Amazon have taken over Whole Foods and surprised the market with the speed of changes. Kevin Hua, Co-founder of AtlasTrend, looks at the acquisition and how it will create more changes to how we use shops.
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Amazon are taking on two fronts for one deal when buying Wholefoods. These are global trends changing right through to the phone in our pockets and a part of the investment world that Kevin Hua from AtlasTrend knows well. Listen to the interview with Christopher Hall of Arrow Securities Group to hear Kevin’s insights.
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What changes to expect from Amazon’s purchase of Whole Foods?
- Amazon is going to operate Whole Foods as a separate entity due to Whole Foods’ strong brand image promoting healthy and high quality foods
- Amazon has slashed Whole Foods prices by over 40% on the first day and will continuously lower prices
How long will these changes take an effect?
- Customers will immediately see lower prices on a selection of best-selling staples across Whole Foods stores
- Early deals for Amazon’s technology products such as Echo is available for purchase in Whole Foods stores
- Amazon promises “more to come”
What’s next for Amazon?
- Expanding e-commerce pickups at an Amazon locker, will now become available in some Whole Foods stores
- Continues to dominate in the online shopping space by become the world’s largest player in providing cloud services
- Amazon Prime members will receive additional discounts, free delivery and access its Amazon Video
Amazon will change the way the grocery market operates and how consumers consume
- No cash registers but payments will be done via Amazon account on your phone
- Using Whole Foods stores as mini-distribution centres in metropolitan areas
- Amazon Prime could become a one-stop shop for all consumer needs
- New product offering including prepared food kits and online food delivery
- Faster delivery times
AtlasTrend’s Big Data Big Fund as an investment trend
- For an investor and a consumer, it’s an incredible time to watch and participate in this happening before us. These are many of the reasons why some of our funds, which invest according to long-term trends in e-commerce and big data are investors in Amazon.
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