Description: Pharmacy is a roughly $400 billion business in the United States, yet only recently have entrepreneurs begun tackling the market. In 2013, two young founders launched PillPack, a retail pharmacy startup that was acquired by Amazon last year for around $750 million. Other newcomers followed, including New York City’s Capsule, which grabbed $270 million in funding to do same-day prescription delivery refilled via text.
Source: Forbes.com
Date: Nov 01, 2019
Questions for discussion:
- How is this industry being disrupted?
- How can traditional retailers strategically respond?
