Money and Finance
While the regular Prime gets you unlimited two-day shipping for $79 per year, Amazon’s Prime Fresh promises unlimited same-day or next-day early morning delivery of more than 500,000 items—including groceries—for $299 annually (minimum order $35).
If Amazon gets groceries right, the implications are far greater than another convenient option for buying your daily bread. Less than two decades after launching, Amazon could change our basic expectations once again about how we shop for everything. Getting just about any everyday product delivered the same day you place the order would shift from novelty to norm. As with the option to order online, the question would change from “Do you have same-day?” to “Why don’t you?”
But the radical nature of such a change also presents a radical challenge. Succeeding at groceries alters everything else because groceries are the toughest delivery problem to solve. Figure out the math on groceries and the ability to deliver nearly anything else on the same day—books, electronics, baby wipes—becomes a given. That’s because the logistics of grocery delivery are uniquely challenging, say supply chain experts. Amazon is rolling out its experiment in groceries slowly because getting them wrong risks a spike in customer mistrust that would undermine the company’s tightly tended reputation for unwavering competence.
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QE3 is an unprecedented experiment that might help jump-start the economy. But it could also hurt retirees, distort financial markets, and make your groceries more expensive. ...
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Money and Finance
Groceries Could Be Amazon’s Next Killer App — If It Can Solve the Math
This week, Amazon announced the expansion of its experiment in grocery delivery to Los Angeles. The bigger news, however, was the unveiling of a new version of the hugely popular Amazon Prime.
While the regular Prime gets you unlimited two-day shipping for $79 per year, Amazon’s Prime Fresh promises unlimited same-day or next-day early morning delivery of more than 500,000 items—including groceries—for $299 annually (minimum order $35).
If Amazon gets groceries right, the implications are far greater than another convenient option for buying your daily bread. Less than two decades after launching, Amazon could change our basic expectations once again about how we shop for everything. Getting just about any everyday product delivered the same day you place the order would shift from novelty to norm. As with the option to order online, the question would change from “Do you have same-day?” to “Why don’t you?”
But the radical nature of such a change also presents a radical challenge. Succeeding at groceries alters everything else because groceries are the toughest delivery problem to solve. Figure out the math on groceries and the ability to deliver nearly anything else on the same day—books, electronics, baby wipes—becomes a given. That’s because the logistics of grocery delivery are uniquely challenging, say supply chain experts. Amazon is rolling out its experiment in groceries slowly because getting them wrong risks a spike in customer mistrust that would undermine the company’s tightly tended reputation for unwavering competence.
- Jeff Bezos Pays $250 Million For The Washington Post
In an ironic twist for a tycoon whose company has always kept its distance from the press, Amazon founder Jeff Bezos has agreed to pay $250 million cash for The Washington Post. The purchase takes the newspaper out of the hands of the Graham family,...
- What The Fed's Historic Bet Means For You - By Mohamed El-erian
QE3 is an unprecedented experiment that might help jump-start the economy. But it could also hurt retirees, distort financial markets, and make your groceries more expensive. ...
- Making Money While Keeping Prices Low: Amazon Ceo Jeff Bezos Explains It All (mostly)
Found via The Big Picture. Amazon rolled out a new family of Kindle devices today at a press conference in Santa Monica, Calif., including a high-end tablet for only $499. So, how does Amazon do it? How does it keep prices low, while still offering some...
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Amazon.com Inc.'s brick-and-mortar competitors have yet another reason to fear the Web: a new service that lets shoppers compare prices and buy things with a few quick taps on their cell phones.-Amazon TextBuyIt, which launched late Tuesday, lets...
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Amazon's Jeff Bezos already built a better bookstore. Now he believes he can improve upon one of humankind's most divine creations: the book itself.-....................-There's a video demonstration of the Kindle on Amazon HERE.-...................-Although...