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Study: Personal care products are major contributor to U.S. economy

BY Gina Acosta

WASHINGTON — A new study by PricewaterhouseCoopers shows the deep economic and social contributions of the personal care products industry in the United States.

The study found the industry is one of the most dynamic and innovative industries driving the U.S. economy.

"In addition to the many tangible benefits our companies offer to consumers, the cosmetics and personal care products industry is directly responsible for creating American jobs," said Lezlee Westine, president and CEO of the Personal Care Products Council.  "We are proud to support the economy, contribute to social and environmental programs and meet the needs of American families."

To better understand the value of these contributions, the council engaged PwC to measure the industry's economic and social impact, using the most recent government data.

Key findings of the study include:

  • The personal care products industry strengthens the U.S. economy.  In 2013, the industry added nearly $237 billion to the U.S. gross domestic product (GDP), and supported 3.6 million domestic jobs that earned $144 billion in wages and incomes through its direct, indirect and induced contributions.
  • Industry contributes to a strong export economy. In 2014, the personal care products industry exported nearly $17 billion, contributing nearly $6 billion to the nation's surplus while the overall U.S. manufacturing sector experienced trade deficits.
  • Industry helps small business owners thrive. Over two-thirds of the total employment in the industry is in small businesses with less than 50 employees.
  • Women, including women with diverse backgrounds, are at the heart of the industry. The share of management positions held by women in the personal care products industry is higher than the U.S. average.  Women and those with diverse backgrounds account for nearly 74 percent of all industry employment and 61 percent of management positions.
  • Significant research and development investment drives innovation.  Cosmetics manufacturers invest nearly $3 billion in research and development annually and continue to provide consumers an array of innovative, high-quality products.  The industry employs approximately 6,000 scientific and technical professionals dedicated to ensuring product and ingredient safety.

"Every day, millions of families around the world trust and rely on personal care products to improve their health and well-being and to enhance their daily lives," said Westine. "This study confirms that communities across the country rely on the industry's economic and social contributions to support jobs and spur economic growth."

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APhA Annual Meeting and Expo focuses on pharmacists as providers, thought leaders

BY David Salazar
Outgoing APhA president Lawrence “LB’ Brown addresses APhA2016 attendees. 
 
WASHINGTON — The American Pharmacists Association concluded its Annual Meeting and Exposition, APhA2016, on Monday, hosting almost 6,000 pharmacists and pharmacy students in Baltimore, Md. 
 
The meeting’s theme this year, “Expanding Opportunities through Patient Care,” looked at how the pharmacist’s role in the healthcare system is changing. Speakers discussed the pharmacist’s role as providers and their potential to help prevent opioid abuse and misuse. 
 
“It’s been an amazing year working with key decision makers,” outgoing APhA President Lawrence “LB” Brown said, noting that pharmacy is being embraced by nurses and other healthcare professionals as a key part of the healthcare team, citing the Centers for Medicare and Medicaid Services’ expansion of the Medicare Part D medication therapy management as an example of this. 
 
APhA2016 keynote speaker Dr. Rajiv Shah addressed the opening general session, emphasizing that during his time as a physician, he has learned how valuable pharmacists are on a healthcare team. 
 
“Pharmacists’ expertise matters because the biggest fixable problem today in health care, one that amounts to $300 billion, is medication non-adherence,” Shah explained. “No one in the world has as much medication education as pharmacists.”
 
The second general session speakers focused on pharmacists’ potential as thought leaders. Author Abraham Verghese emphasized the value of one-on-one interactions with patients, and APhA president-elect Kelly Goode focused on pharmacists’ impact on their communities. APhA EVP and CEO Thomas Menighan discussed how far pharmacists have come in providing more value to patients and how far they can go. 
 
“Your touch is essential in making the connection between patient and caregiver,” Menighan. “For many years, pharmacists have been knocking down barriers to patient care services. Twenty years ago, no one would have imagined that today, more than 280,000 pharmacists would be trained immunizers. And the opportunities before pharmacists to deliver patient care services are only growing.”
 
Also at APhA2016, more than 300 delegates discussed, reviewed and approved APhA Policy Review Committee recommendations, as well as the APhA Policy Committee’s report focusing on point-of-care testing, medication optimization services and biologic, biosimilars and interchangeable drug products. 
 
APhA2017 is slated for March 24-27, 2017 in San Francisco.
 
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Jakemans launches new joint care supplement

BY Michael Johnsen
MANCHESTER, N.H. – Jakemans recently announced the U.S. launch of GOPO Rosehip with Galactolipids, a natural, plant-based joint care supplement. 
 
“GOPO has been helping joint pain sufferers in other countries for many years,” stated Jonathan Groves, president at Jakemans. “While the number of people experiencing joint problems is increasing, few newer or more effective solutions have been available to them, until now. We are excited to introduce this product to the U.S. market so that people experiencing joint problems – from senior citizens to elite athletes – can care for their joints and continue to enjoy an active lifestyle.”
 
GOPO Rosehip with Galactolipids is made from natural rosehip and contains a high level of GOPO – a key component of the rosehip which may play a role in the care of joints and joint tissues.
 
The product will be available at major U.S. retailers including Vitamin Shoppe in the spring of 2016.
 
 
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