1990s Hamid Moghadam, an Iranian-born property developer, made a $5m bet on Webvan, an American online grocer. It was a bust. Webvan was one of the most spectacular casualties of the dotcom crash. More galling still, Mr Moghadam turned down the opportunity to invest in another e-commerce upstart called Amazon, thinking its focus on books was too narrow compared with groceries. Yet some people can win even by losing.
It is hard to imagine Stephen Schwarzman, Blackstone’s high-society boss, talking as passionately about the nitty-gritty of logistics as Mr Moghadam . Yet a contest between the king of warehouses and the baron of private equity will be worth watching. It will not just shape the future of e-commerce. It will change the urban landscape, too.
It is easy to dismiss the warehouse business. As one industry boss puts it, investors used to think of it as “four walls and a roof that you hope doesn’t leak”—in other words, highly commoditised. Yet Mr Moghadam says it is enthralling. The first task, he says, is to decide on which end of the supply chain to be. He settled on mass consumer markets around the world rather than serving producers, because, as he puts it, “Consumers do not move, factories do.
America is turning into rubble right now
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
31% Of Small Businesses Have Stopped Operating Amid Coronavirus: Sheryl Sandberg Shares How Facebook’s Latest Product Aims To HelpFacebook out with their new State of Small Business survey on how businesses are faring amidst the ongoing pandemic as well as how their new e-commerce product, Facebook Shops, can help. Facebook still a thing? Weird. Хорошая новость Get rid of Facebook please!
Source: Forbes - 🏆 394. / 53 Read more »
Amazon to retain many of the employees it hired during the pandemicThe e-commerce giant brought on 175,000 workers during the pandemic and plans to retain about 70% of them. There will be much vacancies
Source: USATODAY - 🏆 100. / 63 Read more »
Silver Lake home built for Edward LeSaint | Hot PropertyThe French Normandy-style house was built in 1915 for silent era actor-director Edward LeSaint and later owned by producer Marshall Neilan and actress Blanche Sweet. LA Times is part -time Zillow! Yeah this seems relevant right about now. Downtown LA is being overrun by domestic terrorists. not now, LA times
Source: latimes - 🏆 11. / 82 Read more »
UPS Adds Peak Delivery Surcharge to Manage E-Commerce Demand Amid CoronavirusThe carrier is imposing fees on companies that have inundated its network with packages and oversize items during the pandemic, an unprecedented move aimed at managing a summer flood of shipments and higher costs. Important! fbi Pls someone view this twitter thread of the man in black who instigated the auto zone destruction & riots in minneapolis, mn. I also saw him live on CNN & MSNBC breaking in the 3rd precinct police building Gas is down by 30%, what the hell are they talking about? They are not doing twice the work per hour. Like the meat industry, abusing the situation. Why don't they just hire more drivers and buy more trucks with all of that extra business? why would you punish the businesses that give you the most business? Crazy!
Source: WSJ - 🏆 98. / 63 Read more »
Sonic the Hedgehog Is Getting a Sequel After It Made More Than $300 Million WorldwideSonic the Hedgehog made $306 million worldwide and broke the record for the highest opening weekend for a big-screen adaptation of a video game property Awesome
Source: people - 🏆 712. / 51 Read more »
Why Is This Hot Picture of Hot Paul Mescal So Hot?'We will not be broken by a photo of Paul Mescal, five-foot-eleven max morning height, strutting down the street with bedhead, no matter how quixotically hot we find it. Let's investigate.'
Source: ELLE Magazine (US) - 🏆 472. / 51 Read more »