5 challenges awaiting Amazon’s new CEO
NEW YORK — In 1995, few could imagine that the modest online bookstore built by Jeff Bezos would turn into a $1.7 trillion behemoth that sells everything from diapers to sofas, produces movies, owns a grocery chain and provides cloud computing services to businesses all over the globe. Although Bezos is expected to still play a big role at the company, it is Jassy who will inherit the many challenges born from Amazon’s meteoric rise. Bezos said at a hearing before Congress last summer that even though Amazon had a policy preventing employees from accessing seller data, he couldn’t guarantee that the policy wasn’t being violated. Mark Cohen, director of retail studies at Columbia University’s Graduate School of Business, believes that both retail and cloud service are both “enormously important” for Amazon, but he believes there’s more opportunity for cloud services. “There is a lot of opportunity for Amazon, but the brick and mortar guys have demonstrated their stores are big time assets,” said Charlie O’Shea, a retail analyst at Moody’s.
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