Ted Bauman, editor and writer for Banyan Hill Publishing, has been alerting people about some of the positives and negatives related to Amazon recently. First off, Amazon collects a large amount of information related to its customers, and he believes this could be a privacy and security issue. On the other hand, the company has a lot to offer paying customers who can only find some items through its website. It has grown to take over e-commerce and sells almost half of the products that people buy online in the United States.
Ted Bauman sees a future where Amazon takes over and dominates sales on the web for many years. While some smaller retailers may survive, not many will be able to continue to sell mass-produced items. While some people are referring to Amazon as a monopoly, Bauman believes Walmart fits more into this category. Kroger still pulls in more income than Amazon, and Amazon still doesn’t receive the majority of buyers that come to shop online. On top of this, Amazon has not affected many conventional merchants, because there are quite a few traditional brick and mortar stores that are doing just fine. Over 90% of the retail revenue in the U.S.A. is still generated by these kinds of stores.
Given the immense importance of such income flows, why isn’t it considered part of U.S. exports? What happens if we include it?https://t.co/VR5qbz7ho9#TradeWars #PrivacyProtection #PrivacyCode #CyberSecurity #Economy #Trading #Investing #Stocks #StockMarket #AlphaStockTrader pic.twitter.com/jxrSiv14Mz
— Ted Bauman Guru (@TedBaumanGuru) June 25, 2018
Ted Bauman knows that while Amazon is dipping its fingers into almost every industry, it still faces stiff competition from stores like Dollar General, Target, Walmart, Home Depot, and others who offer competitive prices for many of the same items. Amazon even attempted to jump into the grocery industry, and while it did purchase Whole Foods; customers of the natural food chain haven’t been pleased with what has taken place at Whole Foods since. Bauman has stated that most monopolies attract a lot of negative opinions and has pointed out that Amazon is still receiving large amounts of positive praise from consumers. Read more about Ted Bauman at Ideamensch.
Ted Bauman teamed up with Banyan Hill Publishing in 2013 as the editor of The Bauman Letter, Alpha Stock Alert, and Plan B Club. He specializes in helping investors to protect their assets and privacy and points out low-risk investment opportunities. He has spent the better part of his life helping people to live a life free from the oversight of the government and the greed of corporations. He earned postgraduate degrees in Economics and History at the University of Cape Town and has served nonprofits in South Africa in different executive positions. Read more about Ted on Bloomberg.