Amazon Takes Over Whole Foods Market
Amazon recently announced its intention to acquire Whole Foods Market, a $13.7 billion deal that has food manufacturers quaking in their boots. As noted by Fortune,1 "grocery stocks took a nosedive" following the announcement.
Also noted by Fortune, just as Amazon changed the way books are printed and sold "by forcing publishers, authors and everybody else along the book supply chain to cut their costs," the food industry may now face the same disruptions and challenges — challenges bound to likely severely deteriorate, compromise and dilute organic foods and standards even further.
After all, Amazon's stated goal is to "be Earth's most customer centric company … a place where people can … find … anything they might want to buy …"2 In other words, Amazon's ultimate aim is to get a piece of every single economic pie there is. Ingeniously, by buying Whole Foods, Amazon is not buying a retailer. Rather, it's buying a customer for its advanced commerce and logistics, with an eye on replacing Instacart and United Natural Foods.
http://articles.mercola.com/sites/articles/archive/2017/07/04/amazon-buying-whole-foods-market.aspx?utm_source=dnl&utm_medium=email&utm_content=art1&utm_campaign=20170704Z1&et_cid=DM149612&et_rid=2067501755