The 9 Industries Amazon Could Disrupt Next

Since 1999, Amazon’s disruptive bravado has made “getting Amazoned” a fear for executives in any sector the tech giant sets its sights on. Here are the industries that could be under threat next.

 
Jeff Bezos once famously said, “Your margin is my opportunity.” Today, Amazon is finding opportunities in industries that would have been unthinkable for the company to attack even a few years ago.

Throughout the 2000s, Amazon’s e-commerce dominance paved a path of destruction through books, music, toys, sports, and a range of other retail verticals. Big box stores like Toys “R” Us, Sports Authority, and Barnes & Noble — some of which had thrived for more than a century — couldn’t compete with Amazon’s ability to combine uncommonly fast shipping with low prices.

Today, Amazon’s disruptive ambitions extend far beyond retail. With its expertise in complex supply chain logistics and competitive advantage in data collection, Amazon is attacking a whole host of new industries.

The tech giant has acquired a brick-and-mortar grocery chain, and it’s using its tech to simplify local delivery, such as machine vision-enabled assembly lines that can automatically sort ripe from unripe vegetables and fruit.

In June 2018, it acquired the online pharmacy service PillPack. Now, it’s building out a nationwide network of pharmacy licenses and distribution with its recently-announced Amazon Pharmacy product.

On its own Amazon Marketplace, the company is using its sales and forecasting data to offer de-risked loans to Amazon merchants at better interest rates than the average bank.

The tech giant has also seen a huge boost from the Covid-19 pandemic, as more consumers are shopping online and staying at home — Q3’20 profit hit $6.3B, up 200% from Q3’19. This gives Amazon even more spending power to tackle new industries.

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To get a view into how Amazon thinks about the future, check out these 23 lessons from Jeff Bezos’ annual letters.

 
It’s all about the cost 

Some of the biggest businesses have built moats based on cost-related advantages.

Take a look at how companies like IBM and Amazon used cost to gain a competitive edge here.

Πηγή: cbinsights.com

 
Plus

Taking on Amazon at its own game

Amazon launched in Sweden earlier this month and, understandably, local retailers braced for impact.

But you know what, the American giant isn’t quite so invincible after all. It has surprisingly low market penetration across much of Europe and is being outpaced by hoards of local competitors.

In the first of a three-part series, we meet the startups taking on Amazon in logistics and in-store technology.

Full analysis from Maija Palmer and Tim Smith here. 

Πηγή: sifted.eu