business news in context, analysis with attitude

•  From the Seattle Times:

"Amazon captured 29% of global order volume in the final two weeks before Christmas, up from 21% the week of Thanksgiving and Black Friday, according to Route, a package-tracking app that captured holiday season data from 55 million orders."

The story notes that "Amazon’s share of online orders spiked in the final days of the holiday shopping season, demonstrating how big investments in delivery speed paid off with procrastinating shoppers looking for a wide selection of products they could get quickly … Amazon CEO Andy Jassy has touted speedy delivery as a key competitive advantage, saying shoppers are more inclined to buy something if they get it quickly. The company’s logistics prowess has become increasingly important amid rising competition from such stalwarts as Walmart, as well as Chinese e-commerce upstarts like Temu, Shein and TikTok, which offer steep discounts but can take a week or more to deliver packages."