The Intelligence from The Economist
Leader of the package: Amazon turns 30
Jul 4, 2024
Guy Scriven, Technology editor at The Economist, provides an in-depth look at Amazon's remarkable 30-year journey from a small online bookstore to a global powerhouse. Lena Shipper, South Asia bureau chief, highlights the fallout of India's university entrance exam scandal, revealing public outrage and government struggles. The podcast also humorously contrasts these serious topics with discussions about durian, the controversial fruit becoming a geopolitical tool due to its rising popularity in China. Expect a mix of insight and humor!
23:07
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Quick takeaways
- Amazon's success is attributed to customer obsession, innovation, and integration of business units.
- Worker treatment issues and union negotiations pose challenges despite Amazon's exponential growth and achievements.
Deep dives
Innovation and Growth of Amazon Over 30 Years
Amazon, marking its 30th anniversary, has expanded significantly, with a market value surpassing $2 trillion and holding prominent positions in online retail, cloud computing, and advertising. Emphasizing its culture of customer obsession and continuous innovation, Amazon's success lies in integrating various business units to enhance services like Prime Video and retail, backed by substantial investments in R&D and capital spending.
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