Amazon gets serious about grocery, Klarna goes banking and can solar kill Coal? Enjoy this weekly feed of inspiring, interesting and intellectual articles and news, with a focus on disruption!
Amazon gets serious about grocery
For about $14 billion Amazon is buying Whole Foods, a premium US grocery chain. The news pushed competing grocers shares down last week, SuperValu was worst affected with a 14 percent drop. Amazon has already been pushing into grocery delivery, but it requires completely different logistics infrastructure to the rest of its business – connecting to Whole Foods stores is perhaps one answer. Sure is Amazon is now serious about doing business within ALL aspects of retail. Sure interesting to see how this push develops and how actors like Walmart (who recently bought online clothier Bonobos for $310 million) are affected.
Can solar kill Coal?
A new report from Bloomberg sheds some promising light on renewable energy. Solar panels are becoming more and more viable as costs keep declining and the report concludes that global carbon dioxide pollution from fossil fuels may decline after 2026. “By 2040, wind and solar will make up almost half of the world’s installed generation capacity, up from just 12 percent now, and account for 34 percent of all the power generated, compared with 5 percent at the moment”. Let’s hope this all comes true because we will not want to be there if we global temperatures increase past 2 degrees!
Klarna goes banking!
Klarna, a Swedish online payments provider gets a full banking license, with the aim of becoming the Ryanair amongst banks. “We want to be part of reshaping the retail banking industry. New regulations set the right prerequisites for the destruction of that industry, but it needs a Ryanair to come along. We want to be that player” – Klarna CEO Sebastian Siemiatkowski said in an interview after the announcement. Is Klarna now becoming a true threat towards the large incumbent banks on the European market?