By Pam Odumusi

Recently, online retail giant Amazon announced that they were buying Whole Foods, a business which is completely reliant on physical stores, for a whopping $13 billion. The news sent the stocks of other food chains plummeting, which was no surprise as competing against a business with a radical model like Amazon’s is terrifying…suicidal really.

The scariest realisation for competitors is that Amazon probably do not have any interest in actually making a profit off avocados and wholegrains, their main goal is collecting more data. It’s natural to think of Amazon as retailer but their focus always has been and Read full story ›

Source: The Drum