Month: August 2018

The shift in Grocery

I am 50 this month, I have been in high technology and emerging technology for 30 years.

I am an early adopter – I buy all the new services I can, explore new ways to shop and pave the way for the mass market to follow.

I have seen this in technology first hand – usually by being around a decade too early!

In Grocery as with all retail – things are changing. Asked years ago consumers would say they were perfectly happy with shopping in supermarkets rather than fiddling around with their computers to buy online.

But online is taking a grip of grocery quicker than many can appreciate.

Americans buying Groceries online

CB Insight have produced some great information on the changes in the grocery market. Take a look here.

Looking back at Amazon

As anyone that has ever met  us knows we love Amazon (and obsess about how to compete with them!)

What we love most about it is the clear strategy that delivers long-term shareholder value, it uses the cash flow from its businesses to invest in the future rather than returning this cash to shareholders.

It is by far one of the most misunderstood companies that we have come across

Luckily we bought Amazon in July 2014 at $316.65 per share. The share price this week passed $1,900, but I think its just the beginning so we are not sellers!

Like Mr Bezos we believe in the long term.

You can look at what we most admire about Amazon here

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