Latest / Omni Talk Retail / Amazon Pharmacy’s GLP-1 Expansion Is a Huge Deal | Fast Five Shorts
Transcript
- 0:00Amazon
- 0:00Pharmacy
- 0:01is
- 0:01now
- 0:01offering
- 0:02same
- 0:02day
- 0:02delivery
- 0:03of
- 0:03the
- 0:03Ozempic
- 0:04pill
- 0:04and
- 0:05only
- 0:05FDA.
- 0:06The
- 0:06only,
- 0:06excuse
- 0:07me,
- 0:07the
- 0:07only
- 0:07FDA
- 0:08approved
- 0:08oral
- 0:09GLP1
- 0:09medication
- 0:10to
- 0:11treat
- 0:11type
- 0:112
- 0:11diabetes.
- 0:12And
- 0:12they're
- 0:13offering
- 0:13it
- 0:13to
- 0:13nearly
- 0:143,000
- 0:14cities
- 0:14and
- 0:15towns
- 0:15with
- 0:15plans
- 0:15to
- 0:16expand
- 0:16to
- 0:16nearly
- 0:174,500
- 0:17cities
- 0:18by
- 0:18year
- 0:18end
- 0:19and
- 0:19will
- 0:19soon
- 0:20dispense
- 0:20the
- 0:20medication
- 0:21within
- 0:21minutes
- 0:22through
- 0:22licensed
- 0:23pharmacist
- 0:24supported
- 0:24kiosks
- 0:25as
- 0:25well
- 0:25at
- 0:25select
- 0:26one
- 0:26medical
- 0:27locations
- 0:28immediately
- 0:28following
- 0:29patient
- 0:29appointments,
- 0:30according
- 0:31to
- 0:31an
- 0:31Amazon
- 0:31press
- 0:32release
- 0:32via
- 0:32Business
- 0:33Wire.
- 0:33With
- 0:34insurance,
- 0:34pricing
- 0:35for
- 0:35this
- 0:35will
- 0:35start
- 0:35as
- 0:36low
- 0:36as
- 0:36$25
- 0:37per
- 0:37month.
- 0:38For
- 0:38cash
- 0:38pay
- 0:38customers,
- 0:39pricing
- 0:39begins
- 0:40at
- 0:40$149
- 0:41per
- 0:41month
- 0:41with
- 0:42manufactured
- 0:42sponsored
- 0:43savings
- 0:44offers
- 0:44applied
- 0:44automatically
- 0:45before
- 0:45checkout.
- 0:46A1
- 0:47Medical
- 0:47subscription,
- 0:48which
- 0:48costs
- 0:48$199
- 0:49per
- 0:50year,
- 0:50is
- 0:50not
- 0:50required
- 0:51to
- 0:51book
- 0:51an
- 0:51appointment
- 0:52and
- 0:52use
- 0:52the
- 0:53kiosk
- 0:53either.
- 0:54This
- 0:54expansion
- 0:55builds
- 0:55on
- 0:55Amazon's
- 0:56$4
- 0:56billion
- 0:57plus
- 0:57investment
- 0:57last
- 0:58year
- 0:58in
- 0:58delivery
- 0:58infrastructure
- 0:59aimed
- 1:00at
- 1:00tripling
- 1:00its
- 1:00Delivery
- 1:01options
- 1:01in
- 1:012026,
- 1:02with
- 1:02particular
- 1:03focus
- 1:03on
- 1:04small
- 1:04towns
- 1:05and
- 1:05rural
- 1:05areas.
- 1:06Catherine,
- 1:07does
- 1:07the
- 1:07advent
- 1:07of
- 1:07GLP1
- 1:08medication
- 1:09make
- 1:09Amazon
- 1:10more
- 1:11or
- 1:11less
- 1:11of
- 1:11a
- 1:11threat
- 1:12in
- 1:12the
- 1:12pharmacy
- 1:12business?
- 1:13That's
- 1:13my
- 1:13first
- 1:13question.
- 1:14And
- 1:14second,
- 1:15if
- 1:15you
- 1:15are
- 1:15a
- 1:15grocer
- 1:16that
- 1:16uses
- 1:16a
- 1:16pharmacy
- 1:17to
- 1:17drive
- 1:17traffic,
- 1:18how
- 1:19scared
- 1:19should
- 1:19you
- 1:20be
- 1:20by
- 1:20same
- 1:21day
- 1:21Ozempic
- 1:22pill
- 1:22delivery
- 1:23from
- 1:23Amazon?
- 1:25Yeah,
- 1:25I,
- 1:25I
- 1:26think
- 1:26both,
- 1:27I
- 1:27think
- 1:27grocery
- 1:28and
- 1:28standalone
- 1:29pharmacies
- 1:30are
- 1:30certainly,
- 1:31you
- 1:31know,
- 1:31they
- 1:31were
- 1:32already,
- 1:32I
- 1:32mean
- 1:32there's
- 1:33already
- 1:33been
- 1:33a
- 1:33lot
- 1:33of
- 1:33news
- 1:34about
- 1:34Amazon
- 1:35and
- 1:35their,
- 1:36their
- 1:37pharmacy
- 1:37offering
- 1:38and
- 1:38delivery
- 1:38and
- 1:39how
- 1:39convenient
- 1:39it
- 1:39is.
- 1:40And
- 1:40I
- 1:41think,
- 1:41you
- 1:41know,
- 1:41if
- 1:41you
- 1:41go
- 1:41in
- 1:42to
- 1:42a
- 1:42grocery
- 1:43store
- 1:43and
- 1:43you're
- 1:43shopping
- 1:44and
- 1:44you're
- 1:44getting
- 1:44your
- 1:45prescription,
- 1:45okay,
- 1:46but
- 1:46if
- 1:46you're
- 1:46going
- 1:47somewhere
- 1:47just
- 1:47to
- 1:47get
- 1:47a
- 1:48prescription,
- 1:48it
- 1:48can
- 1:48be
- 1:48a
- 1:49pain
- 1:49in
- 1:49the
- 1:49butt
- 1:49sometimes.
- 1:50So
- 1:50I
- 1:50think
- 1:51this
- 1:51is
- 1:51huge,
- 1:51Chris.
- 1:52I
- 1:52mean
- 1:52last
- 1:52I,
- 1:53last
- 1:53I
- 1:53saw
- 1:53There
- 1:54was
- 1:54like
- 1:541
- 1:54in
- 1:558Americans
- 1:56that
- 1:56are
- 1:56on
- 1:56GLP1s
- 1:57and
- 1:58the
- 1:58ones
- 1:59that
- 1:59aren't,
- 1:59there's
- 1:59a
- 2:00large
- 2:00chunk
- 2:00of
- 2:00people
- 2:01that
- 2:01just
- 2:01can't
- 2:01afford
- 2:02it.
- 2:02You
- 2:02know,
- 2:02the
- 2:03shots
- 2:03at
- 2:03one
- 2:03point
- 2:03were
- 2:04like
- 2:04thousands.
- 2:05I
- 2:05think
- 2:05now,
- 2:06you
- 2:06know,
- 2:06you
- 2:06can
- 2:07get
- 2:07different
- 2:07coupons
- 2:08and
- 2:08stuff.
- 2:08They
- 2:08might
- 2:08be
- 2:09like
- 2:09300,
- 2:10$400,
- 2:11but
- 2:11the
- 2:11cost
- 2:11of
- 2:12these
- 2:12pills
- 2:12is
- 2:13going
- 2:13to
- 2:13be
- 2:13more
- 2:13than
- 2:1350%
- 2:14less
- 2:14than
- 2:15that.
- 2:15So
- 2:15there
- 2:15is
- 2:16a
- 2:16whole
- 2:16nother
- 2:17consumer,
- 2:18you
- 2:18know,
- 2:18coming
- 2:19into
- 2:19this,
- 2:20this
- 2:20business
- 2:21here.
- 2:21And
- 2:22I
- 2:22also
- 2:22think
- 2:24the
- 2:24fact
- 2:24that
- 2:25they
- 2:25can
- 2:25get
- 2:25these
- 2:26now
- 2:26from
- 2:26these
- 2:26kiosks
- 2:27and
- 2:27they
- 2:28don't
- 2:28have
- 2:28to
- 2:28see
- 2:28a
- 2:28doctor
- 2:29and
- 2:29they
- 2:29can
- 2:29see
- 2:30it
- 2:30like
- 2:30in
- 2:30their
- 2:30more
- 2:31privacy,
- 2:31there's
- 2:32not
- 2:32that
- 2:32stigma
- 2:32about
- 2:32them
- 2:33getting
- 2:33it.
- 2:33I
- 2:34think
- 2:34a
- 2:34lot
- 2:34of
- 2:34people
- 2:34are
- 2:35going
- 2:35to
- 2:35come
- 2:35out
- 2:35of
- 2:35the
- 2:35woodwork
- 2:36now
- 2:36and
- 2:36want
- 2:36to
- 2:36leverage
- 2:37this.
- 2:38So
- 2:39I
- 2:39think,
- 2:39you
- 2:40know,
- 2:40pair
- 2:41this
- 2:41new
- 2:42offering
- 2:42with
- 2:42the
- 2:42beloved
- 2:43Amazon
- 2:44same
- 2:44day
- 2:44delivery.
- 2:45I
- 2:45think
- 2:45this
- 2:45is
- 2:45going
- 2:46to
- 2:46be
- 2:46huge.
- 2:46I
- 2:46can't
- 2:47think
- 2:47of
- 2:48another
- 2:48retailer,
- 2:49I
- 2:49mean
- 2:49outside
- 2:50of
- 2:50Walmart,
- 2:52I
- 2:52can't
- 2:52think
- 2:53of
- 2:53anybody
- 2:53else
- 2:53that's
- 2:53going
- 2:54to
- 2:54be
- 2:54able
- 2:54to
- 2:54compete
- 2:54with
- 2:54us.
- 2:56I,
- 2:56I
- 2:57100
- 2:57agree.
- 2:58I
- 2:58think
- 2:58this
- 2:58is
- 2:58really,
- 2:59this
- 2:59is
- 2:59really,
- 2:59this
- 3:00is
- 3:00really
- 3:00big
- 3:00news.
- 3:00My
- 3:01flippant
- 3:01response,
- 3:02if
- 3:02I
- 3:02want
- 3:02to
- 3:02be
- 3:02flippant,
- 3:03which
- 3:03I
- 3:03sometimes
- 3:03like
- 3:03to
- 3:04be,
- 3:04my
- 3:04flippant
- 3:05response
- 3:05to
- 3:05this
- 3:05headline
- 3:06was
- 3:06like,
- 3:06well,
- 3:06Amazon
- 3:07doesn't
- 3:07need
- 3:07a
- 3:07grocery
- 3:07strategy
- 3:08because
- 3:08if
- 3:08they
- 3:08win
- 3:09this
- 3:09RX
- 3:09battle,
- 3:09people
- 3:10are
- 3:10just
- 3:10going
- 3:10to
- 3:10stop
- 3:10eating
- 3:10food.
- 3:11They're
- 3:11not
- 3:11going
- 3:11to
- 3:11eat
- 3:11as
- 3:11much.
- 3:12So
- 3:12groceries
- 3:12going
- 3:13to
- 3:13be
- 3:13a
- 3:13dying
- 3:13business.
- 3:13Why
- 3:14does
- 3:14Amazon
- 3:14need
- 3:14to
- 3:14focus
- 3:15on
- 3:15it
- 3:15like
- 3:15they
- 3:15have?
- 3:16But
- 3:16you
- 3:16know,
- 3:16if
- 3:16I
- 3:16get
- 3:17serious
- 3:17about
- 3:17it,
- 3:17my
- 3:18answer
- 3:18is,
- 3:18my
- 3:18answer
- 3:19to
- 3:19the
- 3:19questions
- 3:19I
- 3:19ask
- 3:19you
- 3:19is
- 3:20very
- 3:20similar.
- 3:20I
- 3:20think,
- 3:21I
- 3:21think
- 3:21for
- 3:21sure
- 3:22it
- 3:22makes
- 3:22Amazon
- 3:22a
- 3:22bigger
- 3:23threat
- 3:23in
- 3:23pharmacy.
- 3:24Just
- 3:24the
- 3:24rise
- 3:24of
- 3:24GLP1s
- 3:25in
- 3:26general
- 3:26is
- 3:26a
- 3:26huge
- 3:27gift
- 3:27to
- 3:28Amazon
- 3:28because
- 3:29it
- 3:30gives
- 3:30people
- 3:30a
- 3:31reason
- 3:31to
- 3:31try
- 3:31out
- 3:32a
- 3:32new
- 3:32pharmacy
- 3:33service
- 3:33and
- 3:33to
- 3:33convert
- 3:34their
- 3:34prescriptions
- 3:34over
- 3:35because
- 3:36timing
- 3:36of
- 3:36deliveries
- 3:37is
- 3:37key
- 3:38for
- 3:38pharmacy
- 3:39delivery
- 3:39and
- 3:39that's
- 3:39what
- 3:40still
- 3:40prevents
- 3:40people
- 3:41from
- 3:41wanting
- 3:41to
- 3:41jump
- 3:42into
- 3:42it.
- 3:42But
- 3:42Amazon
- 3:43has
- 3:43the
- 3:43faith
- 3:44in
- 3:44of
- 3:44the
- 3:44consumer
- 3:45and
- 3:45the
- 3:45reputation
- 3:45that
- 3:46they
- 3:46will
- 3:46deliver
- 3:46on
- 3:47time.
- 3:47So
- 3:47that's
- 3:48number
- 3:48one.
- 3:48And
- 3:48then
- 3:48to
- 3:49the
- 3:49second
- 3:49question
- 3:49I
- 3:50asked
- 3:50you.
- 3:51I
- 3:51think
- 3:51I
- 3:51would
- 3:51be,
- 3:52I
- 3:52think
- 3:52I
- 3:53would
- 3:53be
- 3:53really
- 3:53scared
- 3:53if
- 3:53I
- 3:54were
- 3:54a
- 3:54grocery
- 3:54because
- 3:54now
- 3:55it
- 3:55gives
- 3:55Amazon
- 3:56an
- 3:56angle
- 3:57into
- 3:57adding
- 3:57that
- 3:58add
- 3:58on
- 3:58food
- 3:59purchase
- 3:59into
- 3:59your
- 4:00pharmacy
- 4:00order,
- 4:00which
- 4:01is
- 4:01the
- 4:01game
- 4:01they've
- 4:01been
- 4:02playing
- 4:02as
- 4:02of
- 4:02late.
- 4:03You
- 4:03know
- 4:03as
- 4:03well,
- 4:04like
- 4:04just
- 4:04yesterday
- 4:04they
- 4:05did
- 4:05the
- 4:0530
- 4:05minute
- 4:05or
- 4:05less
- 4:06delivery
- 4:06announcement
- 4:07too.
- 4:07So,
- 4:08and
- 4:09as
- 4:09the
- 4:09other
- 4:09point
- 4:10you
- 4:10have
- 4:10to
- 4:10think
- 4:10about
- 4:10here
- 4:10too,
- 4:11Catherine,
- 4:11is
- 4:12the
- 4:12full
- 4:12grocery
- 4:12store
- 4:13stock
- 4:13up
- 4:13trip.
- 4:14You
- 4:15know,
- 4:15for
- 4:15the
- 4:15average
- 4:16consumer
- 4:16there's
- 4:17going
- 4:17to
- 4:17be
- 4:17less
- 4:17and
- 4:17less
- 4:17of
- 4:17those
- 4:18because
- 4:18people
- 4:18aren't
- 4:19going
- 4:19to
- 4:19be
- 4:19eating
- 4:19as
- 4:19much,
- 4:20right?
- 4:21And
- 4:21so
- 4:21it's
- 4:22going
- 4:22to
- 4:22hit,
- 4:22it's
- 4:22going
- 4:22to
- 4:22hit
- 4:22the
- 4:23groceries
- 4:23on
- 4:23multiple
- 4:23fronts.
- 4:24It's
- 4:24going
- 4:24to
- 4:24hit
- 4:24you
- 4:24in
- 4:25terms
- 4:25of
- 4:25RX
- 4:26usage,
- 4:26in
- 4:26terms
- 4:26of
- 4:26the
- 4:26traffic
- 4:27that's
- 4:27coming
- 4:27into
- 4:28your
- 4:28store.
- 4:28If
- 4:28you
- 4:28happen
- 4:28to
- 4:29have
- 4:29a
- 4:29pharmacy
- 4:29in
- 4:30your
- 4:30grocery
- 4:30store,
- 4:31it's
- 4:31going
- 4:31to
- 4:31hurt
- 4:31your
- 4:31number
- 4:32of
- 4:32trips
- 4:32just
- 4:33in
- 4:33general
- 4:33to
- 4:33the
- 4:34grocery
- 4:34store
- 4:34and
- 4:35it's
- 4:35going
- 4:35to
- 4:35hurt
- 4:35your
- 4:35basket
- 4:36size.
- 4:36So
- 4:37this
- 4:37helps
- 4:38me,
- 4:38when
- 4:39I
- 4:39step
- 4:39back
- 4:39from
- 4:39this.
- 4:39It
- 4:40also
- 4:40helps
- 4:40me
- 4:40to
- 4:40understand
- 4:41why
- 4:42companies
- 4:42like
- 4:42Albertsons
- 4:43particularly
- 4:43have
- 4:44made
- 4:44efforts
- 4:44to
- 4:45deliver
- 4:45RX
- 4:46through
- 4:46curbside
- 4:46pickup
- 4:47of
- 4:47late.
- 4:47It's
- 4:47to
- 4:48thwart
- 4:48this
- 4:48coming.
- 4:49And
- 4:49so
- 4:49that's.
- 4:50Those
- 4:50are
- 4:50the
- 4:50type
- 4:50of
- 4:50announcements,
- 4:51it
- 4:51sounds
- 4:51like
- 4:52you're
- 4:52very
- 4:52similar.
- 4:52Those
- 4:53are
- 4:53the
- 4:53types
- 4:53of
- 4:53announcements
- 4:54that
- 4:54I'm
- 4:54going
- 4:54to
- 4:54be
- 4:54keeping
- 4:55my
- 4:55eye
- 4:55on.
- 4:55Because
- 4:55you're
- 4:55right,
- 4:56there
- 4:56are
- 4:56very
- 4:57few
- 4:57people
- 4:58outside
- 4:58of
- 4:58Walmart
- 4:59that
- 4:59on
- 4:59a
- 4:59national
- 5:00scale
- 5:00can
- 5:00compete
- 5:01with
- 5:01this.
- 5:01And
- 5:02you
- 5:02know,
- 5:02and
- 5:03it's
- 5:03not
- 5:03going
- 5:03to
- 5:03help
- 5:03Walgreens
- 5:04and
- 5:04CVS
- 5:04one
- 5:05bit
- 5:05either
- 5:06because
- 5:06they
- 5:06depend
- 5:06on
- 5:06that,
- 5:07on
- 5:07that
- 5:07traffic
- 5:08to
- 5:08those
- 5:08items
- 5:09at
- 5:09the
- 5:09price
- 5:09points
- 5:09at
- 5:09which
- 5:10they
- 5:10carry
- 5:10them
- 5:10too.
- 5:11Right,
- 5:12Right.
- 5:12Yeah.
- 5:13So,
- 5:13I
- 5:13mean,
- 5:13I
- 5:13think
- 5:14with,
- 5:15I
- 5:15think
- 5:15with
- 5:15everything
- 5:16that
- 5:16people
- 5:16are
- 5:16already
- 5:17getting
- 5:17from
- 5:17Amazon,
- 5:18you
- 5:18can
- 5:18add
- 5:18this
- 5:19in.
- 5:19The
- 5:19convenience,
- 5:20the
- 5:21buying
- 5:21power
- 5:22that
- 5:22Amazon
- 5:22has
- 5:23to
- 5:23keep
- 5:23the
- 5:23prices
- 5:24down
- 5:24on
- 5:24this
- 5:25type
- 5:25of
- 5:25drug.
- 5:26I
- 5:26think
- 5:26we'll
- 5:26have
- 5:27to
- 5:27see
- 5:27what
- 5:27happens.
- 5:27But
- 5:27this
- 5:28is
- 5:28going
- 5:28to
- 5:28bring
- 5:28a
- 5:29whole
- 5:29new
- 5:30segment
- 5:30of
- 5:31customers
- 5:31into
- 5:32the
- 5:32GLP1
- 5:34market.
- 5:34So
- 5:35it's,
- 5:35it's
- 5:36going
- 5:36to
- 5:36be
- 5:36interesting.
- 5:36You
- 5:37know,
- 5:37there
- 5:37already
- 5:37has
- 5:37been
- 5:38an
- 5:38impact
- 5:38out
- 5:39there
- 5:39in
- 5:40grocery
- 5:40retail
- 5:40because
- 5:41of
- 5:41GLP1s.
- 5:43You
- 5:43know,
- 5:43I
- 5:43mean,
- 5:44now
- 5:44people
- 5:44are
- 5:44buying
- 5:44more,
- 5:45you
- 5:45know,
- 5:45protein
- 5:45and
- 5:46more
- 5:46health
- 5:46and
- 5:46wellness
- 5:47types
- 5:47of
- 5:47goods.
- 5:48But
- 5:48I
- 5:49think,
- 5:49I
- 5:49think
- 5:50we'll,
- 5:50we'll
- 5:50be
- 5:51able
- 5:51to
- 5:51see
- 5:51probably
- 5:52six
- 5:52months
- 5:53to
- 5:53a
- 5:53year
- 5:53after
- 5:53this
- 5:53rolls
- 5:54out.