Retail News Breaks
NACDS Total Store Expo exhibit to look ahead
June 10th, 2014
ARLINGTON, Va. – The National Association of Chain Drug Stores plans a new exhibit at this summer's Total Store Expo that will give a peek at the industry's evolution over the next decade.
Dubbed Vision 2025, the exhibit will enable attendees to preview "what comes next" in the chain drug retail sector via technology platforms, displays and interactive experiences, NACDS said Monday.
Another feature will be the NACDS-TV studio, which will provide full broadcast coverage of the trade show and strategic exchange, to be held Aug. 23 to 26 at the Boston Convention and Exhibition Center.
Vision 2025, created in partnership with Checkpoint Systems and Kantar Retail, will be located at the entrance of the show floor of the NACDS Total Store Expo.
"We are pleased to be partnering with two industry thought leaders who can help deliver on our objectives in providing forward-focused opportunities for attendees at the NACDS Total Store Expo," NACDS president and chief executive officer Steve Anderson said in a statement.
"As the industry prepares for the implementation of provisions of the Drug Quality and Security Act in 2025, we believe that Vision 2025 will help demonstrate what the industry — including the pharmacy and other departments in retail stores — may look like in 10 years," he explained. "Additionally, we know that retailers will continue to be laser-focused on serving as solution-providers for consumers' evolving wants and needs."
NACDS said that Checkpoint Systems, a global supplier of merchandise availability solutions for retailers, will illustrate how pharmaceutical companies, distributors and pharmacy retailers can leverage radio-frequency identification (RFID) to comply with the Drug Quality and Security Act (DQSA). At the Expo, the company will demonstrate its Merchandise Visibility Solution, designed to enable pharmaceutical suppliers, distributors, pharmacy retailers and consumer packaged goods providers to comply with the new federal regulation and realize additional benefits.
"DQSA is going to improve the safety of the pharmaceutical supply chain for all stakeholders," stated Farrokh Abadi, president and chief operating officer Merchandise Availability Solutions at Checkpoint. "Our Merchandise Visibility Solutions are already making a compelling difference for apparel retailers and brand owners, and we look forward to delivering similar value to pharmacy retailers, and pharmaceutical manufacturers and distributors as well, as they plan for the new federal regulation."
Meanwhile, NACDS said, Kantar Retail will provide a "multilensed and multimedia view" of retail's future, including major trends impacting retail in the convenience, beauty and health care space for Vision 2025.
"Our vision for the future will focus on delighting shoppers in 2025 with an eye toward what they care about and how to meet their retail needs, as well as managing the 'store Of the future,' demonstrating best-in-class operational and analytic technologies to optimize tomorrow’s supply chain," commented Brian Gildenberg, chief knowledge officer at Kantar Retail.
According to NACDS, key elements of Kantar's presentation will include "Consumer 2025," the "endless shelf," in-store displays in health and beauty, in-store automation techniques and the "virtual store."
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