2017 ASMI Annual General Meeting with Guest Speaker
When: Tuesday 28 November 2017, 7.30am (event concludes at approximately 10.30am)
Venue: Christie Conference Centre
Address: 3 Spring Street, Sydney in the Han Room
Who: All ASMI Members. Please note that places are strictly limited
Cost: Free of charge - ASMI members only
Dress Code: Business
Please note that this event operates under Chatham House Rule
ASMI Annual General Meeting
At the AGM, members will have the opportunity to find out about ASMI's operations and finances, speak about any items on the agenda, vote on any resolutions proposed, review fiscal information for the past year, elect new board members and ask questions about the operations and finances. While only Official Delegates of ASMI Ordinary Member companies are eligible to vote on items raised at the AGM. We do encourage your attendance as all ASMI members are welcome to participate in discussions and raise any issues.
Guest Speaker: Craig Woolford, Managing Director & Head of Consumer Sector Research Citi
Craig Woolford is Managing Director and Head of Consumer Sector Research at Citi. He has been an investment analyst for over thirteen years specializing in supermarket and discretionary retailing. His goal is to find out what's really going on at companies such as Woolworths, Wesfarmers, Metcash, Myer, JB Hi-Fi and Harvey Norman.He has consistently been ranked top of his field as a sell-side analyst with number one rankings in the Peter Lee survey of fund managers from 2009 through to 2014.
He studied Accounting and Finance at University, but did cut his teeth in retail early on, by stacking the shelves at his local supermarket.
Topic: Amazon and Impact on Australian Market
A recent article in Pharmacy News (below) outlines the impending impact Amazon will have on the Australian Market.
Amazon is coming to Australia, and pharmacy sales could be part of its strategy, say analysts.
The online giant is already recruiting local business partners, although no pharmacy groups have been named.
In the US and UK, it sells discounted medicines and health and beauty products directly or via partners.
Late last year, the Bartells community pharmacy group partnered with Amazon to promise deliveries within two hours of an online order.
Craig Woolford, Citigroup managing director and head of consumer sector research, says Amazon will have a "major impact" on all retailers.
It is expected to take a 2% share of the pharmacy market overall and 10% of online pharmacy sales.
The only retail areas that have been "largely immune" to Amazon so far are home improvements and car parts.
Mr Woolford has projected that Amazon could grow to $3.5 to 4 billion within five years of launching in Australia.