The latest developments at Chewy and Petco have further underlined how important and increasingly competitive online retail has become in 2020. Chewy has issued extremely strong first-half results, whereas Petco is eyeing a sale or initial public offering (IPO) in 2021.
In this podcast, Stonehaven’s Arthur Redpath and Peter McCarthy further underline how the pandemic has affected the sector – from its initial drawbacks to the acceleration of certain trends such as the utilization of digital technology and growing consumer influence.
The trend of European farmers rarely going online to buy feed additives could be declining, according to McKinsey. While farmers in Europe are early adopters in the areas of yield improvement, sustainability and animal welfare, McKinsey suggested their general view of online purchasing has previously been skeptical.
Swedish cancer drug developer Oasmia Pharmaceutical is assessing strategic options for its animal health business. The firm said it will consider partnering, licensing and divestment of its animal health pipeline, which features two under-development companion animal oncology drugs.
IDEXX Laboratories has highlighted the role veterinary diagnostics are playing in the companion animal market’s ongoing robust recovery. The company has emphasized the stronger-than-expected comeback being witnessed by vet clinics that are moving back to normal levels of revenues, after the early stages of COVID-19 notably reduced visits.