Amazon possesses a strong and growing ecosystem of products and services. Furthermore, the more products and services Amazon sells, the more customer-specific information the company has to feed its Artificial Intelligence (AI) systems to help generate more sales.Ģ. Current market leadership position grants the tech giant upper hand in the competition in a number of ways such as economies of scale and brand recognition. Dubbed as The Everything Store, Amazon sells hundreds of millions of products of its own and third-party sellers. The e-commerce giant generated USD 386 billion revenues and earned a net income of USD 21,3 billion in 2020 alone.
Amazon is an undisputed market leader in online retail and cloud computing segments.
Andy Jassy failing to fill Jeff Bezos shoes effectivelyġ. Patent infringement and other lawsuits against the companyĤ. Developing more local sites in international marketsġ. Increasing physical presence of the brandĤ. Increasing focus on own brand products and servicesģ. Diversification of e-commerce business segmentĢ. Working conditions for warehouse workersġ. Damage to the brand image due to tax avoidance controversies in USA, UK and Japanĥ. Weak competitive position of Amazon’s Fire PhoneĤ. Cost leadership due to efficient cost structureģ. Strong ecosystem of products and servicesģ. The following table illustrates Amazon SWOT analysis:Ģ. Moreover, it is important for the company to take advantage of opportunities and adopt a proactive approach in dealing with threats in the marketplace. Amazon, as the e-commerce and cloud computing company worldwide needs to build upon its strengths at the same time reducing negative impact of its weaknesses on the bottom line.
#Undisputed 2 amazon update#
Update July 30th, 9:35AM ET: Updated to clarify that the Luxembourg commission is imposing the fine, and to add a statement from Amazon.SWOT is an acronym for strengths, weaknesses, opportunities and threats related to organizations. The decision relating to how we show customers relevant advertising relies on subjective and untested interpretations of European privacy law, and the proposed fine is entirely out of proportion with even that interpretation. We strongly disagree with the CNPD’s ruling, and we intend to appeal. There has been no data breach, and no customer data has been exposed to any third party. Maintaining the security of our customers’ information and their trust are top priorities. In a statement given to The Wall Street Journal, Amazon says, “the proposed fine is entirely out of proportion with even that interpretation.” The WSJ notes that GDPR (General Data Protection Regulation) regulations allow for fines of up to 4 percent of a company’s revenue, with the released number amounting to about 4.2 percent of Amazon’s reported $21.3 billion income for 2020. The CNPD has not publicly committed on its decision, and Amazon didn’t specify what revised business practices the commission is proposing.ĮU commissioners announced in November 2020 that it was their belief Amazon’s retail business misused non-public data to compete with other sellers in France and Germany.
That converts to about $887 million US, which would be the largest fine ever under Europe’s data protection law. The largest GDPR fine to date was a €50 million penalty handed to Google
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