Advancements in modern medicine over the past century have been directly responsible for raising the average human’s lifespan some 40 years. Although researchers and practitioners have made great strides in the world of medicine, something they do on a day-to-day basis, we haven’t got too far into the world of biotechnology yet.
According to Carsten Thiel, the Golden Age of Biotechnology is right in front of society. We’re effectively running into the soon-to-come era at full speed.
Carsten Thiel has a Ph.D and was the CEO of Abeona Therapeutics Inc. This is a biopharmaceutical company for clinical-stages that mainly develops gene and cell therapies for genetic diseases that are rare and life-threatening.
Biotechnology expert Carsten Thiel believes that the Golden Age of Biotechnology will help solve diseases that we don’t have great cures for, prevent them, and otherwise keep people healthier than they are right now.
Carsten believes that there are three primary drivers behind the many recent advancements in biotechnology.
The Human Genome Project initially took a whopping 13 years to sequence the human genome. Today, a human’s genome can be sequenced in no longer than two days. Further, it only costs a few hundred dollars. The cost of the Human Genome Project’s first sequencing was roughly $1 billion. See Related Link for more information.
Faster and cheaper biotech-related processes are helping us edge into the “Golden Age of Biotechnology”.
The second driver is that researchers and practitioners of medicine have access to more tools than ever before. For example, we now have antibody therapies available for widespread use.
Carsten Thiel’s third driver is that we understand the biology of our bodies better than ever before. Our advances in the world of cellular biology have been particularly important.
From the time Richard Liu Qiangdong ; founder and CEO of JD.com, started operating a small shop in the city that was selling electronics and other components to now when he is operating one of the largest e-commerce organization in China, he is fully aware that there a significant number of challenges that face the market. However, some of the challenges, such as SARS outbreak, could only affect brick and motor businesses while modern businesses have their own share of problems.
As a testament to Liu’s admirable business practices, he has received numerous national and international awards for his entrepreneurship, business influence, innovation, and leadership. AACSB.edu considered Richard Liu Quiangdong as one of the Most Influential Leaders.
Richard Liu notes that one of the challenges facing the modern fashion industry is the growing number of people in the middle income bracket. In as much as the number of people with huge income is beneficial to the company, there are other problems that these people bring to the company. One of the challenges is that they are very demanding and enforce their rules and regulations. Fashion organizations are no longer in charge of the industry but the middle class individuals decide what to be sold. See This Page for more information.
The second challenge that is affecting the online companies, especially those selling fashion products is that there only a few number of individuals who have adopted online platform as their buying places. As companies invest heavily on the e-commerce platform, the number of those individuals buying goods through these platforms is not increasing. People in the villages don’t buy their products through the e-commerce platforms because of trust issues. Some of them don’t even know about the e-commerce retail outlets due to low technical knowledge.
Richard Liu Qiangdong notes that the other challenge is that brick and motor retail outlets remain to influential shopping areas for a large number of individuals in the country. There are many people who always want to buy their products in the traditional shops where they can see and touch the products they are buying. There is always a perceive notion that brick and motor retail outlets are trusted than online retail outlets.
Lastly, Richard Liu notes that a large number of people have significantly changed their consumption habits to the extent that they are demanding customized products. This is making it hard for organizations to keep in touch with the changing consumption habits.
Source article: https://www.forbes.com/profile/liu-qiangdong/#711217232c0d