Meaningful product innovation central to retail growth
New product launches have a notoriously high failure rate. In fact, Nielsen once pegged the failure rate of new consumer packaged goods at a staggering 85%.
Opinion
Industry strengthened by NACDS events
The National Association of Chain Drug Stores is gearing up for three big events in the coming months, each of which will offer stakeholders in community pharmacy an opportunity to advance the interests of their organization and the industry as a whole.
CVS-Aetna: A blockbuster in vertical integration
which totaled $72 billion in 2016 and $76 billion after the third quarter of 2017, prior to CVS announcing the final deal. Across the industry, companies are increasingly leveraging these strategic partnerships to improve
Three trends now shaping the CPG industry
Not so long ago large multinational consumer packaged goods companies competed against one another by seeking out new markets to conquer and new consumer segments to attract. Today, the drivers of growth have undergone rapid and massive transformation.
Beauty innovation only the start at CVS
The announcement by CVS Pharmacy president Helena Foulkes at last month’s National Retail Federation Big Show that the retailer will adopt standards that bring a new level of transparency to the images used to promote its beauty business caused a stir in the category and triggered a long overdue dis
Regional chains don’t settle for status quo
With the National Association of Chain Drug Stores gearing up for its annual NACDS Regional Chain Conference, which will run from February 4 through February 6 in Fort Lauderdale, Fla., it is a good moment to appraise that segment of the community pharmacy industry.
Patients, not PBMs, should choose pharmacy
In recent testimony before the House of Representatives Energy and Commerce Subcommittee on Health, National Community Pharmacists Association (NCPA) chief executive officer B.
In Canada, pharmacy aims to bolster health care role
Heading into 2018, the Neighbourhood Pharmacy Association of Canada (Neighbourhood Pharmacies) has become the acknowledged leader and advocate for our members across Canada.
Food retailers sharpen focus on wellness
Each year, the Food Marketing Institute surveys food retailers to identify what trends will have a positive or a negative impact their company’s sales and profits.
Community pharmacy shows its resiliency
Community pharmacy owners occupy a critical position in the pharmacy marketplace and, even more importantly, as health care providers in communities across the country. Most stakeholders in the profession understand the vital marketplace check and balance that independent businesses provide.
Biopharma innovation just part of health care equation
Today we’re seeing significant scientific breakthroughs that are revolutionizing the treatment of challenging conditions like cancers and both rare and chronic diseases.
NACDS helps retail pharmacy plan for unexpected
One of the strengths of the National Association of Chain Drug Stores is our approach to strategic planning.
How to make health care more efficient, effective
The U.S. health care system does not work well for patients or providers. We now pay twice as much as other developed countries for health care, and the Centers for Medicare & Medicaid Services (CMS) expects Americans will spend $1 out of every $5 on health care by 2025.