Anyone who had doubts about the depth of Walmart’s commitment to playing a bigger part in the nation’s health care system received a needed corrective in recent weeks as the company unveiled a series of initiatives designed to strengthen its impact in a sector that accounts for almost 20% of the U.
Chain drug store operators and other mass market retailers are confronted with a long list of complex issues today that bear not only on the success of their businesses but on the well-being of their customers and the communities they serve.
The Emerson Group is celebrating an anniversary, the company’s 25th, I believe. The exact date is either later this year or early next year or sometime soon. No matter.
Adults with diabetes have a two- to three-times increased risk of early death compared to individuals without diabetes. Leaving diabetes uncontrolled can damage the kidneys, eyes, nerves and heart.
In recent years, the global health and wellness industry has grown rapidly, at nearly twice the rate of the global economy, with all signs pointing to a continuing upward trend. In 2017, the global wellness economy hit $4.
In today’s retail landscape filled with intense competition and discouraging news about store closures and challenging sales figures, Global Market Development Center (GMDC)|Retail Tomorrow is focused on designing new strategies for retailers and suppliers to navigate a path forward to evolve and th
new competitors, generic drug price deflation, Medicare Part D plans pushing patients toward in-network or mail order pharmacies — and all of this before direct and indirect remuneration (DIR) fees. For
As drug stores remake themselves under the banner of health and wellness, they are taking a second look at anything that may strike consumers as off-brand.
It’s no secret that the retail industry is experiencing unprecedented disruption and a decline in foot traffic as a result of the proliferation of e-commerce and the subsequent migration of products from physical stores to online marketplaces.
and to use that knowledge to go beyond traditional manufacturing and deliver services and experiences (and, yes, products) that are entirely “right” for each moment in their lives.
The self-care movement is playing a key role in reshaping health care in a way that drug store retailers and manufacturers cannot afford to ignore.
The legacy business model in consumer and retail is the pipe through which value is generated upstream and delivered to consumers downstream. As everyone is aware, a powerful alternative has emerged. Today “platform” enterprises such as Alibaba, Amazon, Tencent and Uber are dominant business titans.
It is seldom that a trend benefits all key players in a given market, but the proliferation of self-care and the growth of the over-the-counter medication market is one of those trends. Drug retailers, consumers and the U.S.
Today’s product landscape is highly competitive. Speed-to-market continues to be an important product launch factor, but it isn’t everything. Often, overly eager companies introduce a new CPG item too quickly while overlooking critical steps that could prevent costly mistakes.
and is forecast to reach $63.5 billion by 2024, a
a bold departure for a pharmacy chain in this country, one that sadly has yet to be matched by any of the company’s peers — was intended to discourage smokers from indulging in a habit that is clearly
