1. The results of the second quarter PPS Profession Confidence Index survey of over 120 pharmacists reveal that attitudes towards the expansion of pharmacies in large retail businesses are steadily changing. In summary For factors discussed above, the pharmacy retail market is currently offering good structural growth relative to the overall retail sector in South Africa and is therefore an attractive area for long-term investors. Accurate, reliable salary and compensation comparisons for South Africa Having a 360 degree supply chain will be the way for forward for retailers to lower prices and open up a channel of dialogue with suppliers – showing the process from initial materials used to the end product delivery. The industry faces the challenge of expanding access to and affordability of drugs, on the one hand and growing South Africa's drug manufacturing capacity on … As many as seven of the top 30 countries that achieved significant retail growth across last year were African, whereas South Africa … Yes, Amazon is officially in the pharmacy game – buying PillPack in June 2019 for $US753million. Accurate, reliable salary and compensation comparisons for South Africa Following the legalisation of cannabis for private use, the first medical cannabis cultivation licences have been awarded. Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. The masstige positioning of beauty and (more than ever) wellness products will be a trend increasing footfall into pharmacy and retail, helping to drive sales. It’s largely through their health and beauty sales (increased by 10.5%) driven by differentiated product offers (think masstige) that Clicks’ success has been noteworthy. In South Africa, the pharmaceutical industry has been in a state of flux since the end of apartheid. Enterprise Development and Social Economic Development4.2. Retail Pharmacist. Pharmacy and Retail trends to expect in 2018. Eben Esterhuizen, General Manager, OnShelf Pharma. Successful pharmaceutical retailers of the future will have (in stock and online) products needed by sixty year olds and above. OnShelf Pharma’s foundation is built by an FMCG specialist and has a culture of tenacity with a smart solution oriented approach. However, that growth might be affected by economic instability and additional labor disputes within the mining industry. South Africa: Retail Pharmacy Faces Quandary. Although a greater variety of products is available in the private sector, the public health sector consumes the largest volume of pharmaceuticals. Outlook9. Industry Associations10. from 8 AM - 9 PM ET, HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, https://www.researchandmarkets.com/r/o8i01s. To be successful in today’s market, you … Corporate Actions4.1.2. Retail Pharmacy or Drugstore - Hourly Rate - Get a free salary comparison based on job title, skills, experience and education. by fatima karrim | Nov 12, 2019 | Articles | 0 comments. This is another game-changer with the retailer pivoting to support and improve employee healthcare. Currently, the public sector provides health care for 80% of the population and accounts for approximately 48% of total health care spending. South African retailers look to expanding outside the continent – Retailers such as The Foschini Group (TFG), Shoprite Holdings and The SPAR Group are targeting expansion beyond South Africa, looking as far as Europe and Asia Pacific; looking to expand into areas that show recovery and provide access to an established consumer base. Accurate, reliable salary and compensation comparisons for South Africa In 2015 Aspen had a market share of 15.3… Labour Resources5.3. DUBLIN, June 6, 2019 /PRNewswire/ --  The "The Pharmaceutical Industry in South Africa 2019" report has been added to ResearchAndMarkets.com's offering. Here are six pharmacy and retail trends to expect in 2020. The South African trade industry is made up of five divisions: wholesale, motor, accommodation, food and beverages (i.e. A fine example of a business integrating employee technology and training to great benefit is Walmart and with $514 billion in annual revenues they’re doing okay. In Retailing 2020: Winning in a Polarized World Kantar Retail and PWC outline how successful retailers of the future will focus on three things: Creating a retail environment “without walls” speaks to the point of transparency with the consumer. E-commerce remained the most dynamic area of retailing in South Africa in 2019, with mobile e-commerce seeing especially strong growth. Regulations4.1.3. Barriers to Entry7. The decline of the independent pharmacy. Laura Wood, Senior Manager [email protected]  For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716, Cision Distribution 888-776-0942 Stats SA takes a look at five facts that you might not have known about the retail trade industry. M-kem pharmacies have wide range of products to offer, beauty care, skin care, orthopedic, surgical, and they also provide medical aids. Everything from the growth of preferred networks to a shortage of primary care providers i is changing how your pharmacy cares for patients—and how much revenue you can bring in. South Africa’s pharmacists have voiced their concern over the impact that the expanse of pharmacies in large retail chains is having on their profession, according to a new survey conducted by PPS. These laws have driven the price of medicines downward and as a result a number of pharmacies have closed down. retail pharmacist jobs in South Africa Create Alert. International5. However, Dis-Chem moved quickly to dispel the claim with repeated In addition, China’s biopharmaceutical sales grew almost 25% annually from $9.4 billion USD from 2012 to 2016 and if it continues to grow at the expected rate, the sales volume will be $48.8 billion USD by 2021. A World without Walls. A growing trend that South African pharmacies are now following is the deployment of electronic shelf labels (ESLs). The retail industry has commended the government and law enforcement for its efforts in ensuring a decline in business, bank and CIT robberies. The pharmaceutical industry provides the vital service of providing medication to the South African population and was valued at between R42.6bn and R45bn in 2016. Pharmacy Management System Market to 2027 - Global Analysis and Forecasts By Component ; Deployment ; Size , and Geography : February 2020 $ 4550 Pharmacy Benefit Management Market in US - Industry Outlook and Forecast 2020-2025 : June 2020 $ 3500 Mail Order Pharmacy Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Drug Type ; Product ; Mode of Order, and Geography They’ve reported a 10% improvement in retention among the more than 400 000 workers who have graduated from the programme. According to the South African Pharmacy Council, there are 3 082 registered community pharmacies in South Africa.14 The data therefore represented approximately 10% of all community pharmacy dispensing records in 2013. With pharmacies and prescriptions available at US Wal-Mart stores one wonders how long it will be before Mass Mart Holdings in South Africa (owned by Wal-Mart) will be doing the same? Starting Date: 1 January 2021. Membership is voluntary and includes a broad representation of foreign multinational pharmaceutical companies and local companies, both large and small. South Africa is ranked number 46 in the list of global exporters of pharmaceutical products. “The concept of a wall-less, omnichannel retail world underpins many of the drivers, trends, and strategies that will evolve by 2020.” Kantar.com. A.T.Kearney’s latest Global Retail Development Index reveals that the rest of Africa appears to be performing particularly well in contrast. All of these issues are discussed in detail in the report.Report Coverage: This report on the pharmaceutical industry describes the industry, its size, new developments and factors influencing its success. The pharmaceutical market was valued at R 45 billion and the private sector holds 84%, while the public sector has 16% in value share. As FastCompany says, “Ads geared toward older consumers tend to be condescending at best, offensive at worst.” It’s the same with many pharmacy retail options for the older generation – although growth in healthcare is largely because of us living longer. We are the who, what and where of healthcare. Braamfontein, Gauteng. Retail Pharmacy or Drugstore - Salary - Get a free salary comparison based on job title, skills, experience and education. “83% of the retail decision makers and 74% of the store associates surveyed agreed that shoppers will have better experiences when associates are equipped with technology.” Global Shopper Study, Zebra Technologies. The report profiles 88 companies including newcomer Inicio, which recently secured a licensing agreement with German firm Fluxpharm. Fact 1: South Africans spent R31 900 per second in retail … The pharmaceutical sector, which researches, develops, markets and distributes drugs, as part of the wider healthcare system, is valued at R50bn at …