Latest / Omni Talk Retail / Fast Five Shorts | Pros And Cons Of Amazon Featuring Products From Other Websites Within Its App
Transcript
- 0:00Amazon's
- 0:00mobile
- 0:01shopping
- 0:01app
- 0:01is
- 0:01now
- 0:01featuring
- 0:02products
- 0:02from
- 0:03other
- 0:03sites.
- 0:04Amazon
- 0:04is
- 0:05testing
- 0:05a
- 0:05new
- 0:05feature
- 0:05that
- 0:06enables
- 0:06users
- 0:06of
- 0:06the
- 0:07Amazon
- 0:07Shopping
- 0:08app
- 0:08to
- 0:08find
- 0:08select
- 0:09products
- 0:09from
- 0:09other
- 0:10sites
- 0:10and
- 0:10go
- 0:10there
- 0:11to
- 0:11purchase
- 0:11them.
- 0:12Currently
- 0:12in
- 0:12beta,
- 0:13the
- 0:13Shop
- 0:14Brand
- 0:14sites
- 0:15directly
- 0:15feature
- 0:16is
- 0:16live
- 0:16for
- 0:17some
- 0:17US
- 0:17Customers
- 0:18and
- 0:18will
- 0:18be
- 0:18rolled
- 0:18out
- 0:19to
- 0:19more
- 0:19based
- 0:19on
- 0:19feedback,
- 0:20the
- 0:20company
- 0:20said
- 0:21on
- 0:21a
- 0:21Tuesday,
- 0:22February
- 0:2311th
- 0:23press
- 0:24release.
- 0:24Customers
- 0:25who
- 0:25have
- 0:25access
- 0:26to
- 0:26this
- 0:26beta
- 0:26search
- 0:27will
- 0:27find
- 0:27in
- 0:27their
- 0:28search
- 0:28results
- 0:28select
- 0:29products
- 0:29that
- 0:29Amazon
- 0:30doesn't
- 0:30sell
- 0:30in
- 0:30its
- 0:31store
- 0:31alongside
- 0:32the
- 0:32products
- 0:32that
- 0:32Amazon
- 0:33does
- 0:33sell.
- 0:34And
- 0:34they
- 0:34will
- 0:34see
- 0:35a
- 0:35link
- 0:35to
- 0:35the
- 0:35brand's
- 0:36website,
- 0:36according
- 0:37to
- 0:37the
- 0:37release.
- 0:38When
- 0:38customers
- 0:38click
- 0:39on
- 0:39that
- 0:39link,
- 0:39they
- 0:39will
- 0:39receive
- 0:40a
- 0:40notification
- 0:40that
- 0:41they
- 0:41are
- 0:41leaving
- 0:41Amazon
- 0:42and
- 0:42will
- 0:42go
- 0:42directly
- 0:43to
- 0:43the
- 0:43brand's
- 0:43website
- 0:44where
- 0:44they
- 0:44can
- 0:44evaluate
- 0:45the
- 0:45product
- 0:45and
- 0:45make
- 0:46purchases
- 0:46directly
- 0:47from
- 0:47that
- 0:47brand.
- 0:48Now,
- 0:49here's
- 0:49the
- 0:49kicker.
- 0:49If
- 0:50that
- 0:50brand
- 0:51happens
- 0:51to
- 0:51have
- 0:52Buy
- 0:52with
- 0:52Prime
- 0:53enabled
- 0:53products,
- 0:53prime
- 0:54members
- 0:54will
- 0:54then
- 0:55be
- 0:55provided
- 0:55with
- 0:56free
- 0:56delivery,
- 0:56easy
- 0:57returns
- 0:57and
- 0:57customer
- 0:58support
- 0:58for
- 0:58the
- 0:58items
- 0:59that
- 0:59they
- 0:59purchase
- 0:59directly
- 1:00on
- 1:00that
- 1:00brand's
- 1:01website.
- 1:01Lisa,
- 1:02we're
- 1:02going
- 1:03to
- 1:03you
- 1:03here
- 1:03with
- 1:03this
- 1:03one.
- 1:04Again,
- 1:04what
- 1:05are
- 1:05the
- 1:05pros
- 1:05and
- 1:05cons
- 1:06here
- 1:06of
- 1:07Amazon
- 1:07testing
- 1:08if
- 1:08consumers
- 1:08will
- 1:08want
- 1:09to
- 1:09buy
- 1:09products
- 1:09from
- 1:10other
- 1:10websites
- 1:10via
- 1:11the
- 1:11Amazon
- 1:12mobile
- 1:12app?
- 1:13Yeah,
- 1:14look,
- 1:14we
- 1:14all
- 1:14know
- 1:15there's
- 1:15always
- 1:16an
- 1:16angle
- 1:16with
- 1:16Amazon,
- 1:17right?
- 1:17How
- 1:17they're
- 1:18going
- 1:18to
- 1:18drive
- 1:18more,
- 1:19right?
- 1:19So
- 1:19I
- 1:19think
- 1:20at
- 1:20the
- 1:20end
- 1:20you
- 1:21kind
- 1:21of
- 1:21hit
- 1:21on
- 1:21it.
- 1:21Look,
- 1:22if
- 1:22it's
- 1:22Prime,
- 1:23Amazon's
- 1:24winning
- 1:24anyhow,
- 1:25right?
- 1:25Because
- 1:25they're
- 1:26doing
- 1:26the
- 1:26back
- 1:26end
- 1:27of
- 1:27that
- 1:27execution.
- 1:28They're
- 1:28collecting
- 1:29data,
- 1:30right.
- 1:30They're
- 1:30gaining
- 1:31a
- 1:31financial
- 1:32benefit.
- 1:33They're
- 1:33also
- 1:33gaining
- 1:34insights
- 1:34of
- 1:35what
- 1:35don't
- 1:35I
- 1:35have
- 1:36on
- 1:36my
- 1:36site.
- 1:36You
- 1:37know,
- 1:37maybe
- 1:37their
- 1:38algorithms
- 1:38aren't
- 1:38perfect,
- 1:39but
- 1:39now
- 1:40this
- 1:40will
- 1:40be
- 1:40a
- 1:40new
- 1:41algorithm
- 1:41they
- 1:41can
- 1:42add
- 1:42because
- 1:42they'll
- 1:43have
- 1:43some
- 1:43access,
- 1:44some
- 1:44way
- 1:44to
- 1:45understand
- 1:46how
- 1:46the
- 1:47consumer,
- 1:48you
- 1:48know,
- 1:48is
- 1:48going
- 1:48from
- 1:49site
- 1:49to
- 1:49site.
- 1:50Look,
- 1:50I,
- 1:51I
- 1:51don't
- 1:51know
- 1:52that
- 1:52I
- 1:52can
- 1:52necessarily
- 1:53see
- 1:53a
- 1:53con
- 1:54on
- 1:54it
- 1:54at
- 1:54the
- 1:54end
- 1:55of
- 1:55the
- 1:55day
- 1:55because
- 1:56ultimately
- 1:57there's
- 1:58so
- 1:58many
- 1:58different
- 1:59learning
- 1:59and
- 1:59revenue
- 2:00streams
- 2:00and
- 2:00opportunities
- 2:01that
- 2:01I
- 2:01think
- 2:02Amazon
- 2:02does
- 2:02get
- 2:03from
- 2:03this.
- 2:04Plus,
- 2:04in
- 2:04a
- 2:05lot
- 2:05of
- 2:05ways
- 2:05it'll
- 2:06benefit
- 2:06their
- 2:06partners.
- 2:07So
- 2:07it
- 2:07actually,
- 2:08in
- 2:08a
- 2:08different
- 2:08way
- 2:09is,
- 2:10is
- 2:10a
- 2:10new
- 2:11positive
- 2:11shift
- 2:11on
- 2:12their
- 2:12partnerships
- 2:13because
- 2:13they're
- 2:13saying,
- 2:13hey,
- 2:14if
- 2:14you
- 2:14don't
- 2:14allow
- 2:15us
- 2:15to
- 2:15carry
- 2:15this
- 2:16from
- 2:17you
- 2:17on
- 2:17our
- 2:18site,
- 2:18we're
- 2:19going
- 2:19to
- 2:19still
- 2:19support
- 2:20you.
- 2:20Now,
- 2:20likely
- 2:21they're
- 2:21driving
- 2:22that
- 2:22kind
- 2:22of
- 2:23prime
- 2:23deal
- 2:23with
- 2:23them
- 2:24simultaneously.
- 2:26But
- 2:26honestly,
- 2:27I
- 2:27think
- 2:27generally
- 2:28speaking
- 2:28for
- 2:28amaz,
- 2:29a
- 2:29win
- 2:30win
- 2:31for
- 2:32brands
- 2:32that
- 2:32don't
- 2:32have
- 2:33you
- 2:33know,
- 2:33great
- 2:33accessibility.
- 2:34I
- 2:35think
- 2:35it's
- 2:35a
- 2:35win
- 2:35for
- 2:36those
- 2:36brands.
- 2:38So
- 2:38I'm
- 2:38not
- 2:38really
- 2:39sure
- 2:39I
- 2:39see
- 2:39a
- 2:39big
- 2:39con
- 2:40here
- 2:40as
- 2:40it
- 2:40relates
- 2:41to
- 2:41Amazon
- 2:42and
- 2:42the
- 2:42consumer
- 2:43experience
- 2:44here
- 2:44because
- 2:44basically
- 2:45the
- 2:45consumer
- 2:46wants
- 2:46fast.
- 2:47Amazon
- 2:47has
- 2:48trained
- 2:48them
- 2:48that
- 2:48way
- 2:48and
- 2:48they're
- 2:49going
- 2:49to
- 2:49get
- 2:49it
- 2:49any
- 2:49way
- 2:50they
- 2:50want
- 2:50it
- 2:50now.
- 2:51Yeah,
- 2:51I
- 2:52mean,
- 2:52I
- 2:52think
- 2:52you
- 2:52did.
- 2:53I
- 2:53agree
- 2:53with
- 2:54everything
- 2:54that
- 2:54you
- 2:54said,
- 2:54Lisa.
- 2:55I
- 2:55think
- 2:55it's
- 2:56also
- 2:56the
- 2:57only
- 2:57thing
- 2:57that
- 2:57I
- 2:57would
- 2:58add
- 2:58in
- 2:58is
- 2:58that
- 2:59it's
- 2:59still
- 2:59a
- 3:00search
- 3:00game
- 3:00and
- 3:00Amazon
- 3:01wants
- 3:01to
- 3:01be
- 3:02the
- 3:02first
- 3:02place
- 3:02that
- 3:03you
- 3:03go
- 3:03when
- 3:03you're
- 3:03looking
- 3:04for
- 3:04products
- 3:05they
- 3:05want.
- 3:05They're
- 3:05in
- 3:06competition
- 3:06now
- 3:07with,
- 3:07you
- 3:07know,
- 3:08ChatGPT
- 3:08or
- 3:09with
- 3:09ChatGPT,
- 3:10with
- 3:10Google,
- 3:11with
- 3:11all
- 3:11these
- 3:11other
- 3:11search
- 3:12engines
- 3:12to
- 3:13get
- 3:13that
- 3:13traffic
- 3:13to
- 3:14be
- 3:14the
- 3:14place
- 3:14where
- 3:14you
- 3:14can
- 3:15find
- 3:15the
- 3:15product
- 3:15the
- 3:15fastest
- 3:16that
- 3:16you're
- 3:16looking
- 3:16for.
- 3:17And
- 3:17so
- 3:17I
- 3:17think
- 3:17that's
- 3:18the
- 3:18biggest
- 3:19component
- 3:19here
- 3:20is,
- 3:20you
- 3:20know,
- 3:20it
- 3:21comes
- 3:21down
- 3:21to
- 3:21where
- 3:22can
- 3:22I
- 3:22go
- 3:22that
- 3:22I
- 3:23can
- 3:23confidently
- 3:23find
- 3:23those
- 3:24products?
- 3:24And
- 3:24then,
- 3:25of
- 3:25course,
- 3:25Amazon's
- 3:26getting
- 3:26all
- 3:26of
- 3:26this
- 3:27information
- 3:27and
- 3:27setting
- 3:28up
- 3:28their
- 3:28sales
- 3:28team
- 3:28is
- 3:29to
- 3:29be
- 3:29like,
- 3:29you
- 3:29need
- 3:29to
- 3:29go
- 3:30talk
- 3:30to
- 3:30this
- 3:30person,
- 3:30because
- 3:31people
- 3:31are,
- 3:32people
- 3:32are
- 3:32looking
- 3:32for
- 3:32this
- 3:33on
- 3:33Amazon
- 3:33and
- 3:33they're,
- 3:34they
- 3:34don't
- 3:34have
- 3:34buy
- 3:34with
- 3:34prime
- 3:35set
- 3:35up.
- 3:36David,
- 3:37where
- 3:37do
- 3:37you
- 3:37land
- 3:37on
- 3:37this?
- 3:40You
- 3:40know,
- 3:41I
- 3:41think
- 3:41when
- 3:41you
- 3:41got
- 3:41to
- 3:41pay
- 3:42for
- 3:42a
- 3:42$600
- 3:42million
- 3:43wedding
- 3:44or
- 3:44replace
- 3:45the
- 3:45teak
- 3:45on
- 3:45your
- 3:46boat
- 3:46because
- 3:46you
- 3:46use
- 3:46the
- 3:47legal
- 3:47ones,
- 3:48you
- 3:48need
- 3:48another
- 3:48revenue
- 3:49stream,
- 3:49right?
- 3:49And
- 3:49this
- 3:50is
- 3:50a
- 3:50perfect
- 3:50revenue
- 3:51stream
- 3:51for,
- 3:52for
- 3:53Amazon.
- 3:54This
- 3:55is,
- 3:55this
- 3:55is
- 3:55buying.
- 3:56Pointed
- 3:56it
- 3:56out
- 3:57earlier,
- 3:57Right.
- 3:57You
- 3:58know,
- 3:58Amazon's
- 3:59a
- 3:59nerdy
- 3:59tech
- 4:00company
- 4:00and
- 4:01effectively
- 4:01a
- 4:02supply
- 4:02chain
- 4:02company.
- 4:02So
- 4:03it's
- 4:03a
- 4:03perfect
- 4:03play.
- 4:04I
- 4:04mean,
- 4:04this
- 4:04is
- 4:05an
- 4:05AWS
- 4:06and
- 4:06supply
- 4:06chain
- 4:06play,
- 4:07right.
- 4:08It's
- 4:08the
- 4:09natural
- 4:09extension
- 4:09of
- 4:09what
- 4:10they're
- 4:10already
- 4:10doing.
- 4:10The
- 4:11all
- 4:12the
- 4:12brands
- 4:12already
- 4:13have
- 4:14branded
- 4:14stores
- 4:15on
- 4:15Amazon.
- 4:16So
- 4:17what's
- 4:17the
- 4:17difference
- 4:17now
- 4:17if
- 4:18it
- 4:18actually
- 4:18just
- 4:18goes
- 4:19back
- 4:19to
- 4:19their
- 4:19site
- 4:20and,
- 4:20you
- 4:21know,
- 4:21and
- 4:21Amazon
- 4:22does
- 4:22the
- 4:23fulfillment
- 4:23on
- 4:23it,
- 4:24which
- 4:24is,
- 4:24you
- 4:24know,
- 4:24most
- 4:25of
- 4:25the
- 4:25products
- 4:25will
- 4:25probably
- 4:26be
- 4:26prime
- 4:26enabled
- 4:27anyways.
- 4:29So
- 4:29it's,
- 4:30it's
- 4:30a
- 4:30perfect
- 4:31evolution
- 4:31of
- 4:32what
- 4:32they're
- 4:32already
- 4:32doing
- 4:33to,
- 4:33you
- 4:33know,
- 4:33make
- 4:34them
- 4:34a
- 4:34bunch
- 4:34more
- 4:34money.
- 4:35Right.
- 4:36Chris,
- 4:37how
- 4:37do
- 4:37you,
- 4:38how
- 4:38do
- 4:38you
- 4:38think
- 4:38about
- 4:39this?
- 4:39I
- 4:40don't
- 4:40have
- 4:40much
- 4:40to
- 4:40add.
- 4:40I
- 4:40think
- 4:41the
- 4:41point
- 4:41I
- 4:41bring
- 4:41in
- 4:41here
- 4:41is
- 4:41I
- 4:42think
- 4:42this
- 4:42is
- 4:42a
- 4:42little
- 4:42bit
- 4:42more.
- 4:43This,
- 4:43a
- 4:43little
- 4:43bit
- 4:43more
- 4:43of
- 4:43a
- 4:44defensive
- 4:44move
- 4:44than
- 4:45an
- 4:45offensive
- 4:45move.
- 4:46Have
- 4:46we
- 4:46been.
- 4:46As
- 4:46we've
- 4:46been
- 4:47discussing.
- 4:47And
- 4:47I
- 4:47think
- 4:47it
- 4:47goes
- 4:48back
- 4:48to
- 4:48what
- 4:48you
- 4:48said,
- 4:48and
- 4:49I
- 4:49think
- 4:49it's
- 4:49because
- 4:49of
- 4:49the
- 4:49rise
- 4:50of
- 4:50gen
- 4:50AI
- 4:50search.
- 4:51I
- 4:51think,
- 4:51you
- 4:51know,
- 4:51Amazon
- 4:52has
- 4:52no
- 4:52choice
- 4:52to
- 4:53go
- 4:53but
- 4:54to
- 4:54go
- 4:54in
- 4:54this
- 4:54direction.
- 4:55That's
- 4:55my
- 4:55opinion
- 4:56because,
- 4:56you
- 4:56know,
- 4:57otherwise
- 4:57they're
- 4:57going
- 4:57to
- 4:57give
- 4:57up
- 4:58the
- 4:58game
- 4:58to
- 4:58Google
- 4:59and
- 4:59any
- 4:59startup
- 5:00gen
- 5:00AI
- 5:00search
- 5:00engine
- 5:01over
- 5:01time.
- 5:01And.
- 5:02But
- 5:02the
- 5:02thing
- 5:02that
- 5:02Amazon
- 5:03has
- 5:03in
- 5:03its
- 5:03back
- 5:04pocket
- 5:04that
- 5:04makes
- 5:04me
- 5:04think
- 5:05this
- 5:05could
- 5:05work
- 5:06to
- 5:06the
- 5:06point
- 5:06that
- 5:06you
- 5:06guys
- 5:06are
- 5:06saying
- 5:07is,
- 5:07and
- 5:07Ann,
- 5:07you
- 5:08said
- 5:08it
- 5:08too.
- 5:08Amazon
- 5:08knows
- 5:09how
- 5:09to
- 5:09get
- 5:09shoppers
- 5:09and
- 5:10convert
- 5:10them
- 5:10to
- 5:10buyers
- 5:11faster
- 5:11and
- 5:11better
- 5:11than
- 5:12anyone.
- 5:12So,
- 5:13you
- 5:13know,
- 5:13as
- 5:14they're
- 5:14developing
- 5:14what
- 5:15the
- 5:15next
- 5:15generation
- 5:16of
- 5:16search
- 5:16commerce
- 5:17looks
- 5:17like,
- 5:17I
- 5:17think
- 5:18Amazon
- 5:18has
- 5:18a
- 5:18good
- 5:19footing
- 5:19in
- 5:19there.
- 5:19And
- 5:20the
- 5:20buy
- 5:20with
- 5:21Prime
- 5:21Hook,
- 5:22as
- 5:22I
- 5:22think
- 5:22about
- 5:23that
- 5:23evolution
- 5:24is
- 5:24also
- 5:24really
- 5:25interesting
- 5:26to
- 5:26me
- 5:26as
- 5:26well.
- 5:27So
- 5:27yeah,
- 5:27that's,
- 5:28that's
- 5:28my
- 5:28take.
- 5:28I
- 5:28think
- 5:29universally
- 5:29we
- 5:29all
- 5:29are
- 5:30kind
- 5:30of
- 5:30agreeing
- 5:30this
- 5:31one
- 5:31and
- 5:31I
- 5:31think.
- 5:31That
- 5:32the
- 5:32buy
- 5:32with
- 5:32Prime
- 5:32Hook
- 5:33is,
- 5:33is
- 5:33really
- 5:33interesting
- 5:34because
- 5:34the
- 5:34things
- 5:34that
- 5:35most
- 5:36of
- 5:36the,
- 5:37you
- 5:37know,
- 5:37kind
- 5:38of
- 5:38the
- 5:38national
- 5:38brand
- 5:39struggle
- 5:39with
- 5:39more
- 5:40than
- 5:40anything
- 5:40else
- 5:41is
- 5:41the
- 5:42supply
- 5:42chain
- 5:42and
- 5:42the
- 5:42shipping
- 5:43side
- 5:43and
- 5:43dealing
- 5:44with
- 5:44returns.
- 5:45It's,
- 5:45it's
- 5:46really
- 5:46what
- 5:46is
- 5:46killing
- 5:47them.
- 5:48And
- 5:48now
- 5:49they've
- 5:49effectively
- 5:49just
- 5:50outsourced
- 5:50it
- 5:50to
- 5:50Amazon.
- 5:51So
- 5:51I
- 5:52do
- 5:52think
- 5:52for
- 5:52a
- 5:52lot
- 5:52of
- 5:53the
- 5:53bigger
- 5:53brands,
- 5:53it's
- 5:54a
- 5:54win,
- 5:54win.