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Amazon (AMZN) to Expand Reach in Australia Via Latest launch
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Amazon (AMZN - Free Report) is leaving no stone unturned in bolstering presence in the growing e-commerce market of Australia.
The company’s recent launch of the Print on Demand facility in Australia is a testament to the above-mentioned fact.
The facility has been opened at the company’s Western Sydney Fulfilment Centre, wherein self-published authors can get their titles printed in the form of paperback books according to demand.
As soon as an order gets placed for a title registered in the program, amazon.com.au prints the book and delivers it at the customer’s doorstep.
This facility will prevent Amazon from manufacturing books in bulk and storing them.
In addition, this local printing move will help Amazon in providing quick delivery of books to customers, which in turn will enhance their shopping experience.
This is likely to drive customer momentum, which in turn will propel growth in the e-commerce business.
The e-commerce business of Amazon in Australia has been growing rapidly in recent times due to the ongoing pandemic.
Increased consumer demand for online platforms coupled with customised payment solutions are driving growth of the ecommerce market of the country.
According to the GlobalData report, sales in the Australian ecommerce space are expected to hit $54.2 billion by 2024, witnessing a CAGR of 10.3% between 2020 and 2024.
In addition, the statista data reveals that revenues in this particular market are anticipated to hit $29.7 billion in 2021. Further, the figure is expected to reach $35 billion by 2025 by registering a CAGR of 4.2% between 2021 and 2025.
Amazon’s strengthening e-commerce efforts make it well poised to capitalize on the prospects available in the Australian online retail market.
Growing Initiatives in Australia
The latest move bodes well for Amazon’s growing efforts in expanding footprint in Australia.
Apart from the latest move, the company made the applications for the Amazon Launchpad’s 2021 Innovation Grants open to the country’s start-ups in order to provide them with e-commerce opportunities amid this pandemic situation.
Moreover, Amazon’s first robotics fulfilment center, the largest ever warehouse in Australia that is currently under construction and is expected to be completed by 2021-end, remains noteworthy. Notably, this facility will create employment for more than 1,500 locals.
Long-term earnings growth rates for Asbury Automotive Group, BJs Restaurants and Walmart are currently projected at 18.5%, 15% and 5.5%, respectively.
+1,500% Growth: One of 2021’s Most Exciting Investment Opportunities
In addition to the stocks you read about above, would you like to see Zacks’ top picks to capitalize on the Internet of Things (IoT)? It is one of the fastest-growing technologies in history, with an estimated 77 billion devices to be connected by 2025. That works out to 127 new devices per second.
Zacks has released a special report to help you capitalize on the Internet of Things’s exponential growth. It reveals 4 under-the-radar stocks that could be some of the most profitable holdings in your portfolio in 2021 and beyond.
Image: Bigstock
Amazon (AMZN) to Expand Reach in Australia Via Latest launch
Amazon (AMZN - Free Report) is leaving no stone unturned in bolstering presence in the growing e-commerce market of Australia.
The company’s recent launch of the Print on Demand facility in Australia is a testament to the above-mentioned fact.
The facility has been opened at the company’s Western Sydney Fulfilment Centre, wherein self-published authors can get their titles printed in the form of paperback books according to demand.
As soon as an order gets placed for a title registered in the program, amazon.com.au prints the book and delivers it at the customer’s doorstep.
This facility will prevent Amazon from manufacturing books in bulk and storing them.
In addition, this local printing move will help Amazon in providing quick delivery of books to customers, which in turn will enhance their shopping experience.
This is likely to drive customer momentum, which in turn will propel growth in the e-commerce business.
Amazon.com, Inc. Price and Consensus
Amazon.com, Inc. price-consensus-chart | Amazon.com, Inc. Quote
E-commerce Prospects in Australia
The e-commerce business of Amazon in Australia has been growing rapidly in recent times due to the ongoing pandemic.
Increased consumer demand for online platforms coupled with customised payment solutions are driving growth of the ecommerce market of the country.
According to the GlobalData report, sales in the Australian ecommerce space are expected to hit $54.2 billion by 2024, witnessing a CAGR of 10.3% between 2020 and 2024.
In addition, the statista data reveals that revenues in this particular market are anticipated to hit $29.7 billion in 2021. Further, the figure is expected to reach $35 billion by 2025 by registering a CAGR of 4.2% between 2021 and 2025.
Amazon’s strengthening e-commerce efforts make it well poised to capitalize on the prospects available in the Australian online retail market.
Growing Initiatives in Australia
The latest move bodes well for Amazon’s growing efforts in expanding footprint in Australia.
Apart from the latest move, the company made the applications for the Amazon Launchpad’s 2021 Innovation Grants open to the country’s start-ups in order to provide them with e-commerce opportunities amid this pandemic situation.
Moreover, Amazon’s first robotics fulfilment center, the largest ever warehouse in Australia that is currently under construction and is expected to be completed by 2021-end, remains noteworthy. Notably, this facility will create employment for more than 1,500 locals.
Zacks Rank & Stocks to Consider
Currently, Amazon carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader retail-wholesale sector include Asbury Automotive Group, Inc. (ABG - Free Report) , BJs Restaurants, Inc. (BJRI - Free Report) and Walmart Inc. (WMT - Free Report) , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Long-term earnings growth rates for Asbury Automotive Group, BJs Restaurants and Walmart are currently projected at 18.5%, 15% and 5.5%, respectively.
+1,500% Growth: One of 2021’s Most Exciting Investment Opportunities
In addition to the stocks you read about above, would you like to see Zacks’ top picks to capitalize on the Internet of Things (IoT)? It is one of the fastest-growing technologies in history, with an estimated 77 billion devices to be connected by 2025. That works out to 127 new devices per second.
Zacks has released a special report to help you capitalize on the Internet of Things’s exponential growth. It reveals 4 under-the-radar stocks that could be some of the most profitable holdings in your portfolio in 2021 and beyond.
Click here to download this report FREE >>