Here are four things to know.
1. CVS CEO Larry Merlo announced the new delivery services Monday.
2. While all stores will offer next-day delivery in 2018, CVS locations in Miami, Boston, Philadelphia, Washington, D.C., and San Francisco will offer same-day delivery, according to Mr. Merlo. Stores in Manhattan will also offer free same-day deliveries starting Dec. 4.
3. The move comes as CVS is experiencing declining in-store sales and reduced earnings from hurricanes Harvey, Irma and Maria.
4. Some members of the healthcare industry believe CVS rolled out the new delivery services to prepare for Amazon’s rumored pharmacy market entrance, which could pose serious competition to retail pharmacy chains.
More articles on supply chain:
6 ways the proposed Republican tax overhaul could impact pharma
2 Alere medical supply companies to close Florida facilities, lay off 182 employees
CVS Health sees operating income dip 11.5% due to reimbursement pressure, hurricanes
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit