How Drugstore Chains Can Help Displaced Workers

1

I have a proposal on how big drugstore chains such as Mercury, Watsons, TGP, Rose, South Star, and more can help retrenched employees get their medicines for free without costing them a single centavo (no, it’s not asking for them from suppliers!).

Like when rounding off tips in restaurants, drugstore chains should allow customers to round off their purchase amount with a balance allocated to those who can’t afford medicine during the pandemic. This will help the retrenched cope temporarily. The only extra effort needed is an IT entry in the system.

With 1% of sales as “retrenched employee assistance,” I estimate at least P1 billion from this drugstore initiative temporarily allocated to help 1 million people continue to take critical medicine. At 2% (P20 for every P1,000), P2 billion public donations can help 2 million of our brethren.

Remember that close to 8 million individuals are already jobless in the Philippines as of April 2020 and the Trade Union Congress of the Philippines (TUCP) estimates that number will go up to 12 million before the end of 2020.

The only role for drugstores in this initiative is to plan for execution and ensure the right people receive the benefits. I hope P1 billion in addition sales and especially goodwill is worth these efforts.

One thought on “How Drugstore Chains Can Help Displaced Workers

  1. Hi Joe,

    Actually that is a great idea. In one of the US’s brick and mortar / online store for example, there is an option for the customers to tick on their cart checkout or ask the cashier on the store and be able to round off their total shopping charges and the business keep those balance or supposed to be “change” for their beneficiary organization.

    The company are as follows:
    Hot Topic (hottopic.com)
    BoxLunch (boxlunch.com)

    Those are Pop Culture stores in US and still thriving even during pandemic without pivoting.

Leave a Reply

Your email address will not be published.

Next Post

A Quick Guide to Economic Recovery from Spanish Flu, SARS, and COVID-19

Mon Aug 10 , 2020
The COVID-19 pandemic is still ongoing. There are over 733,000 deaths as of writing, over 900 times more than the SARS outbreak of 2003.  I have compiled a table of comparison below for easier reference, so businessmen and policy makers may learn from history. Spanish Flu SARS COVID19 What is it? A group of three genes enabled the virus to […]

Josiah Go features the movers and shakers of the business world and writes about marketing, strategy, innovation, execution and entrepreneurship

Archives

Send this to a friend