Amazon’s Grocery Business Is About Transportation, Not Groceries
Amazon’s online grocery service, AmazonFresh, is gaining ground with customers who want to restock their pantries without leaving home. But Amazon’s true focus is building its transportation capacity, according to Jim Tompkins, CEO of Tompkins International, in a new podcast titled “What Business Is Amazon In? The Answer Will Change Your Thinking.”“Amazon is not in the grocery business,” says Tompkins. “They are in the technology business, the retail business, and for 51 percent of all Americans, they are in the transportation business.” …