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Following Amazon’s acquisition of PillPack in June, Morgan Stanley Analyst Javier Martinez noted that the eCommerce retailer could take on the drugstore market in Brazil. Such a move could bring competition for Brazil drugstore operator Raia Drogasil SA, which is already planning to open 240 stores, Bloomberg reported.
“We argue that investors should start considering potential pharmacy disruption from Amazon,” Martinez wrote. However, he added that Amazon is not a threat in the short- to medium-term. At the same time, he noted the retailer would have to overcome complicated regulatory and logistics hurdles. Still, he noted that “complexity doesn’t mean that it can’t be done, just that it may take longer.”
In June, Amazon announced that it
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