As per the reports, Amazon is unignorable by any company: Begun as a courteous online bookstore, today, Amazon is a technology giant with its presence beyond just e-commerce.
The company has an evident presence in logistics, manufacturing, grocery, customer services, real estate, healthcare, even fashion amongst all the other things.
The world’s most prestigious and valuable company with a founder like Jeff Bezos, who currently is the world’s richest man, is apparently something worth to talk about.
Such is the dominating presence that other companies can’t stop talking about Amazon.
As per recent Quartz analysis, worldwide, the executives of public companies mentioned ‘Amazon’ in over 2,300 calls and conference presentations in 2018.
The mention comes in various contexts. In some instances, it is a company applauding Amazon as a business partner, while other times it is a boast of rising favorably against one of Amazon’s offerings.
One of the most renowned industries with a spike in Amazon mentions was healthcare for its rumored interest in pharmacy and drug distribution.
When they accomplished a prescription-management startup, PillPack, for a lumpsum USD 1 billion, it was enough to hit off USD 23.5 billion off the market capitalization of the top 10 healthcare companies.