Shelly Palmer Radio Report – January 10, 2014

Look out, Costco: Amazon is coming for you. Amazon it working on a new business called Pantry, which will help the company expand further into the consumer packaged goods market. Pantry’s set to launch sometime this year, and will be aimed at existing members of Amazon Prime. Launching with around 2,000 products you can normally find in grocery stores – like cleaning supplies, canned goods and beverages – Pantry will let you put as many items as you can into a set-sized box, up to a specific weight. The consumer packaged goods market is a massive industry in the U.S., and Amazon is looking to mark its territory. Online retailers have struggled to break into the market in the past, because a pack of Coke cans, for example, costs you as much as it costs Amazon to ship them to you. Encouraging you to put multiple items in a single box should help Amazon cover the shipping cost and get you what you need on the cheap.

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Author:

Shelly Palmer

Shelly Palmer is Managing Director, Digital Media Group at Landmark Ventures/ShellyPalmer a technology focused Investment Banking & Advisory practice specializing in M&A, Financings, Strategic Partnerships and Innovation Access. He is Fox 5 New York's On-air Tech Expert and well known for his work on Fox Television's Shelly Palmer Digital Living as well as his daily radio report on United Stations Radio Networks. For more information, visit shellypalmer.com.

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