ATLANTA — Speaking at the Emerson Group’s Industry Day back in October, Amazon Web Services’ Justin Honaman started his presentation with a provocative question: “What are you doing today so that you’re not obsolete tomorrow?” It’s not a crazy question, he added, given that more than 50% of the companies in the Fortune 500 have
In this week’s Video Forum, Justin Honaman, head of worldwide retail and consumer goods go-to-market at Amazon Web Services continues his discussion of generative AI. Honaman talks about how the technology will change the way retail and CPG executives go about their business; some of the challenges involved in implementing generative AI; and how retailers
Justin Honaman, head of worldwide retail and consumer goods go-to-market at Amazon Web Services, tells this week’s Video Forum about how generative artificial intelligence will alter the retail and CPG industries. Among the topics Honaman addresses are the distinctions between artificial intelligence, machine learning and generative AI; how the new technology fits in with traditional
In the conclusion of a two-part Video Forum interview, Justin Honaman, head of worldwide retail and consumer goods go-to-market at Amazon Web Services, talks about the AWS business model and shares his views on the role of technology in the drive toward greater personalization, the need to rethink the supply chain in the wake of
In the first installment of a two-part interview, Justin Honaman, head of worldwide retail and consumer goods go-to-market at Amazon Web Services, tells this week’s Video Forum about what retailers and CPG suppliers can do to innovate and “go further faster.” Emerging marketplace trends, the impact of technology on operational efficiency, and frictionless commerce are
SEATTLE — Amazon.com posted profits of $2.5 billion for the second quarter, up from $197 million a year earlier, on revenue of $52.9 billion. Operating profit margin came in at 5.6%. It was the third consecutive quarter in which Amazon posted profit of $1 billion or more, extending its profitability streak to three years. Amazon
Amazon.com late last month reported extraordinarily robust financial results for the quarter ended March 31. Sales at the e-commerce and technology company jumped 43% to $51 billion, while net earnings more than doubled to $1.6 billion. With ad revenue and Amazon Web Services showing notable strength, the company generated gains across the board. Of particular
SEATTLE — Amazon.com Inc. said Thursday that it would raise the annual subscription fee for its Prime members in the U.S. to $119 from $99, an increase of 20%. The announcement came as Amazon reported strong sales and earnings gains for the first quarter ended March 31. “We continue to increase the value of Prime,