Amazon Acquires Perishable Supply Chain With Whole Foods

Steve Odland appeared on CNBC’s Squawk Alley on June 16, 2017 to discuss Amazon’s purchase of Whole Foods. The acquisition is an inexpensive way for Amazon to acquire a high quality perishables distribution system with 450 brick and mortar sites in 42 states. This opens the door to a $1T non cyclical food industry in the US for Amazon, and will help them deepen share of wallet among current customers as well as access new customers with a much higher shopping frequency that their average customer.

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