Amazon + Teva = A Marriage Made In Heaven

Amazon has upended so many industries--and you can basically buy almost anything there.

And yes, what you can't buy today, you will be able to buy tomorrow. 

What started as books and DVDs is now virtually synonymous with e-Commerce itself!

Next up for Amazon is pharmaceuticals!

Some people may think that Whole Foods gives Amazon the footprint it needs to sell these and dominate.

But what people aren't considering is that Amazon can sell the pharmaceuticals online.

Amazon can do what other online drug distributors can't.

Why?

Because Amazon has the most unbelievable distribution network in the world. 

Currently, people can order drugs through the mail, but these tend to be for regular reoccurring prescriptions that have lead time. 

However, Amazon can outdo these mail order pharma companies, because they can get you the drugs you need when and where you need it. 

- You don't feel well and can't make it to CVS, Amazon will deliver to your door. 

- Need same-day delivery, no problem. 

- Plus do all your shopping together in one fell timesaving swoop. 

My prediction: 
Amazon the low cost, efficient online seller of everything to everywhere is going to partner with Teva Pharmaceuticals, the #1 world leader in low cost generic drugs.

Teva already produces 120 billion tablets and capsules every year, operates in 80 countries, and currently fills 1 in 6 generic prescriptions in the U.S. 

Together, Amazon and Teva can make beautiful music, that is medicine + money!

Who needs CVS when pharmaceuticals perhaps soon can be gotten at Whole Foods or at your Trusty Amazon.com.  

One more time, I see some radical disruption--and this time it will bring you cheaper and more convenient drugs--make a l'chaim to your health. ;-)

(Source Graphic: Andy Blumenthal)

(Endnote: I am a big fan + investor in Teva, and of course, all opinions here are my own.)

Amazon + Teva = A Marriage Made In Heaven

Amazing Amazon

So Amazon should be renamed Amazing, because they are.

They are the best online retailer--love 'em!

SELECTION: Amazon has everything. 

PRICE: Amazon is reasonably priced.

SPEED: Amazon Prime gets you your goodies delivered in under 48 hours. 

RETURNS: Amazon takes returns easily; virtually no questions asked. 

Amazon is so customer focused that you can even email Jeff Bezos, the founder and CEO himself, at Jeff@Amazon.com. 

Aside from their highly successful retail operation, they have the Kindle tablets, Amazon Web Services (AWS) for cloud computing, Kiva Robots for warehouse operations, and more. 

So what's the secret of their success?

One thing, according to the Wall Street Journal, is their tough hiring practices. 

Amazon has "several hundred" interviewers called "Bar Raisers" that give candidates extremely thorough interviews.

Bar Raisers typically have conducted "dozens or hundreds of interviews and gained a reputation for asking tough questions and identifying candidates who go on to become stars."

Typically, it "takes five or six employees at least two hours each" to evaluate and vet an applicant. 

Amazon makes all this effort in recruiting to weed out people who are the wrong fit for the company. 

They believe that it's better to invest in a sophisticated recruiting process than to make costly hiring mistakes. 

While this certainly sounds like a well thought out and vigorous hiring process, the article makes little to no mention of performance measures showing that their hires really are better matches, have superior performance, or stay with the company longer. 

The one anecdote given was of a Bar Raiser who found a candidate for a programming job that "didn't know much about the specific programming language."

Barring some real statistics though, either you could conclude that Amazon's hiring process is truly superior or perhaps question why it takes them 5 to 6 interviews to do what other successful companies do in 1 or 2. 

Either way though, Amazon is a amazingly great company. ;-)

(Source Photo: Andy Blumenthal)

Amazing Amazon