UPS delivers pharmacy prescriptions by drone

November 11, 2019

The U.S. healthcare system is being pushed towards a less costly, more efficient model and the debate about how to do it continues to be in the spotlight of the 2020 election campaign.

One area where hospitals and insurers see savings is in healthcare logistics, which refers to the distribution of supplies and consumables to hospitals, doctors, and pharmacies. It also includes the just-in-time delivery of temperature-sensitive drugs, biologics, and organs and tissues used in transplants.

Among the biggest players in this field are shipping companies like UPS. UPS is the world’s largest package delivery company, with a market capitalization of US$87.6 billion. It operates in 220 countries and territories and employs 481,000 people. Its operations include a cargo airline, freight-based trucking, and 5,000 franchised UPS stores.  

UPS has been testing the use of unmanned drones to deliver medical supplies to remote places and also between hospitals in North Carolina.

It is expanding that initiative. Two weeks after unveiling a partnership to explore drone shipments of drugs with CVS Health Corp., the companies have completed the first commercial medical prescription drone delivery in the US under a Federal Aviation Administration-approved program.

A drone finished two short, autonomous flights to customers’ homes near a CVS store in Cary, North Carolina. The prescriptions were lowered via a cable while the drone hovered about 20 feet about each address.

UPS said one of the packages was delivered to a customer with limited mobility, which makes it difficult for them to make the trip to a nearby store. A UPS drone operator who was on hand to take over the flights if needed. 

The Raleigh News & Observer captured the flight with a video.

UPS is combining its traditional competency with new technologies to give it an edge. These initiatives show how it is adapting to new technologies to maintain its dominance.

UPS is a component of the Harvest Brand Leaders Plus Income ETF (TSX: HBF, HBF.U).

As of Oct. 31, 2019, the actively managed fund held 20 global brand leaders who are the dividend elite, with an average portfolio dividend yield of 2.00% and a current distribution yield of 6.93%. Distributions are paid monthly and are payable as cash or through a Distribution Reinvestment Plan (DRIP). The ETF’s management fee is 0.75.

Many of the companies involved in creating logistics and transportation software for companies like UPS can also be found in the Harvest Tech  Achievers Growth & Income ETF (TSX: HTA)

For more information about Harvest ETFs and Harvest Portfolios Group Inc., please visit www.harvestportfolios.com

The views and/or opinions expressed in the blog are of a general nature and are for informational purposes only. Blog contents should not be considered as advice and/or a recommendation to purchase or sell the mentioned securities or used to engage in personal investment strategies. Investors should consult their investment advisor before making any investment decision.

You may also like…

Disclaimer

You will usually pay brokerage fees to your dealer if you purchase or sell units of the Fund(s) on the TSX. If the units are purchased or sold on the TSX, investors may pay more than the current net asset value when buying units of the Fund(s) and may receive less than the current net asset value when selling them. There are ongoing fees and expenses associated with owning units of an investment fund. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated. An investment fund must prepare disclosure documents that contain key information about the fund. You can find more detailed information about the fund in these documents.

Certain statements in the Harvest Blog are forward looking Forward-looking statements (“FLS”) are statements that are predictive in nature, depend upon or refer to future events or conditions, or that include words such as “may,” “will,” “should,” “could,” “expect,” “anticipate,” “intend,” “plan,” “believe,” or  “estimate,” or other similar expressions. Statements that look forward in time or include anything other than historical information are subject to risks and uncertainties, and actual results, actions or events could differ materially from those set forth in the FLS.

FLS are not guarantees of future performance and are by their nature based on numerous assumptions, which include, amongst other things, that (i) the Fund can attract and maintain investors and have sufficient capital under management to effect their investment strategies, (ii) the investment strategies will produce the results intended by the portfolio managers, and (iii) the markets will react and perform in a manner consistent with the investment strategies. Although the FLS contained herein are based upon what the portfolio manager believe to be reasonable assumptions, the portfolio manager cannot assure that actual results will be consistent with these FLS.

Unless required by applicable law, Harvest Portfolios Group Inc. does not undertake, and specifically disclaim, any intention or obligation to update or revise any FLS, whether as a result of new information, future events or otherwise.

Subscribe to our newsletter and stay informed

Join Us & Stay Informed!

* indicates required

Your Preferences   (Please select all the ways you would like to hear from)


You are a *


Confirm *