When the media reported that Amazon has entered into a new partnership with Whole Foods, many grocery food suppliers began to tremble. Amazon is, after all, one of the largest movements to ever exist and its transition to the food industry could mean the end of smaller businesses. One person who saw beyond the mainstream hype, however, is Jeff Yastine.
Yastine is a fierce stock investor with over two decades of experience. This Emmy-nominated writer has had a chance to interview people like Warren Buffet and Richard Branson, thus expanding his financial knowledge beyond the scope of most experts. Ever since the large merger mentioned above, however, Yastine has not followed the path of many other media outlets. From the very beginning of the joint effort that was established between Whole Foods and Amazon, this writer has condemned it for multiple reasons.
I took plenty of heat back in June when I said the Amazon-Whole Foods merger “would be a surprising setback for the internet giant.”
— Jeff Yastine (@Jeff_Y_Guru) December 12, 2017
Now, after it has been a few months since the merger, Banyan Hill’s writer might have the last laugh. Among many types of backlash, both companies are coming under fire for issues like the deteriorating quality of food, misaligned visions, and lack of innovation. Although it is expected to have some dissatisfied customers, the reports made by Barclays claim that Amazon is slowly turning Whole Food’s organic pursuits into generalized and conventional offerings. This comes as a good confirmation of the vision that Yastine had all the way back when the deal was first established. Check out on Youtube to know more.
The writer has also mentioned how these two companies do not match their visions. Amazon is well known for lack of sympathy towards employees, whereas Whole Foods is the complete opposite of that.
Jeff Yastine has published many other articles that demonstrate his financial skills. He has been able to predict the crisis of the mid-2000s as well as many other economic movements. In 2002, he was on the winning team of journalists who took home the New Tork State Society of CPAs Excellence in Financial Journalism Award. It does speak volumes to see an organization as specialized as an accounting group recognize the knowledge and expertise of Yastine and the team he was on.
Before his career at the Banyan Hill, he also worked as an anchor and correspondent at PBS Nightly Business Report for 16 years. Some of his stories have been very successful in the past including reports on the financial impact of Hurricane Katrina and the handover of the Panama Canal.