit margins since they will have lower costs.
This is the effect of globalisation.
It’s happening everywhere.
Many factories are being set
This is the effect of globalisation.
It’s happening everywhere.
Many factories are being set
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
up in the developing and undeveloped countries. Call centres of almost all the big organisations are now in India and China. Even the glamorous Hollywood has a
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
lso outsourced some of their creative process to India.
The impact?
Many have lost their jobs.
And these jobs are likely never to return.
Outcome? More pro
The impact?
Many have lost their jobs.
And these jobs are likely never to return.
Outcome? More pro
ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc
tests and strikes against globalisation.
But those who are most affected are these workers who have lost their jobs and their families.
They have to worry ab
But those who are most affected are these workers who have lost their jobs and their families.
They have to worry ab
easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi
ut paying electricity bills especially during winter, paying rents, food, and their bleak future. Their children may have to stop going to schools and they wil
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
l have no presents for Christmas and birthdays. The families may have to starve.
The worst that could happen is having no money to pay medical bills.
These w
The worst that could happen is having no money to pay medical bills.
These w
and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ
orkers are likely to encounter difficulties in finding jobs, partly due to their ages (they are likely to be in the middle-age or fifties). And most organisati
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
ons are not giving these workers chances of employments.
The reason behind is that they can employ younger workers with lower salaries, yet they can work and
The reason behind is that they can employ younger workers with lower salaries, yet they can work and
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
learn faster, thus increasing productivity.
But the effect of globalisation has spread to recent graduates. Many young graduates are finding it hard to find j
But the effect of globalisation has spread to recent graduates. Many young graduates are finding it hard to find j
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
obs that pay a reasonable high salary.
Even those who are able to secure jobs are unhappy and insecure. There is no job security, anytime anyone can be retren
Even those who are able to secure jobs are unhappy and insecure. There is no job security, anytime anyone can be retren
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
ched or fired.
Is there a way out?
Can you still find jobs?
The answer is yes. You must know where to look.
To beat unemployment caused by globalisation an
Is there a way out?
Can you still find jobs?
The answer is yes. You must know where to look.
To beat unemployment caused by globalisation an
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
jobs outsourcing, you have to look for jobs in countries where these jobs have been outsourced. In other word, you have to become a global worker, one who can
t?
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
work in any part of the world.
Currently, the best place to work will be in Asia.
Asia is experiencing rapid economic boom and there are many opportunities
Currently, the best place to work will be in Asia.
Asia is experiencing rapid economic boom and there are many opportunities
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
awaiting you.
Even with Asia’s low exchange rates, you can still earn and make a living. The low living standards made up for it.
The best part of working in
Even with Asia’s low exchange rates, you can still earn and make a living. The low living standards made up for it.
The best part of working in
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
these countries is that there are vast opportunities and with many projects still to be developed, your skills and knowledge are in hot demand.
In return, yo
In return, yo
.
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
u will gain precious experiences that you can add to your resume and they will become your advantages in your next job application when you return home.
So if
So if
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
you are prepared to take the risk to move to these countries, you will surely find a job.
Copyright@2006 Yen-Ying Hor http://www.globalcareerinformation.com
Copyright@2006 Yen-Ying Hor http://www.globalcareerinformation.com
tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products
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