Grocery: For the archives -- Amazon announcing it will buy Whole Foods. I am excited about this on so many levels.
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Disclaimer: I own no shares in Amazon or any company directly impacted by this announcement. I am a spectator and that's all. I love the deal because this may signal the beginning of E-Commerce 3.0.
Disclaimer: I am an Amazon Prime member.
When Amazon began selling books, that was the beginning of E-Commerce 1.0.
When Amazon become mainstream, and introduced Amazon Prime, that was the advent of E-Commerce 2.0. If that's a stretch, then certainly when Wal-Mart began its on-line operations, we were into E-Commerce 2.0.
Amazon entering the on-line grocery business, this suggests to me we are now seeing the beginning of E-Commerce 3.0.
I've been disappointed that retailers, including Wal-Mart, have not been able to figure out e-commerce better than Amazon, and even worse, have not been able to figure out e-commerce grocery. This should light the fire under a lot of retailers -- they better get their e-commerce figured out fast.
The next target: drugstores? I think the vast majority of buyers of pharmaceuticals are seniors. This group, as much as millenials, would like home delivery.
Another target: fast-foods? Panda Express? Burger chain? Taco chain? I believe I heard Jim Cramer say that one of Uber's biggest businesses is UberEATS.