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The Value Chain Constraint

“Walmart was able to integrate wholesale purchasing with an expansive network of stores; this provided a moat of sustainably lower prices for customer driven by purchasing power over suppliers. Amazon, though, thanks to technological innovation — specifically, the Internet — was able to build a different integration in the value chain:”
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Companies

Amazon Hit by Extensive Fraud With Hackers Siphoning Merchant Funds

“Amazon.com Inc. said it was hit by an “extensive” fraud, revealing that unidentified hackers were able to siphon funds from merchant accounts over six months last year.    Amazon believes it was the victim of a “serious” online attack by hackers who broke into about 100 seller accounts and funneled cash from loans or sales […]
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Companies

Bezos Says Third-party Amazon Sellers Are “Kicking Our Butt”

“t’s not often you see a CEO so sanguine about an ass whooping. “Something strange and remarkable has happened over the last 20 years,” Amazon’s Jeff Bezos said in his annual letter to shareholders . “Third-party sales have grown from 3% of the total to 58%. To put it bluntly: Third-party sellers are kicking our […]

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Companies

Amazon.com Announces Fourth Quarter Sales up 20% to $72.4 Billion

“Operating cash flow increased 67% to $30.7 billion for the trailing twelve months, compared with $18.4 billion for the trailing twelve months ended December 31, 2017. Free cash flow increased to $19.4 billion for the trailing twelve months, compared with $8.3 billion for the trailing twelve months ended December 31, 2017.”