Amazon started with a plan to disrupt bookselling. It sold cheap books online, delivering them straight to customers’ homes. Three decades later it employs a million people in America and owns one hundred warehouses, each stocked with millions of products. More than a third of the US e-commerce market flows through it. Now, another company has spied an opportunity to disrupt Amazon: Temu. The Chinese e-commerce giant wants to undercut its US rival, delivering impossibly cheap stuff to Americans straight from factories in China. How worried should Amazon be?
Hosts: Alice Fulwood, Mike Bird, Tom Lee-Devlin. Guests: Wendy Woloson of Rutgers University-Camden; Mark Shmulik of Bernstein; Michael Morton, an e-commerce analyst at MoffettNathanson; and Josh Silverman, CEO of Etsy.
Listen to what matters most, from global politics and business to science and technology—Subscribe to Economist Podcasts+
For more information about how to access Economist Podcasts+, please visit our FAQs page or watch our video explaining how to link your account.
Hosted on Acast. See acast.com/privacy for more information.
The Intelligence: when Sall tempted Faye
The Intelligence: Moscow massacre
The Weekend Intelligence: Should I own a gun?
The Intelligence: Bad Apple?
The Intelligence: Fed reckoning
The Intelligence: Leave your umbrella at home
The Intelligence: The power of positive tinkering
The Intelligence: F is for falling standards
Checks and Balance: Growth states
The Intelligence: Russia’s sham election
The Intelligence: Is time up for TikTok?
The Intelligence: Russia pushes back on Kharkiv
The Intelligence: Europe is not so hot on its green parties
The Intelligence: Kim Jong Un’s fighting talk
The Intelligence: Haiti’s latest nightmare
The Intelligence: Labour’s union
Babbage: The science that built the AI revolution—part one
The Intelligence: A Super predictable Tuesday
The Intelligence: Modi’s battle for the south
Create your
podcast in
minutes
It is Free
Power & Politics
Business Daily
Science Weekly
WSJ What’s News
FT News Briefing