If you want the metaphor that describes the impact of “creative destruction’ …
The three biggest department stores in the 1960’s – Macy’s, Hudson’s and Marshall Field’s. Macy’s is now the lone survivor…for the moment!
For all those who thought Amazon was going to build a traditional brick and mortar store of any kind … WRONG!
For distribution and logistics, the question has always been the same:’How do we develop the most efficient optimization strategy for distribution warehouse workers to locate, select and ship products?’
Amazon reimagined the same question : ‘What if the most efficient optimization strategy was for products to come to the warehouse workers?’
Ohio had every excuse to remain a ‘failed’ rust belt region. Apparently the citizens of Ohio did not want the past to be their future. Congratulations R/L
You can interpret this sentence to mean that Kroger is using its very sophisticated data analytics and digital marketing capability to attract new customers. The critical question, which we will know the answer to in a few months, is ‘Can Kroger attract, hold and grow profitable customers … in the long term?’
Setting the base line
Why is Amazon spending $1 billion in Columbus, Ohio?
“We can’t be a $400 billion retailer without a strong consumables business.” Jeff Bezos
The Necessity of Understanding Innovation
“Business has only two functions—marketing and innovation. “ Peter Drucker