Submit a summary of the strategic issues that the AMAZON company confronts and the team’s recommendations to resolve them. This summary can be written in a bullet point format - 12 point, Times New Roman font, with 1-inch margins.
A brief discussion of the key strategic issues or challenges that the company faces and an explanation of why they are important/interesting to the company/this course.
PLEASE WRITE 3 MORE THAT ARE ALREADY NOT MENTIONED. SCROLL DOWN AND TYPE IN SECTION E,F,G, AND INCLUDE REFRENCES.
BPL 5100 PROGRESS REPORT #5: Strategic Issues and Recommendations Team: GROUP 1 Company: AMAZON.com INSTRUCTIONS: Submit a summary of the strategic issues that the AMAZON company confronts and the team’s recommendations to resolve them. This summary can be written in a bullet point format - 12 point, Times New Roman font, with 1-inch margins. A brief discussion of the key strategic issues or challenges that the company faces and an explanation of why they are important/interesting to the company/this course. PLEASE WRITE 3 MORE THAT ARE ALREADY NOT MENTIONED. SCROLL DOWN AND TYPE IN SECTION E,F,G, AND INCLUDE REFRENCES. A.Extreme Competition: Due to Amazon making it “easy” for sellers with low entry barriers to become part of Amazon and start selling their own products, this also creates high competition among sellers. We notice that the same product can be sold by multiple sellers therefore it comes down to who has the lowest price. Unless the seller is offering an exclusive, customized, and unique product the profit is not always guaranteed. A great factor that contributes to this extreme competition is the sellers who are located in China which contributes to almost 38% of over 900,000 registered Amazon sellers. This enables them to have lower prices through lower manufacturing and processing costs. Amazon has turned the sellers into a Price War. Top 5 Amazon Challenges in 2023 & Their Solutions (hopstack.io) B.Security and Privacy Violation: Although Amazon has a policy preventing employees from accessing customers' data through third-party sellers’ data it is NO guarantee that this policy was not violated or continues to be violated. Not only the US government but also the European Union regulators have filed antitrust charges against Amazon claiming that they are accessing sellers’ data to create advantages for themselves and their own Amazon products. We can tie this to how Amazon is being considered as a monopoly and an influence over the market to shift customers' preferences to their own beneficiaries. The Biggest Challenges for Amazon's New CEO | Manufacturing.net C.Inbound & Outbound Restrictions: Amazon has strict guidelines for product shipping to Fulfillment Centers. Box sizes and violations of these guidelines may cause delays in the process or result in an incorrect consignment. Delivery and return fees also create challenges and high costs for Amazon FBA sellers, and this can cause inventory to be sold through alternative channels. Policies controlling the packaging process, including the labeling and packing of individual products and consignments, are imposed on all third-party merchants. Sellers have the option to allow Amazon to create labels for their products, but Amazon wants merchants to adhere to international labeling requirements. Of course, letting Amazon create labels for its products comes with a cost that can be impactful to the low-margin products. Challenges Faced by Amazon Sellers (algopix.com) D.Profitability is not the most ideal: The sales profit of different stores on Amazon will vary greatly due to the product type, transportation and cost. Amazon's report does not provide much detailed analysis for sellers, which leaves many sellers wondering whether they can monetize on Amazon's platform. The challenge Amazon sellers will face is that they will need to download reports from several different interfaces and combine the data to understand true profitability. Overly complex operations may cause sellers to doubt the effectiveness of their products on Amazon's platform and choose other sales platforms. https://www.adlucent.com/resources/blog/the-top-three-amazon-challenges-and-how-to-solve-them/ PLEASE WRITE 3 MORE E. F. G. For all specific facts/events/etc. in your outline, citations are REQUIRED and should be formatted appropriately and consistently (MLA, APA, etc. in either parenthetical or footnote/endnote formats) References): In this section, list any sources (websites, library databases, articles, annual reports, etc.) you used to complete this assignment. · Use high quality/reputable sources (no Wikipedia, blogs, random websites with someone else’s research/coursework, etc.). · When in doubt, rely on original sources (i.e., from the company) or reputable financial analyst or similar reports. · Format in an appropriate and consistent manner (MLA, APA, etc.) and include URLs for all webpages. Hopstack, T. (2023, October 20). Top 5 amazon challenges in 2023 & Their Solutions. RSS. https://www.hopstack.io/blog/challenges-faced-by-amazon-fba-sellers Pisani, J., & D’Innocenzio, A. (2022, November 28). 2023 manufacturing industry outlook. Deloitte United States. https://www2.deloitte.com/us/en/pages/energy-and-resources/articles/manufacturing-industry-outlook.html Greenberg, O. (2023, May 28). Challenges faced by Amazon Sellers - Algopix.com. Challenges Faced by Amazon Sellers: Overcoming Obstacles for Success. https://algopix.com/blog/challenges-faced-by-amazon-sellers Adlucent (2023, March 13). The Top Three Amazon Challenges, And How To Solve Them. https://www.adlucent.com/resources/blog/the-top-three-amazon-challenges-and-how-to-solve-them/