Amazon’s Post

The Restaurant Manager's Bio-Terroir and Leisure Activities: 365-Day Daily Full Year" is a book that appears to focus on the management aspects of a restaurant that emphasizes organic and local produce (Bio-Terroir) along with providing various leisure activities. The title suggests that the book is structured as a daily guide or planner for a full year, possibly offering insights, tips, or tasks for restaurant managers to enhance their operations, integrate local and organic elements, and create engaging leisure experiences for their customers. https://lnkd.in/eKUpUeEY

Apart from the notable success of Amazon in its several business segments: 🚀 Record-breaking Delivery Times -> with more than 7 billion items arriving same or next day, and an increase in the number of items delivered same day or overnight by nearly 70% YoY. 📉Lower costs to serve -> where in the US alone cost to serve was down by more than $0.45 per unit YoY. 📢 Advertising business -> remaining one of the opportunities with the most upside for the Company, growing 24% YoY from $38B in 2022 to $47B in 2023 🌐 Amazon Web Services -> Leading the cloud infrastructure market share which continues to see cost optimization and new capabilities powered by the new CPU Chips and innovation. There was one thing that caught my interest in Andy Jassy's letter. When asked about "how does Amazon remain resilient?", one of the principles he emphasized was: 💡"Accepting and learning from failed experiments—actually becoming more energized to try again, with new knowledge to employ." And I couldn't agree more... Encourage people to try, fail, learn, and re-do.

Andy's shareholder letter gets you into the 'Amazon mind' and , for me, it's always encouraging and enlightening. What stood out to me this year was the focus on primitives and, as ever, our long term vision (not just the 'this quarter/year quick win'). If your tenured at Amazon - go read it and be encouraged that we are safe in Andy's hands; if your more recently Amazonian - read it (at least) twice and understand and apply what is at the heart of Amazon to what you do everyday. https://lnkd.in/eS3pnzBt

Every Amazon shareholder letter is a must read. Even if you're not in the Amazon space. This is no exception. Andy Jassy mentions 'primitive services' 41 times. It encapsulates what makes Amazon so successful not just in profit terms but also as an organisation that's resilient and able to prioritise. For sellers, the big watch word is speed. Decreasing time to deliver has been a big focus, hence why we've seen a slew of FBA program changes. Expect more of this over the next 12 months.

What an insightful read! This letter provides a wonderfully straightforward explanation of the Generative AI ecosystem, highlighting value addition opportunities at every layer through the use of primitives.

Congrats to all Amazonians and thanks to the wonderful Amazon Leadership! In 2023, Amazon’s total revenue grew 12% year-over-year (“YoY”) from $514B to $575B. By segment, North America revenue increased 12% YoY from $316B to $353B, International revenue grew 11% YoY from $118B to $131B, and AWS revenue increased 13% YoY from $80B to $91B. Further, Amazon’s operating income and Free Cash Flow (“FCF”) dramatically improved. Operating income in 2023 improved 201% YoY from $12.2B (an operating margin of 2.4%) to $36.9B (an operating margin of 6.4%). Trailing Twelve Month FCF adjusted for equipment finance leases improved from -$12.8B in 2022 to $35.5B (up $48.3B). https://lnkd.in/dTMY5J4w

"Build in primitives" -Andy Jassy, #Amazon CEO https://lnkd.in/gHMYt7NX Happen to take the time to read this year's Annual investor letter from Andy Jassy. Deep in 2nd half, it talks about how Amazon started thinking about "building in primitives" and how it has been game-changing for them and their customers. Probably old news for some, but eye-opening for me. Definitely a good read!

🚀 I always love to read up on Amazon's Shareholder Letters and this year its is not different! 💎 One standout quote that truly resonates with me is: "At our best, we’re not just customer obsessed, but also inventive, thinking several years out, learning like crazy, scrappy, delivering quickly, and operating like the world’s biggest start-up." When you're generating $575B in revenue it is hard to imagine operating as a start up, but it is and was the best advice I got and gave to people that joined Amazon and asked for tips and advice. Check out the full letter for some serious inspiration on how to think big, innovate, and stay ahead in today's dynamic business landscape: Amazon CEO Andy Jassy's 2023 Shareholder Letter (...and make sure you read the 1997 one as well ✨ ) #Amazon #ShareholderLetter #Innovation #CustomerObsession #StartupMindset 🚀📈 https://lnkd.in/d-2jvpbt

The strategy flies in the face of the one certainty of any product plan: Your product plan is wrong, the only question is to what degree.

Earlier this week we recevied the JPMorgan Chase & Co. shareholder letter from Jamie Dimon, which is always worth reading a few times. Today, we have the Amazon shareholder letter from Andy Jassy, which is chock full of insights. Among them, Jassy reminds readers about one of Amazon's focal points: "We operate in a diverse number of market segments, but what ties Amazon together is our joint mission to make customers’ lives better and easier every day. This is true across every customer segment we serve (consumers, sellers, brands, developers, enterprises, and creators). At our best, we’re not just customer-obsessed, but also inventive, thinking several years out, learning like crazy, scrappy, delivering quickly, and operating like the world’s biggest start-up." There is little question the company has excelled at reducing transaction friction for its customers. Does it always succeed? No. And I still love to shop in person as it helps me see what's new on the shelves and racks in a way that Amazon simply can't (at least not yet). There is also the tactile impression when it comes to clothes - no need to buy a shirt that feels like cardboard. But Amazon is tackling that as well. Bryan Clagett Lindsey Bell Linas Beliūnas Karen McDermott