Just announced, two major Fortune 500 companies will team up to provide prescription delivery via drones to patients living in the USA’s largest retirement community.
Global leader in logistics and business technology, UPS, issued a statement saying they would be joining forces with healthcare giant, CVS, to facilitate drone delivery of prescription medicines.
UPS (NYSE:UPS) and CVS Health Corporation (NYSE:CVS.N) today said UPS subsidiary UPS Flight Forward (UPSFF) will use drones to deliver prescription medicines from a CVS pharmacy to The Villages, Florida for the largest U.S. retirement community, home to more than 135,000 residents. The service will use Matternet’s M2 drone system.UPS press release 4/27/2020
With the current global pandemic there is much more value in services that reduce human interaction. People now tend to prefer delivery options over in-store pick-up. Using drones could greatly reduce the risk of exposure of the coronavirus , especially for at-risk age groups like the elderly.
Past tests of the drone delivery system have proven it is a safe and efficient way to deliver goods. According to PCMag, UPS received approval from the FAA to operate a drone delivery system in 2019. The first prescription medicine delivery was completed in North Carolina a few months later.
The planned service could begin as soon as May, assuming FAA compliance. The success of this project could lead to a complete shift in medicine delivery and may prove the usefulness of drones in shipping.
“Now more than ever, it’s important that our customers have access to their prescriptions,” said Jon Roberts, executive vice president and chief operating officer of CVS Health. “In addition to our in-store pickup, free delivery services and drive through pickup, this drone delivery service provides an innovative method to reach some of our customers.”Jon Roberts, CVS
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The Kroger Family of Companies recently announced an expansion to its Dairy Rescue Program aimed at supporting families during the COVID-19 pandemic. In a press release on April 30th, Kroger said they will process and donate about 200,000 gallons of milk to food banks and community organizations.
With the world experiencing an overall dairy surplus, demand has plummeted and some farmers are being forced to dump unsold milk. The Dairy Rescue Program started by Kroger could allow many dairy farmers to make it through the pandemic.
“This program will not only provide direct financial relief to our farmers and ranchers,” Agriculture Secretary Sonny Perdue said. “It will allow for the purchase and distribution of our agricultural abundance in this country to help our fellow Americans in need.”Sonny Perdue via ABC
Purchases of 200,000 gallons of milk could mean financial stability for Kroger’s farmers. However, donating the milk will have even more impact on society. Millions of Americans are facing hard times due to the coronavirus pandemic. The generosity of food banks and community organizations is a lifeline for many people fighting off poverty.
The expansion of Kroger’s Dair Rescue Program will enable the donation of about 60,000 gallons per month to Feeding America partners. A virtual tidal wave of milk that has an equally great impact on farmers and families.
“At a time when dairy farmers have surplus raw milk, we’re doubling down on our mission to reduce hunger and waste.”Kroger’s Vice President of Manufacturing Erin Sharp via ABC
Kudos to Kroger! It’s great to see organizations and governments doing their part to ensure we all make it through these tough times. Hopefully, this incredible brand of community leadership will catch on.
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Cookies sales are crumbling… and all that lost revenue has caused The Girl Scouts of Alaska to seek federal assistance.
The Anchorage Daily News said in a report that the fear of the girls getting sick was too great and the usual six week season was cut in half. According to one of the two Girl Scout councils in Alaska, there are about 144,000 unsold boxes filling the homes of southern Alaska’s Girl Scout families.
The extreme lack of cookies sales has left the council with few options to support their 20 full time employees. The solution came in the form of a federal Paycheck Protection Program loan which was facilitated by the First National Bank of Alaska.
The hardworking employees of the Girl Scouts of Alaska can now continue to provide the online programs and remain on the board to support the families of Alaska.
The mountains of cookie boxes may also begin to decline. According to CBS, companies including GCI LLC, ConocoPhillips Co., and First National Bank Alaska have made large cookie purchases to help the Girl Scouts.
How sweet is that?!
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The former baseball superstar, Alex Rodriguez, and his equally famous and talented fiance, Jennifer Lopez, may be looking to buy the New York Mets baseball franchise. The couple have reportedly retained the JPMorgan Chase company to raise capital for a potential bid on the New York Mets baseball team, according to Variety.
The current owners of the New York Mets, the Wilpon family, had been in talks with hedge fund heavyweight Steve Cohen last December to sell the Mets, but the deal eventually fell through. The proposed deal valued the New York Mets at a whopping $2.6 billion.
Even with the extensive careers of both A-Rod and J-Lo, the pair only has a combined net worth of about $700 million. The only way they will be able to purchase the team will be with additional financing, which is apparently underway.
This isn’t the only recent example of a former Yankee player involved in buying a Major League Baseball team. Hall-of-fame shortstop and A-Rod’s former teammate, Derek Jeter, recently became partial owner of the Miami Marlins. The final purchase price for the Marlins was $1.2 billion, that’s not even half the price of the Mets valuation.
Only time will tell if Alex Rodriguez and Jennifer Lopez will be able to make a deal for ownership of the Mets.