Afternoon Coffee: CVS Upping In-Store Health Hubs; Coupa Reports Quarterly Earnings; DHL Releases Risk Report

CVS Health Corp said it will offer ancillary services such as nutrition counseling and blood pressure screenings in 1,500 stores by 2021. This includes 50 stores this year in Houston, Atlanta, Philadelphia, and Tampa, representing about 15% of the stores in each of the markets, the company said ahead of a meeting on Tuesday with Wall Street analysts and investors in New York.

DHL offers risk mitigation tools to supply chain managers

A new report by DHL looks at the impact of storms and the disruptions they are likely to cause on supply chains across the country.

The report, “Stormy Weather Ahead: A Global Outlook on the 2019 Season,” provides solutions to managers to mitigate risk and anticipate disruption. DHL Resilience360 is a supply chain risk management platform that helps businesses predict, assess and mitigate the risk of supply chain disruptions.

Coupa reports quarterly earnings

Coupa, a provider of spend management software, recently reported that its quarterly “total revenues were $81.3 million, an increase of 44% compared to the same period last year,” according to a release. Subscription revenues, specifically, rose 46% compared to the same period last year.

While the company reported some GAAP losses this quarter compared to the same period last year, according to the release, it raised the guidance on estimated revenue for fiscal year 2020.

Ultimately, “on the business front, in the quarter we increased our cumulative spend under management to nearly $1.2 trillion, an increase of 60% compared to the end of the first quarter last year, as we continue to deliver repeatable, measurable value for customers worldwide,” said Rob Bernshteyn, chairman and CEO of Coupa, in the release.

Software developer for cannabis supply chain raises $3 million

Oakland-based SaaS startup 'Distru' helps track cannabis through its seed-to-sale process. It has now raised $3 million in seed funding led by Felicis Ventures, with participation from Village Global, Global Founders Capital, and other angel investors.

Blackstone will pay GLP $18.7 billion for its U.S. logistics assets

Blackstone and GLP have announced an agreement in which the former shall acquire assets from three of GLP’s U.S. funds for $18.7 billion. This transaction totals 179 million square feet of urban warehousing, nearly doubling the size of Blackstone’s existing U.S. industrial footprint.

"Logistics is our highest conviction global investment theme today, and we look forward to building on our existing portfolio to meet the growing e-commerce demand," Ken Caplan, global co-head of Blackstone Real Estate, said in a statement.

Walmart joins blockchain consortium MediLedger

Retail giant Walmart has joined MediLedger, a group that’s building a blockchain for tracking the origins of pharmaceuticals, further signaling its involvement with blockchain technology. The retailer is already a participant in IBM’s Food Trust, which involves tracking fresh produce through the supply chain.

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