The Intelligence from The Economist Past its Prime? Amazon comes of age
Jun 23, 2020
Tamsin Booth, Technology and business editor for The Economist, analyzes Amazon's shifting market strategies and the challenges posed by the pandemic. Shishang Joshi, Defense editor, discusses how COVID-19 has intensified global conflicts and affected war zones. Anne Rowe, Obituaries editor, shares the captivating story of Antonio Bolivar, an Amazonian storyteller turned film star, who embodies cultural heritage amidst modern struggles. The conversation weaves together e-commerce, war, and the preservation of indigenous narratives.
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Surging Competition
- Amazon faces surging competition from established retailers like Walmart and Target.
- These companies are rapidly expanding their e-commerce presence due to the pandemic.
Amazon's Growth Strategy
- Amazon seeks growth internationally, particularly in Latin America, India, and Asia.
- It also focuses on expanding its grocery services, like Amazon Fresh and Amazon Go.
AWS and Bezos' Influence
- Amazon Web Services (AWS) contributes significantly to Amazon's profits, growing at 33% annually.
- Jeff Bezos, though delegating more, remains influential in the company's direction.