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I don't mean to be a naysayer, I don't really know what this means. But with all of the euphoria I'm hearing regarding Amazon and the doom-and-gloom regarding "
by dkrich 9y ago
I don't mean to be a naysayer, I don't really know what this means. But with all of the euphoria I'm hearing regarding Amazon and the doom-and-gloom regarding "traditional" grocers, I can't help but remind myself how horribly bad people are at predicting the future. Most of the people I'm hearing make predictions about what this means have been wrong about everything to this point.
Not saying it won't be a game-changer, but it is fascinating to watch people extrapolate this out to the extremes as soon as the news hits the ticker.
To put it another way- if it were that obvious that buying Whole Foods was going to make Amazon the dominant grocery seller, why weren't people predicting that they would do it all along and asking what they were waiting for? It isn't until Amazon acts that people say "Oh yeah, that was the right move."
- omarchowdhury 9y agoScott Galloway predicted AMZN buying WFM last month: http://www.businessinsider.com/scott-galloway-explains-exactly-why-amazon-would-acquire-whole-foods-retail-acquisition-billions-2017-6 http://www.businessinsider.com/scott-galloway-explains-exact...
- dkrich 9y agoI saw this and I give him credit although I think his idea that Amazon will be the only winner is pretty irrational. Less than 10% of purchases made today are online and even with that number growing, there are lots and lots of very smart companies with tremendous resources who can compete, not to mention lots of very smart people who can innovate in this space in ways Amazon won't think of and disrupt them. It happens virtually every time a newcomer is predicted to become monopolistic.
- omarchowdhury 9y agoI agree, he also has a video where he posits that Amazon will kill brands, and make brands obsolete. I don't think we will ever live in a world where every product is manufactured and packaged by Amazon. Sure Amazon would love that outcome, but it goes against the consumers need for choice, and then there's also the fact that brands have the resources to compete like you mentioned.