Friday, September 21, 2012

A Paragraph to Ponder

From the July 9, 2012 edition of the Financial Times - - From Warehouse to Powerhouse by Barney Jopson.  Great overview of the "Amazon Economy."  From bookseller to provider of vital logistics for small businesses and entrepreneurs.

From the article:

At a macro level, hub businesses such as Amazon improve efficiency, which is good news for small players, says Marco Iansiti, a professor at Harvard Business School.  "The bad news is destiny is shared with a bunch of other people," he says.  "If Amazon has a catastrophe,if the website goes down, then a lot of people are affected.  It is a source of systemic risk that we didn't have before.

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