In this file:
· Amazon’s brand value tops $400 billion, boosted by the coronavirus pandemic: Survey
· Amazon expands grocery delivery service Pantry to 300 cities
Amazon’s brand value tops $400 billion, boosted by the coronavirus pandemic: Survey
Lucy Handley, CNBC
Jun 30 2020
Amazon has maintained its position as the world’s most valuable brand, increasing its worth by almost a third to $415.9 billion compared to last year, according to a ranking by consultancy Kantar published Tuesday.
The annual BrandZ Top 100 Most Valuable Global Brands ranks companies by combining their market capitalization with consumer research of over 3.8 million people around the world.
Apple came in at second on the list, valued at $352.2 billion followed by Microsoft at $326.5 billion, which this year overtook Google to become the world’s third-most-valuable brand. This rise is due in part to the increased use of its Microsoft Teams collaboration software as employees worked from home during the coronavirus pandemic, according to the report.
While news of the coronavirus outbreak caused stocks to plunge in March, the share prices of online businesses like Amazon, which deliver consumer staples saw a surge in April as brick-and-mortar stores shuttered (the e-commerce giant’s response to the pandemic has been criticized, however).
“Although consumer reliance on home delivery during the pandemic stretched Amazon’s logistics capabilities, it also affirmed Amazon’s strength,” the Kantar report stated.
Alibaba is ranked sixth in the BrandZ list, valued at $152.5 billion, up 16% on the year prior, while JD.com’s brand valuation went up 24% to $25.5 billion, according to Kantar.
“Brands that enabled people to navigate life with digital devices, and achieve convenience and comfort, generally increased in value or at least outperformed their category,” the report said.
Brands are also better placed to survive this financial crisis than they were in 2008-2009, according to David Roth, chair of BrandZ. “Businesses understand the importance of investing in brand-building and are stronger and more resilient as a result,” he said in a release emailed to CNBC...
The BrandZ Top 10 Most Valuable Global Brands 2020 ($ million)
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Amazon expands grocery delivery service Pantry to 300 cities
Amazon India said customers across 10,000 pin codes will be able to choose from a selection of 3,000 products across 200 brands.
Alnoor Peermohamed, ETtech
June 30, 2020
Amazon on Tuesday said its grocery delivery service Pantry has been expanded to cover 300 cities, at a time when India is seeing a spurt in the number of Covid-19 cases, keeping demand for home delivery of groceries and essential products high.
The company said customers across 10,000 pin codes will be able to choose from a selection of 3,000 products across 200 brands which will be delivered within 1-2 days.
However, unlike Amazon’s Pantry service in Bengaluru, Delhi, Mumbai, Chennai, Hyderabad, Kolkata and Pune, customers in the newly added cities will not be able to choose slots for their pantry deliveries.
“Amazon Pantry has become popular with customers as it fulfils their grocery demands and gives them great savings. With this expansion, customers in more than 300 cities & towns can get access to safe doorstep delivery of grocery essentials,” said Saurabh Srivastava, Director - Category Management, Amazon India.
During the first month of India’s Covid-19-induced lockdown, Amazon had struggled to fulfil orders for groceries and other essentials it was receiving. Over time...