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“We are seeing a complete wipeout of a cohort of entrepreneurs and younger companies,” Lettieri said. “And there’s nothing developing behind them.” The pandemic will imply the triumph of franchise chains over mom-and-pop retailers, of C-suite executives over entrepreneurs working in their basements. It will mean city centers filled with banks and 24-hour pharmacies rather than bookstores and nail salons and takeout counters. Amazon Handmade has launched a new shopping expertise to connect customers with native small businesses throughout the U.S. promoting handcrafted products. Half of the gadgets sold on Amazon worldwide are from small and medium-sized businesses that supply their products by way of Amazon Marketplace.
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