Amazon: world’s most innovative company in 2017

Category: Business/Innovation

Industry: Retail/ Online

Location: Global

Why is Amazon the world’s most innovative company in 2017?
– It is active in every sector/ gentrified all of them -> groceries, fashion (the second-largest seller of apparel in the U.S.), video (Prime Video became available in more than 200 countries), audio and so on.

– According to a survey of nearly 3000 Independent businesses, Amazon is considered as their biggest threat. (The study also found that Amazon’s expansion in 2015 led to a net loss across all businesses of 149,000 jobs).

– Free two-day shipping for millions of products.

–  Tens of thousands of items available at your door in less than an hour through Prime.

– Became the largest online store in India.

-Made its first delivery by autonomous drone in the United Kingdom

– A restless rethinking of logistics, embodied by for example their new fulfillment center that features high-tech robots working alongside human workers like a factory of the future.

-Amazon Go –>  a convenience-store concept the company announced in December (it will launch publicly in Seattle in early 2017). After a shopper swipes a code on her mobile phone at the entryway turnstile, she can grab whatever items she likes; which will then be added to her digital cart and automatically paid for when she leaves, through her existing account. Outcomes–>skip the line, cash registers. The concept will be made possible thanks to Amazon’s cloud computing, machine learning, voice control, and logistics mastery.

 -Amazon delivery drones might one day cut delivery time down to 30 minutes or less.