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The Intelligence from The Economist

Past its Prime? Amazon comes of age

The Intelligence from The Economist

The Economist

News, Global News, Daily News

4.53.7K Ratings

🗓️ 23 June 2020

⏱️ 24 minutes

🧾️ Download transcript

Summary

The pandemic has been great for sales; for profits, not so much. We examine the e-commerce giant’s prospects as it adapts to a changing world. Throughout history pandemics have helped to shape human conflicts, and covid-19 is no different. And reflecting on the life of an Amazonian storyteller, medicine man and unlikely film star.

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Transcript

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0:00.0

Hello and welcome to the Intelligence on Economist Radio. I'm your host, Jason Pauler.

0:09.8

Every weekday we provide a fresh perspective on the events shaping your world.

0:17.7

From cramped trenches to packed ships, the theatre of war is an ideal breeding ground for

0:22.8

pathogens. But our Defence Editor argues it's not just that disease is a greater risk

0:28.2

during conflict, it's that disease can change the conflict itself.

0:33.5

And as the Amazon was defiled and colonized, Antonio Bolivar tried to convey that it

0:38.9

was the precious lungs of the world. Our obituaries editor looks back on his life as a keeper

0:44.4

of tribal stories and natural medicines and as an unlikely film star.

0:56.0

But first, a different Amazon. This week, Amazon is holding its first sale event of the

1:04.3

pandemic. Typically, Prime Day in July would be the big summer sale, but this year it's

1:10.2

been pushed back to September. Just a few months ago, encouraging people to buy wasn't the

1:15.8

company's problem.

1:16.8

It's boom time for Amazon. There's many people turn to online ordering to get supplies

1:21.4

during this outbreak.

1:22.7

As it's to the Amazon website, are up 32% compared to a year earlier.

1:28.4

Experts are predicting revenues of up to $73 billion in the first quarter alone.

1:34.8

Even with a dozen new planes and 175,000 new workers, pandemic panic buying wreaked havoc

1:41.2

with Amazon's delivery timelines.

1:43.2

What Amazon is trying to accomplish now is sort of like Black Friday or Cyber Monday happening

1:47.8

every day and they didn't have months to prepare.

1:51.3

The company says it's now giving priority to medical and household supplies.

1:56.2

Select products on Amazon are either unavailable or won't be delivered for weeks.

...

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