Update from Amazon CEO Andy Jassy on Generative AI
Written by Andy Jassy, CEO of Amazon, and published today (17 June): (The message below was ...
WTC: RIDE THE WAVEFDX: TOP EXEC OUTPEP: TOP PERFORMER KO: STEADY YIELD AND KEY APPOINTMENTAAPL: SUPPLIER IPOCHRW: SLIGHTLY DOWNBEAT BUT UPSIDE REMAINSDHL: TOP PRIORITIESDHL: SPECULATIVE OCEAN TRADEDHL: CFO REMARKSPLD: BEATING ESTIMATESPLD: TRADING UPDATEBA: TRUMP TRADE
WTC: RIDE THE WAVEFDX: TOP EXEC OUTPEP: TOP PERFORMER KO: STEADY YIELD AND KEY APPOINTMENTAAPL: SUPPLIER IPOCHRW: SLIGHTLY DOWNBEAT BUT UPSIDE REMAINSDHL: TOP PRIORITIESDHL: SPECULATIVE OCEAN TRADEDHL: CFO REMARKSPLD: BEATING ESTIMATESPLD: TRADING UPDATEBA: TRUMP TRADE
A fascinating article on Observer.com, suggesting that Walmart was at least partly behind FedEx’s decision to dump Amazon as a domestic express customer. As author Brittain Ladd argues, while the contract was small, it was still worth some $850m – revenue that could be replaced by Amazon’s strongest US competitor, Walmart. Walmart and FedEx already have a strong relationship, with FedEx expected to supply the bulk of the retailer’s packages. It would also leave Amazon potentially in the lurch in peak season, unable to rely on FedEx for additional capacity. Expect more Amazon Air deals with Atlas and ATSG, says Mr Ladd. And he ends on a zinger: how can Amazon disrupt the market further? By buying the US Postal Service – something that no doubt will have Trump choking on his burger.
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