Amazon is a giant in the e-commerce industry that has changed the way consumers shop online. With a wide range of products available at competitive prices, it is no wonder that Amazon is a go-to destination for online shopping. However, the company is always looking to expand its reach and searches for the next big hit. From cloud computing to groceries, Amazon is constantly innovating and entering new markets. In this blog post, we will explore the 5 points to consider as Amazon searches for its next big hit.
1. The Next Big Hit Might Be Health Care
Amazon has recently entered the health care industry with its acquisition of PillPack, an online pharmacy company. The acquisition has allowed Amazon to deliver prescription medications directly to consumers’ homes, providing them with a simple and streamlined experience. Amazon has also partnered with Berkshire Hathaway and JPMorgan Chase to create Haven, a health care venture aimed at reducing health care costs and improving quality of care. With these strategic moves, it is clear that Amazon has an interest in the health care industry and might be looking to expand its reach even further.
2. The Company Might Focus on Video and Streaming Services
Amazon has already made a name for itself in the streaming industry with its Prime Video service. However, the company might be looking to expand its offering by acquiring other streaming services or creating original content. Amazon has already had success with its original shows, such as The Marvelous Mrs. Maisel and Transparent. If Amazon can continue to produce quality content, it might be able to compete with streaming giants such as Netflix and Hulu.
3. Amazon Could Expand Its Reach in Retail
While Amazon is already a major player in the retail industry, there is always room for growth. The company could expand its reach by acquiring more brick-and-mortar stores, especially in the grocery industry. Amazon has already made moves in this direction with the acquisition of Whole Foods, but there might be more opportunities for the company to enter new markets and expand its retail offering.
4. Expect More Innovation in the Tech Industry
Amazon has always been at the forefront of innovation in the tech industry. The company’s cloud computing service, Amazon Web Services, has disrupted the industry and is now a major player in the space. With the tech industry constantly evolving, Amazon is likely to continue to innovate and develop new technologies. Whether it is in the form of artificial intelligence, robotics, or blockchain, Amazon is sure to be a major player in the future of technology.
5. Amazon Could Expand Its Influence in Financial Services
Amazon has already entered the financial services industry with the Amazon Pay service, allowing consumers to make online purchases using their Amazon account. However, the company could also expand its reach into traditional banking services, such as checking and savings accounts, or even offering loans to consumers. With its vast customer base and technological expertise, Amazon could disrupt the financial services industry and create a new way for consumers to handle their finances.
Amazon is a company that is always on the lookout for new opportunities and is not afraid to disrupt industries. Whether it is in health care, streaming services, retail, tech, or financial services, Amazon is likely to be a major player in the future. As consumers, we can look forward to even more innovation and disruption as Amazon searches for its next big hit.