Delivery Logistics Industry
Thought and Leadership
Amazon.com has grown from a tiny online book seller to a behemoth in the eCommerce space. How did they manage to get as far as they have? Firstly, they managed to weather the dot com bust of the early 2000s - something other eCommerce companies (ala pets.com) could not do. But it was in its penchant for efficiency and innovation that it truly created a competitive advantage.
Last week, Amazon released its earnings report for Q1 2016. Let's just say that afterwards their investors were very happy - the company's sales were up 28% and showed a profit for the fourth straight quarter. Considering its reputation as a free spending, this is quite a feet. It's not that people didn't expect Amazon to have a good quarter, but no one expected it to be this good.