Today we focused on the business of Cyprus and had to meetings one with Medochemie and the other with Wargaming.

Medochemie is a pharmaceutical company manufactures and distributes health care products and drugs to multiple countries around the world. The headquarters of Medochemie are located in Limassol because Cyprus is central among many countries that receive supplies from Medochemie. During our visit we got to ask head employees of this company questions about how this global business in run, and were also shown the warehouse in which all their exports are located.

The supply chain for this company had a substantial amount of elements to it. The presenters split the supply chain for Medochemie into three groups: strategic planning, tactical planning, and operational planning. These steps are vital for the success of this business. We also learned about the roles that QA and GMP play in the manufacturing and distributing process. To briefly sum the two, it is important that all products are being released into the market having met specifications and the right intention of use. Raw materials, the processing steps and equipment are some examples of all that has to be qualified before it is introduced to the public. The government puts into place these regulations and this type of protocol is also similarly used in the United States.

It was very interesting to learn about the operation and supply chain of Medochemie as well as Wargaming. In the afternoon, we got to listen to two speakers/representatives of the video game company Wargaming. In 2010 Wargaming was one of the first noticeable companies to offer numerous video games for free. Also having headquarters in Cyprus, Wargaming expanded to multiple others countries, and games such as World of Tanks are played globally. One of the major topic and dilemma (toxic positivity problem) presented was the idea of the greenlight. The greenlight is representative of whether or not the Wargaming should continue to invest time and money into further developing their game. A company like this would lose money if the users did not finish the game they spent perfecting, so it is crucial for them to know when to stop the creation process. The procedures that the company goes through to ensure a quality game and high profits is complex and impossible to achieve without their supply chain and everyday operations.

After today, I have a better understanding of global business and how companies in Cyprus are run to benefit people around the globe.