What is Amazon? by Zack KanterPosted: October 30, 2020
First, what is Wal-Mart?
Few people outside of Walmart realize Walmart’s historical scope of innovation. It built the largest private satellite communications network, enabling unprecedented coordination at enormous scale. Computerized point of sale systems, a massive trucking fleet to enable best-in-class logistics, innovations in EDI, the Sam’s Club format. The list goes on. But all of these innovations were really just developed in order to optimize what was a very simple formula: that is, the selection, pricing, and inventory of SKUs in, say, a 30,000-200,000 square foot store.