May 18, 2020 by Chain Drug Review
COVID-19, economy
May 18, 2020, News
NEW YORK — The COVID-19 pandemic has not only put a freeze on life as we knew it but on the U.S. economy, which before the outbreak was humming along at a steady pace. With government-imposed lockdowns and social distancing guidelines put in place to slow down the spread of the coronavirus, many businesses have
May 18, 2020 by David Pinto
COVID-19
May 18, 2020, Opinion
There’s an old joke about the time a gun-toting robber confronted the notoriously frugal Jack Benny on the street, demanding “your money or your life.” When Benny failed to respond, the robber, noticeably exasperated, questioned his silence. Responded Benny: “I’m thinking, I’m thinking.” That’s pretty much the dilemma facing the chain drug store business these
May 18, 2020 by Jeffrey Woldt
community pharmacy, coronavirus, COVID-19
May 18, 2020, Opinion
Entrenched assumptions about the role of community pharmacy are being uprooted by the COVID-19 crisis, and leaders of five of the nation’s largest retailers accelerated the process last month during a meeting with President Trump and the Coronavirus Task Force at the White House. The executives were there to lend support to the public-private partnership
May 1, 2020 by Shannon Cox and Stephen Cummings
COVID-19, retail pharmacies, Shannon Cox, Stephen Cummings
April 27, 2020, Opinion
The rapid spread of the COVID-19 virus has placed an enormous strain on the U.S. health care system, and we can expect that the pandemic will continue to impact retail pharmacies for the foreseeable future. In addition to the wide range of operational challenges facing retail pharmacies, the COVID-19 virus has sparked a number of
May 1, 2020 by Steve Anderson
COVID-19, NACDS, NACDS president and chief executive officer Steven Anderson
April 27, 2020, Leading Headlines, Opinion
It is difficult to believe that two weeks have passed since our last update to Chain Drug Review readers on NACDS’ engagement in COVID-19 response. Much has happened during those two weeks. One very, very important fact remains the same. With their dedication, NACDS member pharmacies and their pharmacists, pharmacy technicians and team members on
April 30, 2020 by Rodey Wing
Amazon/PillPack, Kearney, pharmacies, pharmacy, Rodey Wing
April 27, 2020, Opinion
Pharmacies have long been the front door to the country’s health care system. People choose their favorite pharmacy and make stopping by a habit. They drop in to pick up monthly prescriptions, ask the pharmacist for advice and, of course, snag retail items in the process. But can pharmacies hold on to this coveted position?
April 30, 2020 by Chain Drug Review
COVID-19, NACDS, Richard Asworth, Walgreens
April 27, 2020, Leading Headlines, Opinion
DEERFIELD, Ill. — Earlier this month, Walgreens president Richard Ashworth succeeded Chris Lane, executive vice president of Wakefern Food Corp., as chairman of the National Association of Chain Drug Stores. The change in leadership went according to plan, but the manner in which it occurred did not. New chairmen normally take the reins at the
April 30, 2020 by Brian Ross
Brian Ross Precima a Nielsen company, shopper-centric collaboration
April 27, 2020, Opinion
The basis of the relationship between retailers and their suppliers across all channels is rarely collaborative, resulting in a typically combative approach on both sides. The retailer advocates for the shopper by negotiating lower prices, higher quality and better services from suppliers, which primarily want to make the consumer loyal to their brands. In successful
April 29, 2020 by Craig Ford
COVID-19, Craig Ford, LexisNexis Health Risk Solutions
April 27, 2020, Opinion
Pharmacies will experience significant shifts in the way they operate during the remainder of the calendar year — and well into 2021. From the ongoing transition to value-based care to the explosion of COVID-19, pharmacy executives will monitor the industry trends and changes and respond accordingly to optimize patient care. High-quality care provision — enabled
April 29, 2020 by Dan Leonard
COVID-19, Dan Leonard, National Pharmaceutical Council, pharmacy
April 27, 2020, Opinion
As I write this column, I’m working at home, social distancing from others not in my immediate family, yet keeping close to my coworkers and community through a blend of online video and other communications. As COVID-19 continues to spread across the United States, I wonder when we will return to “normal” — or even
April 28, 2020 by Steven Robins
COVID-19, Steven Robins is managing partner and principal at the New England Consulting Group.
April 27, 2020, Opinion
In the large conference room at our headquarters in Westport, Conn., there is an erasable whiteboard that gets an awful lot of use capturing ideas for companies across a spectrum of industries. While those ideas get written, used and erased frequently, there is always a quote at the top of the board that tends to
April 28, 2020 by Deborah Weinswig
Coresight Research, COVID-19, Deborah Weinswig, drug chains
April 27, 2020, Opinion
U.S. brick-and-mortar retail is in crisis. This sentiment has been expressed to varying degrees in recent years as store closures and bankruptcies have piled up, but the current threat is much more immediate and pressing: The coronavirus outbreak has closed much of U.S. brick-and-mortar retail, and almost half the country has been told to stay
April 28, 2020 by Brian Owens
Brian Owens is senior vice president at Kantar., COVID-19
April 27, 2020, Opinion
The new global reality after COVID-19 will be the lasting memory of everything shutting down except retail. The role of retail will never be the same, as shoppers are becoming dependent on it both as a trusted resource and as an adviser for all aspects of their lives. North American retailers such as Costco, Walmart
April 27, 2020 by Lari Harding
COVID-19, food spending
April 27, 2020, Opinion
For the last 50 years, share of stomach, or food spending, in the U.S. has been steadily shifting from eating at home to eating in restaurants. During the 1960s, less than 30% of domestic food dollars were spent away from home but, now, according to the U.S. Department of Agriculture, the proportion of the family