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Swot Analysis Of Cvs Pharmacy

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Company’s Quick Facts
• Headquartered in Woonsocket, RI, U.S.
• Largest pharmacy health care provider in the U.S.
• Approximately 200,000 employees in 46 states, District of Columbia and Puerto Rico
• CVS/pharmacy has over 7,800 retail drug stores in 44 states
• CVS/pharmacy serves 5 million customers everyday in its retail pharmacies
• CVS Health employs more than 24,000 pharmacists across our company
• CVS Health is approaching 1,000 MinuteClinic locations with a goal of 1,500 by 2017
• CVS/MinuteClinic nurse practitioners have seen more than 25 million patients to date, with a 95 percent Customer Satisfaction Rating
• CVS Health has 27 specialty pharmacies that support individuals requiring complex and expensive drug therapies
• CVS Health …show more content…

Since 2008 CVS is continuously measuring and reporting its GHG emissions and is trying to reduce its energy use, water use and waste. Standards laid down by the World Resources Institute and the World Business Council for Sustainable Development informs CVS about the boundaries of its carbon footprint, which encompasses all its U.S. retail stores, MinuteClinic locations, distribution centers, and corporate facilities, as well as emissions from business travel, product delivery and refrigerants. CVS has achieved 11% reduction so far toward its carbon intensity goal of 15% by …show more content…

It should also do the same in corporate offices where the usage of light is also high.
2) CVS must also consider buying energy efficient electronic and electric equipment and replacing them with more efficient ones on regular basis.
Waste Water – Photo Processing Service
A major focus area for the retail stores is managing the waste produced from their photo-processing services. CVS is in the process of converting all stores with chemical based photo-development processors to dry digital processors. The ink cartridges from dry digital processors do not require special handling or contain materials considered hazardous. Since inception, CVS has converted nearly 3,200 stores, including 838 stores in 2014, to digital photo processing. It plans to convert another 757 stores in 2015, which will complete its nationwide transition to digital photo processing.
Recommendation
1) CVS should also look for new technology to use recycled paper for photo printing.
Water
The vast majority of the water CVS uses come from United States municipal water systems. Its biggest impact, accounting for 45% of its water use, results from the water we use for irrigation systems to maintain landscaping. We have since begun to assess irrigation requirements for our new

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With more than 9,600 stores, the chain currently holds a market share of 23.9% (Feroldi, 2016). Importantly, CVS's market share actually grew by 245 basis points recently, thanks to last year's $1.9 billion purchase of Target's pharmacy and clinic business, a move that expanded its retail footprint count by more than 20% (Feroldi, 2016). Its size and expansion strategy are two important aspects that make the company more valuable. Although retailers in general have been under pressure in recent years from e-commerce threats, CVS Health's retail stores are well-positioned to continue to success. The company's network of in-store clinics offer basic medical services to treat minor diseases, something that e-commerce cannot match.

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