‘Adjacents’ Moving into Retail Trading

[kreslik.news]

The obvious starting point is to explain the term “Adjacents” or “Adjacent Businesses”. This is the hit term of 2017 when it comes to global business and it simply means diversification into a similar business line to your core business that is related, but not the same.

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The most common example of this is your regular community pharmacy, while their ostensible business is to sell prescription medication, the wholesale cost of medication, licensing and insurance costs, amongst others, has prompted pharmacies to venture into selling their industry adjacents, being non-prescription medication and ... (read more)