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Amazon has started selling prescription drugs, CNBC reported. And because of that ruling, the shares of companies that sell pharmaceutical products began to fall sharply. The newspapers of the two most popular drug chains in the US, Walgreens and CVS, lost almost 10 percent of their value in the stock market upon hearing the news and, upon learning of Amazon’s impact on business until now, it’s not a coincidence.
Two iconic American department store chains, Sears and JC Penney, for example, clearly attribute their decline to the internet giant, as do the congruent malls of the void. In English, if Amazon appears in one market segment, the other players can’t wait long. In France, several mayorsA Christmas without Amazon! “ In a petition called., He asked the public not to buy a Christmas gift from the Amazon, worrying, among other things, about local bookstores.
Specifically, it’s about at least $ 300 billion a year in pharmacies, within the US alone, which Amazon has been hurting for a while since it has a lot of money in it. He had previously given a clear sign of this when he bought a startup called PillPack two years ago that wanted to do exactly that: the online pharmacy.
PillPack and his team of nearly 800 had already sorted out just about everything in terms of storage, shipping and ordering when Amazon acquired it. Additionally, the cyberpath pioneer was picked up by Jeff Bezos in 2018 from the hypermarket chain Walmart, which also operates pharmacies in its stores, but hadn’t taken any further steps at the time.
However, the current moment is excellent.
This is because at the time of the coronavirus epidemic, drugs are running out well, and people don’t like to queue for the pharmacy riot anyway. In the United States, 60 percent of the adult population has at least one chronic disease, mostly in the form of high blood pressure, cancer, and diabetes, and that rate is growing steadily. So there was an opportunity that Jeff Bezos’ company seized. Amazon also promises free home delivery and deep discounts for subscribed customers.
Pharmacists seem to tie a travel sheet to his feet.
The thing only works within the US at the moment, but it’s by no means certain whether Amazon would do both. Jeff Bezos, by the way, is one of the few for whom 2020 has proven to be an excellent year. His wealth grew $ 67 billion this year and he is still by far the richest man in the world, according to Bloomberg. He is unaware of the European competition law proceedings against him, and then goes beyond the fact that he was forced to withdraw the traditional Black Friday actions.
(Cover Image: Chesnot / Getty Images)
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