Amazon's focus on optimizing the last mile experience played a big role in the company outperforming its e-commerce competitors. The ability to consistently provide fast and reliable deliveries helped Amazon grow a massive base of loyal customers.24 Apr 2021
Why does Amazon keep growing?
Another growth vehicle for Amazon in 2021 is advertising. When looking for a product, about half of U.S. adults start their search with Amazon. More searches draw more advertisers. And as Covid-19 has caused more consumers to shop online that will keep Amazon's ad growth humming.3 days ago
What made Amazon successful?
Amazon is successful due to its high-quality customer experience. They offer reasonable prices, reliable shipping, a large product catalog, safety while shopping, and they cater their products on display to each individual consumer.
Some of the important growth drivers which would turn these figures into reality are growth of rural consumption, growing income, increased online spending, rising use of internet and smartphones and addition of young millennial households.5 Feb 2020
How has Amazon grown as a business?
And Amazon's video streaming service has been one of the most added by American households. Investors have rewarded the company's growth by nearly doubling share prices from their late-2019 levels. “It is one of the most diversified companies out there,” Forrester principal analyst Sucharita Kodali tells Fortune.18 Oct 2021