BIOTECHNOLOGY TODAY THE BIO REVOLUTION THAT'S POSITIVELY IMPACTING ECONOMIES AND LIVES (1)

1. BIOTECHNOLOGY TODAY - THE BIO REVOLUTION THAT'S POSITIVELY IMPACTING ECONOMIES AND LIVES Healthcare & Life Sciences

2. Enter 2020. The pandemic shocked the world with so many unprecedented situations. Lives were lost, and the economy was at its all-time low. It won't be wrong to say that globally people and every industry struggled. But that's just one side of the coin! The biotech sector continued to make its presence felt by attracting investors even during the coronavirus outbreak. Surprisingly, by the summer of 2020, more than 35 biotech companies raised more than $6.6 billion through US IPOs. Even the Nasdaq Biotechnology Index saw its all-time high in the last five years when it shot up by more than 25% in December 2020. According to a leading survey company, the biotechnology market will reach around $2.44 trillion by 2028. The global leaders believe that the changing government policies, robust investment in this sector, and rising demand are propelling this industry's growth. This article will cover the various aspects of the bio revolution contributing to the growth of the biotech sector. View For More Information https://www.pukkapartners.com/insight/biotechnology-today-the-bio-revolution-thats-positively-impacting-economies-and-lives

3. Biotechnology Sector- Improving The Response to Global Challenges Why look at the past examples when we can clearly see this sector at the forefront of challenges presented to the world? Yes, we are talking about global issues like climate change and coronavirus. The time frame of the sequencing of the genome in weeks rather than months clearly shows the potential of this new world of biology. That's only a start, though! Other biological innovations like clinical trials of vaccines, search for potential and potent therapies, and the transmission patterns of viruses are all possible because of this emerging technology. Admittedly, this could transform the economies, societies, and lives in the foreseeable future. In fact, various surveys predict that it could directly impact the economy with around $4 trillion a year for the next two decades. That's why there are so many investments being made in startups recently. Who can forget the amount invested by Illumina Inc. in nine new genomics companies? The company started a program called Illumina Accelerator, where they select the startups that require seed investments, genomics expertise, or business guidance. View For More Information :- https://www.pukkapartners.com/insight/biotechnology-today-the-bio-revolution-thats-positively-impacting-economies-and-lives

5. New technological trends applied in the biological industry are bringing about a change in economies. For instance, the fermentation process used to make bread now plays a role in creating fabrics like artificial spider silk. Some industries have already started using genetically engineered microbes to develop biofuels for aviation and marine industries. This is further helping to improve precision right from delivery to development and consumption. It won't be wrong to say that this technology in molecular biology continuously makes the R&D and other processes predictable and deliberate. That's why there is a growth of the term "personalized medicine" in the last few years. Plus, the integration of new technologies like automation and machine learning are further helping companies process information in a much better way. And guess what? In the coming years, you might even see a potential growth of bio machines, neuroprosthetics, or biocomputers to simplify further and streamline the biological processes? Read More :- https://www.pukkapartners.com/fte What Can You Expect in The Future? Global leaders and the scientific community believes that biotech companies will hold prominence in majorly four domains. These include: Human health: You might expect many changes in the cell, gene, or therapies to improve or extend the lifespan. Improvement in drug delivery mechanisms and reproductive medicine will further enhance human health. Agriculture, Aquaculture, Food: The technology will mostly be about using new ways to improve the breeding of plants and animals. The focus will be on understanding the microbiome of plants, soil, and animals to improve agricultural outcomes. Consumer Products: Using the biological data, the companies could use this emerging technology to offer personalized products and services. The device has a GPS to track the railcar's location, and several sensors analyse the physical qualities of the chemicals as well as the railcar's condition using data such as shock impacts. The data is collected by satellites in low Earth orbit, which ensures continuous communication.

6. Forecasting demand Demand forecasting and responsive scheduling can help chemical industries optimise capacity. BASF, for example, is using predictive analytics to forecast demand by merging historical data with economic data. External factors like seasonal effects, macroeconomic data for customer industries at national and regional levels, regulatory changes, and internal factors like BASF's strategies—expansion, mergers and acquisitions, divestitures, and other transactions—are all taken into account by the forecasting model. BASF can plan and alter its plant operations as demand changes using the forecasting model. Material selection using advanced analytics Chemical businesses can employ advanced analytics to generate new "physical" materials using digital data. Lower data storage costs, high-performance computing (HPC), and advanced analytics all aid in the creation of databases that store information on available materials and their properties, as well as present new material combinations with desired properties, resulting in material genomics advancements. Chemical businesses might potentially digitise the material-selection process by moving away from trial and error and toward modelled outcomes. Existing revenue streams will be supplemented by data services. Chemical firms can use data services to supplement their present product income, thanks to information and networked systems. Monsanto, for example, has a “Climate Basic” app that gives farmers real-time data from satellites on temperature, weather, and soil conditions, as well as forecasts for the next few days, as well as advice on appropriate water levels and fertilisers based on the data obtained in the field.

7. There are also software applications that assist farmers in detecting and diagnosing plant illnesses. The farmer can take a photograph of the diseased plant and upload it to an analytical model. The model compares the sick portion of the leaf to photos of diseased plants saved on a connected database. Once the model has found a match, it makes therapy recommendations. The image could also be forwarded to a laboratory and evaluated by pathologists for validation of computerized advice. By forward-integrating into customers' activities, new revenue models can be created. Chemical firms have the chance to integrate their collaborative knowledge into the operations of their customers. Traditional manufacturers made water-treatment suggestions to their customers based on site visits and their understanding of materials and assets, in addition to providing water-treatment chemicals. Chemical companies can have direct visibility into and interaction with their customers' operations using Industry 4.0 connectivity, monitoring, and analytics, and can provide real-time recommendations to optimise operations and improve the design of water-treatment facilities, allowing them to create a new business model for themselves. Ecolab, for example, is a company that delivers water purification as a service. In addition to providing water-treatment chemicals, the company leverages advanced analytics to provide real-time monitoring of customers' operations and assets, as well as advice on water use, reuse, and recycling.

9. Major Market Highlights: Solvay has stated that the capacity of its hydrogen peroxide plant in Jemeppe-sur-Sambre (Belgium) will be increased, allowing for increased H2O2 production. The company also intends to enhance the capacity of its plants in Bernburg (Germany) and Voikkaa (Finland) (Finland). These expenditures are in response to increased product demand in Europe, both for existing and new applications. Kanto Chemical Co., Inc. committed around USD 63.7 million in expanding its production facilities in Taiwan to suit the growing demand of key local semiconductor clients. The annual output of semiconductor products will expand from 120,000 to 200,000 tonnes at this facility. Cabot Microelectronics purchased KMG Chemicals (US) and became the North American region's biggest chemical distributor of semiconductor consumable materials. Cabot's existing portfolio will be supplemented by this acquisition, which will expand customer touchpoints with leading semiconductor manufacturers. Conclusion: Industry 4.0 will bring several opportunities in the chemical industry As firms move away from the pay-by-the-ton revenue model and focus on providing value-added products and services to their customers, Industry 4.0 will certainly have an impact on how they run and expand their operations. The decisions firms make today, as well as the activities they commit to in the coming years, will determine how quickly and successfully they perform. Chemical firms can plan their Industry 4.0 journey and identify ways to connect their digital and physical assets across different stages of the value chain if they have a strong grasp of their strategic imperatives.

10. How We Are :- Pukka Partners provide customized intelligence solutions to C-suite executives and functional growth leaders, along with other key offerings including market & competitive intelligence, management & strategy consulting, pre-investment advisory, real-time business intelligence, and data analytics services across sectors, globally and locally, on new & emerging markets and disruptive technologies. We offer advisory and actionable insights around public policies, investment tracking along with the obstacles faced by investors, innovation and strategy impact monitoring, identification of industry potential, and technology mapping through comprehensive and standardized research methodology and tools. We deploy our solutions to solve prioritized and critical business challenges by leveraging our in-house expertise and continuous engagement with industry thought leaders in the business ecosystem. Contact Us:-engage@pukkapartners.com https://www.pukkapartners.com