Amazon is focusing on essential delivery orders

What to read today: The Millennial Financial Health Report: As the largest living generation by population, and soon income, millennials are a prime target for banks — but over generalizations of their financial health make it hard to attract the group. Millennials behave like three "sub-generations," with distinct lifestyle habits, financial needs, and behaviors. And banks must understand the characteristics of consumers in each segment to sharpen acquisition and servicing strategies..

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March 28, 2020 Amazon is pushing back delivery dates for nonessential orders Amazon has adjusted its processes to prioritize stocking and delivering key items – baby products, beauty and personal care, grocery, health and household, industrial and scientific, and pet supplies – during the coronavirus pandemic. This has affected regular orders and those made with Prime, which are generally delivered within one to two days — now, some Amazon orders might not be delivered until late April. Prioritizing essential products may help consumers get the items they need most and enable Amazon to meet demand, but doing so could also hurt Amazon's business in more ways than one. Business Insider Intelligence's Daniel Keyes has the full story. BRIEFING HIGHLIGHTS Huawei's shipment decline shows how the coronavirus pandemic could change logistics Xiaomi overtook Huawei as the world's third-largest smartphone producer – showing the need for vendors in other markets to invest in logistics. Read More → US diagnostics startup Scanwell seeks FDA approval for its at-home coronavirus test Diagnostics startup Scanwell developed a coronavirus test that takes just 15 minutes to complete at home, and is currently awaiting FDA approval. Read More → Amazon Care to pick up and deliver at-home coronavirus tests Amazon Care partnered with the Seattle Coronavirus Assessment Network and will deliver diagnostic tests to those who feel sick or are asymptomatic. Read More → Wireless tools that are tracking the spread of the coronavirus could stoke privacy concerns Wireless carriers face conflicting interests as governments turn to their data to curb the spread of coronavirus, stoking consumer fears of privacy. Read More → US banks reassess their branch strategy amid the coronavirus As the coronavirus pandemic intensifies, major US banks are beginning to alter their branch operations to protect their employees and customers. Read More → Networks are adapting to consumer behavior during the coronavirus Surges in network usage caused by the coronavirus pandemic highlight the need to invest further in infrastructure build-out. Read More → Amazon and Microsoft launch coronavirus research initiatives Amazon and Microsoft are launching separate initiatives aimed at accelerating research and potential treatments for the coronavirus Read More → How Australian banks are responding to the coronavirus Australia's Big Four incumbent banks have announced that eligible mortgage holders can defer repayments for up to six months. Read More → A fintech that lets customers pay bills with credit cards secured $75M US-based fintech Plastiq, saw 150% revenue growth from 2018 to 2019, and it now has a revenue run rate of nearly $100 million. Read More → Delinquency rates for wireless bills will likely spike in coming weeks The government stimulus checks that would reach millions of US households will help reduce the rate of late or delinquent wireless bills. Read More → RESEARCH IN FOCUS The Millennial Financial Health Report As the largest living generation by population, and soon income, millennials are a prime target for banks — but over generalizations of their financial health make it hard to attract the group. Millennials behave like three "sub-generations," with distinct lifestyle habits, financial needs, and behaviors. And banks must understand the characteristics of consumers in each segment to sharpen acquisition and servicing strategies. Get the full report → US Mobile Wallets in 2020 and Beyond Report An overall uptick in US consumer time spent on smartphones is trickling down to payments and commerce and driving volume in three core categories: mobile commerce (m-commerce), mobile peer-to-peer (P2P) payments, and mobile proximity payments. This report sizes the mobile payments market and identifies what''s driving growth in these key areas. Get the full report → The Global 5G Landscape Business Insider Intelligence sizes up the major players in 5G – market leaders United States, South Korea, and China and emerging markets India, Brazil, and Mexico – to provide an overview of each one's telecoms space and what is contributing to or hindering its development. Get the full report → FOLLOW US Email sent to: newsletter@newslettercollector.com Manage your email preferences | Unsubscribe | Terms of Service | Privacy Policy © 2020 Insider Inc. 1 Liberty Plaza, New York, NY 10006