Jeff Yastine is a visionary. When the merger between Amazon and Whole Foods was first announced, he said that it would be a big setback. It turns out that he was right, as he often is. Posts on social media have started to appear about the deteriorating quality of the shopping and of the fruit in Whole Foods. For example, in one post, the shopper said that there were fruit flies and mold in the fruit, and that the manager just said that it happens in California. In addition, the people who worked at the store, according to the poster, were too busy hanging out to help.
Now, it is possible that this is just the kind of person who likes to complain. However, says Jeff Yastine, if you look into the bigger picture, you will find many things that are alarming.
Read more about Jeff Yastine at investmentu.com to know more.
John Mackey said in a speech that the merger was very challenging. John Mackey is the CEO of Whole Foods. Although it is challenging, he said, he thinks that Amazon and Whole Foods can do great things together. To the casual observer, those words may not seem like much, but to someone who wants to take a second to read in between the lines, it becomes quite clear that he may be portraying a sense of optimism that is shadowed by various challenges that keep coming up which are making the transition very hard and preventing the benefits they expected to get from the merger from materializing.
Jeff Yastine believes that not only are the experts who think so correct in their analysis, but that it is very possible that John Mackey’s tenure at Whole Foods after it was bought by Amazon may soon be over. More info about Jeff Yastine at tumblr.com
Jeff Yastine said at the time of the deal that it makes no sense for the two companies to go hand in hand. After all, Amazon is all about the cheapest products on demand. Whole Foods is not about that. Their prices are not known for being so cheap. What they are known for is their ability to offer and provide high quality fruit and other food products. They are also known for their high quality customer service. Mixing the two together can have disastrous results, and prices do not even seem to be going down at Whole Foods.
Jeff Yastine is the Editor of Banyan Hill Publishing and Total Wealth Insider.