With the surge of online shopping and e-commerce, Amazon has become a leading name in the business sector. The company has been making headlines lately with new developments and advancements in various areas, such as sustainability, technology, and even healthcare. Here are the top 5 business news to keep up with Amazon in 2021:
1. Amazon’s Continuous Innovations
Amazon has always been known for its innovative approach to business, introducing revolutionary concepts like one-day shipping, cashier-less stores, and drone deliveries. Amid the ongoing pandemic, the company has continued to find new ways of adapting to the changing market, such as turning some of its warehouses into COVID-19 testing centers. Amazon has also ventured into new markets, such as launching its own telehealth service, Amazon Care.
2. Amazon and Sustainability
Amazon’s commitment to sustainability has never been more apparent, especially with the release of its 2020 sustainability report. The company has been working towards achieving net-zero carbon emissions by 2040 and has started launching initiatives to reach this goal, such as implementing sustainable packaging and investing in electric delivery vehicles. Amazon has also recently announced a $2 billion Climate Pledge Fund to support companies that develop decarbonization technologies.
3. Amazon Goes Into Healthcare
Amazon has been making moves into the healthcare industry, with the recent launch of Amazon Pharmacy, which enables customers to buy prescription medicine online. The company has also announced its acquisition of PillPack, an online pharmacy that specializes in delivering pre-packaged medications to consumers. Amazon has also expanded into at-home medical testing, launching COVID-19 self-test kits.
4. Amazon’s Dominance in Cloud Computing
Amazon Web Services (AWS) has always been a crucial part of Amazon’s business, and the cloud computing platform has seen significant growth in the past year. AWS has been providing businesses with essential tools for remote work, such as video conferencing and remote desktop services. In 2020, AWS generated over $12 billion in revenue, and its market share in cloud computing has continued to grow.
5. The Battle For Amazon’s HQ2
Amazon’s search for a second headquarters location ended with the company picking two cities, Arlington, VA, and Long Island City, NY. However, the plan for the New York location was eventually cancelled due to criticism from local politicians. Washington, D.C., and Northern Virginia’s Crystal City won the bid for HQ2, which has brought significant changes to the area’s economy and job market.
In conclusion, Amazon’s impact on the business world has been significant, and the company’s constant innovation and expansion into new industries have kept it at the forefront of the market. As we move through 2021, keeping up with these top 5 business news updates about Amazon will be crucial for staying informed about the company’s latest developments and its ongoing impact on the business world.
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