The goal of "The Innovation Conversation" is to explore some facet of the fast-changing, technology-driven retail landscape and how it affects businesses and consumers. It is, we think, fertile territory ... and one that Tom Furphy - a former Amazon executive, the originator of Amazon Fresh, and currently CEO and Managing Director of Consumer Equity Partners (CEP), a venture capital and venture development firm in Seattle, WA, that works with many top retailers and manufacturers - is uniquely positioned to address.
This week, Tom and KC consider the implications of new projections that Amazon's retail sales will be more than Walmart's by 2025; consider the potential highlighted by its recent Q1 results; and discuss an analyst's suggestion that Amazon's "staggering amount of spending should push down delivery times to less than a few hours on millions of products, abolishing the need to shop a retail store for virtually all everyday items … for consumers who do not enjoy or have time to visit a store. The ability to get a product completely on the consumers’ terms…when, where and how they want…looks like it will be a reality in many North American metro areas within the next 24 months."
If you're interested in listening to an audio version this Innovation Conversation, you can do so here (or can download this file):