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DEC. 24, 2021-JAN. 6, 2022
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YOUR SOURCE FOR BUSINESS NEWS IN SOUTHERN NEW ENGLAND | VOL. 36, NO. 17 | $5
Primary care at CVS? The plan has critics BY MARC LAROCQUE | Larocque@PBN.com
IN A WORLD OF QUICK, convenient services such as Uber, Doordash and Amazon Prime that consumers have at their fingertips, CVS Health Corp. sees a massive opportunity to deliver primary health care services in a modern, frictionless fashion. Some Rhode Island doctors, however, are wary about what the Woonsocket-based pharmacy giant has in mind. CVS outlined its plans for a companywide transformation during an investor summit held in New York City on Dec. 9.
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FOCUS: HEALTH CARE
Supply snags deliver blow to R.I. businesses BY JACQUELYN VOGHEL | Voghel@PBN.com
WITH
CYCLING’S POPULARITY SURGING DURING the COVID-19 pandemic, demand has been sky high at Providence-based outerwear company Cleverhood LLC. That’s because the company designs and produces stylish rain capes that are popular among bike riders, particularly in places such as New York City and in Europe. But while Cleverhood founder and owner Susan Mocarski says demand has swung in her favor, it’s the supply side of the economic equation that’s causing her big headaches right now. Nearly every step of getting rain capes made and into the hands of customers has been slowed by kinks in Cleverhood’s supply chain – a chain that winds its way through China and Vietnam and then halfway around the world to the U.S. The delays and additional costs are preventing Cleverhood from capitalizing on its popularity.
SEE CVS
PAGE 20
BOLD MOVE: Susan Mocarski, owner of outerwear company Cleverhood LLC in Providence, says the company took a big risk early on in the COVID-19 pandemic when it decided to buy a bulk load of inventory, but the move is now paying off as it has allowed the business to keep up with demand for its rain capes despite disruptions in the supply chain. PBN PHTO/ELIZABETH GRAHAM
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