MillenniumMart will be the first fully automated, 24 hour convenience store that is more like an enormous dispensing machine than the traditional store.
The Quezon City-based company operates a national chain of more than drugstores, including company-owned and franchised stores. Mercury Drug is estimated to sell as much as 60 percent of all medicines sold each year in the Philippines the country's hospitals sell about 12 percent of medicines.
Mercury Drug's pharmacies follow the American model, combining drug and medical equipment sales with over-the-counter medicines, personal care items, basic household needs, cosmetics and other beauty products, and the like.
Most of the company's stores also are equipped to store and sell serums, blood plasma, albumin, and similar biologically active medical products. In addition to its drugstores, Mercury operates a chain of Mercury Drug Superstores.
Generally attached to the company's pharmacies, the Mercury Drug Superstores extend the group's assortment to include convenience store and fast-food items. Founded by Mariano Que, who first sold pills from a pushcart in the s, Mercury Drug Corporation remains a privately held company.
Leadership of the company also remains in the family: There he came into contact with many medications, including the newly discovered class of sulfa drugs, including sulfathiazole. These new drugs, developed by German scientists in the early s, were quickly hailed as new "miracle" drugs.
Indeed, the sulfa drugs enabled the treatment of many illnesses, such as pneumonia, gonorrhea, and other bacterial infections, that previously had been difficult, if impossible, to treat.
Despite the fact that the sulfa drugs later were shown to have a number of undesirable side effects they formed deposits in the kidneys, and bacteria quickly became resistantthey were credited with saving millions of lives around the world through World War II.
The end of the war and the liberation of the Philippines by U. During the occupation, supplies of medicines had become scarce, and the immediate postwar period saw a surge in demand for sulfa drugs, and sulfathiazole, considered by many to be a virtual cure-all.
With most of the country's businesses, including its pharmacies, destroyed during the war, much of the country's trade shifted to its busy marketplaces. Mariano Que, inspired by the new entrepreneurial spirit, used his drugstore experience to launch his own business.
At first, Que bought and sold medical vials and capsules. Que brought the sulfathiazole bottle to Manila's busy Banbang market and sold the pills—in single doses. The method of selling, known as "Tingi-tingi," became extremely popular in the poverty-stricken Philippines, bringing life-saving medications within financial reach of many more people than before.
Que invested his profits in purchasing more pills, and before long he had generated enough revenue to buy a pushcart, which he filled with an expanding assortment of pharmaceuticals.
The unregulated nature of the country's drug market, especially its pharmaceutical black market, led to abuses by sellers, who sometimes peddled fake or dangerous formulations, or sold medications long out of date, often at extortionist prices.
Que, however, built a reputation for the quality and freshness of his products, and also for the fairness of his prices. Before too long, he had built up a steady clientele, and in MarchQue opened his first store.
Que named the Bambang-located store Mercury Drug, after the Roman god and bearer of the caduceus, the symbol of the medical profession. Branching Out in the s Mercury Drug remained a one-store operation into the s. In the meantime, Que continued to drive innovations in the Filipino pharmacy sector.
Infor example, Que began a drug delivery service, becoming the first to use motorized vehicles for swifter delivery times. In the s, Que expanded his store hours, introducing a hour-per-day, seven-days-per-week opening schedule. Part of the motivation behind the move came in recognition of a Filipino tendency to auto-medicate their illnesses.
By remaining open longer, Mercury Drug responded to its clients' demands for increased access to pharmaceutical products.As Singapore celebrated its 50th year of independence, one cannot help but reflect on what could have been for our own country, the Philippines.
After all, Singapore and the Philippines started as equals back in the s. Records even suggests that the Philippines was the most developed country in. Solar Power Plant Business Plan Pdf Solar Power Plant Rochester Ny 10kw Solar Panel Kit Grape Solar Panel Kit Reviews Solar Panel Cost Per Square Ft So, we're told .
is a good year for retailing in the Philippines. The sustained strong economy in the Philippines led to an increase in consumer spending, which was felt across all retail channels. was a good year for retailing in the Philippines, as the majority of key players increased their outlets and sales, brands emerged to provide more options for Filipinos, and companies continued to improve.
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