1. The COVID environment has produced many challenges. Businesses have begun to adapt, but adapting requires thinking out of the box, using technology, investing money.
Here is a good example, of fast-food restaurants. Please read this interesting article (Sta
ucks, Taco Bell, Chipotle reinvent the drive-through (fastcompany.com))Â on the reinvention of the drive-through. remember, this is a huge market segment; the article estimates that fast-food and fast-casual sector is worth an annual revenue of $290b. Sadly, it has taken a 30% hit in the COVID scare.
Then reflect on any of the following issues:
Is investing in drive-throughs a profitable exercise?
What did you find most innovative about the new drive-throughs being planned?
Should more traditional restaurants (e.g. Olive Garden) plan for drive-throughs, or try to wait out the pandemic?
2. The announcement by Amazon On November 17, 2020 that it was starting an online Pharmacy sent pharmacy stocks tumbling. CVS shares fell 8.6% in a single day. Walgreens Boots Alliance dropped 9.6%. Shares of Rite Aid slid 16.2%. GoodRx, which helps consumers find discounts on prescription drugs, fell 22.5%.  You can read the full announcement here. (Introducing Amazon Pharmacy: Prescription Medications Delivered | Business Wire)
Is this an ove
eaction? Amazon has failed often before (remember the Fire Phone), and the market seems to agree that its acquisition of Whole Foods in 2017 was a flop.
Discuss Amazon's pharmacy plans...