New York University Stern School of Business professor Scott Galloway previously believed Amazon.com Inc. would outlive the other biggest companies in tech. The COVID-19 pandemic has only made him more confident in that prediction.
MarketWatch: As you write in the book, some of it is an update on “The Four” in the post-coronavirus world. What do you see in the future for them now? Look at the big components in this company, staggering investments in last mile delivery, and ecommerce. They invested more in the 24 months pre-Covid than Walmart invested in the previous 20 years in last mile delivery.
I also think that in two to three years, Amazon will be the fastest growing health-care company. If you look at what they are doing, they are lining up their tanks, their aircraft, their artillery, on the border of what is the largest industry in the world, arguably, which is health care. [In his prediction, Amazon would create a “Prime Health” option, Galloway explained in more depth in the book. As an example, say a consumer uses Alexa to look for a dermatologist to help deal with a skin rash. The doctors are not Amazon employees, and instead they give a cut of their revenue to Amazon. The doctor would have access to medical records, and consult the patient via a video chat, which has now become more common place and acceptable because of the pandemic.
profgalloway 90% of news about covid and trump
profgalloway Actually, I can picture a time when people will want to go and shop in their neighborhoods. And get off their computers. Truly.
profgalloway Dude has been saying this for years.
profgalloway thanks
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