The Goatote Program is Being Tested at CVS Pharmacy and Target
Michael Hemsworth — May 25, 2022 — Business
References: cvs & drugstorenews
The Goatote reusable bag rental program is being tested at CVS Pharmacy and Target locations in New Jersey as part of a shift away from single-use plastic bags. The program makes use of a technology platform from 99Bridges, which works by having shoppers download the app and scan the QR code to rent a bag rather than needing to purchase their own. The program comes at an important time when single-use plastic bag bans are continuing to come into effect as a way to combat the global plastic waste crisis.
Managing Director for the Circular Economy at Closed Loop Partners Kate Daly spoke on the Goatote reusable bag rental program launch saying, "We're excited to see Goatote and 99Bridges' progress and continued work with the Consortium to Reinvent the Retail Bag Partners, such as CVS Health and Target. Their work today builds on the collaboration established through the Consortium, and the collective insights gained from the Beyond the Bag pilots, paving the path forward for more circular bag solutions."
Managing Director for the Circular Economy at Closed Loop Partners Kate Daly spoke on the Goatote reusable bag rental program launch saying, "We're excited to see Goatote and 99Bridges' progress and continued work with the Consortium to Reinvent the Retail Bag Partners, such as CVS Health and Target. Their work today builds on the collaboration established through the Consortium, and the collective insights gained from the Beyond the Bag pilots, paving the path forward for more circular bag solutions."
Trend Themes
1. Reusable Bag Rental Programs - Reusable bag rental programs are a disruptive innovation opportunity that can help in combating the global plastic waste crisis
2. QR Code Technology - QR code technology presents a disruptive innovation opportunity for waste reduction and reusability of shopping bags
3. Circular Bag Solutions - Circular bag solutions are a disruptive innovation opportunity for retailers to incentivize their customers to reduce their impact on the environment
Industry Implications
1. Retail Industry - Retail industry players can leverage reusable bag rental programs and circular bag solutions to promote sustainability and reduce their impact on the environment
2. Waste Management Industry - Waste management industry can offer services to retailers implementing reusable bag rental programs to handle the collection and cleaning of reusable bags
3. Mobile App Development Industry - Mobile app development industry can leverage the growing trend of QR code technology in sustainability efforts to create innovative solutions for businesses and consumers alike
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