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Issues

What to do about mounting transportation costs

What to do about mounting transportation costs

The high value of pharmaceutical shipments has traditionally meant that all parties in the chain drug industry were primarily concerned with quality. They needed a reliable, transparent solution. Given that shipping represented a tiny percentage of drug costs, price was a lesser concern. But recently shipping rates have increased sharply. Is there anything the industry

Community pharmacy and retail taking on new role

Community pharmacy and retail taking on new role

Retail in the future will look nothing like what we see today. A new role for physical retailers is long overdue, and only a few have satisfied the need for change. Historically, one of the primary challenges facing North American brick-and-mortar retail pharmacies and their suppliers has been the inability to encourage shoppers to purchase

A product’s earning potential is about the long haul

A product’s earning potential is about the long haul

A new product innovation with a large promotional spend does not automatically equal success in the retail marketplace. Too often, brands release a product with a new technology, form, ingredient or positioning, or a product that addresses an unmet consumer need, without fully considering the product’s earning ­potential. Not only is earning potential critical to

Pressure on pharmaceutical prices expected to persist

Pressure on pharmaceutical prices expected to persist

NEW YORK — Pricing pressures have become the new normal for the pharmaceutical industry. Three main factors are forcing down drug prices: government pressure, patent losses and the rise of generics. In developed markets, governments account for nearly 76% of spending on hospitals and other medical services. As a result, rising government measures to curb

Wholesalers give overlooked channel pivotal support

Wholesalers give overlooked channel pivotal support

NEW YORK — There is no question that consumer shopping behavior is forcing brick-and-mortar retailers, e-commerce providers and consumer packaged goods companies to look for new growth opportunities and ways of providing differentiated shopping and brand experiences. One channel that is growing, and often overlooked, is the independent pharmacy channel, at over 22,000 stores strong.

NACDS Retail Advisory Board fosters vibrant dialogue

NACDS Retail Advisory Board fosters vibrant dialogue

ARLINGTON, Va. — The NACDS Retail Advisory Board’s Market Immersion series resembles a microcosm of the NACDS Total Store Expo, in that the topics discussed emphasize the interrelationships of virtually every aspect of the business. The NACDS Retail Advisory Board, which includes NACDS associate and chain members, advises the NACDS board of directors primarily on

Wellness festival slated by Kroger

Wellness festival slated by Kroger

CINCINNATI — Kroger Co. is promoting its new Wellness Your Way platform, which encourages shoppers to adopt a more holistic approach to health, with a three-and-a-half-day music, education and wellness festival here in October. “Kroger is excited to present the first Wellness Your Way Festival in America in our hometown,” said Colleen Lindholz, president of

Genoa reportedly will be acquired

Genoa reportedly will be acquired

NEW YORK — UnitedHealth has tentatively agreed to buy Genoa Healthcare from private equity firm Advent International, according to a report. Under the terms of the deal, Genoa chief executive officer John Figueroa would leave the mental health center pharmacy operator, with chief commercial officer Mark Peterson taking the reins, according to the report in

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