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2. Does Fastenal have any competitive advantage over Amazon Business that could help protect Fastenal's business against Amazon in the near future?

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2. Does Fastenal have any competitive advantage over Amazon Business that could help protect Fastenal's business against Amazon in the near future?

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Phạm Hồng Hiển - 31221021708: Fasstenal has vertical integration of its supply chain. The company owns manufacturing facilities that help to compete effectively with other companies.

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Phạm Hồng Hiển - 31221021708: Fasstenal has vertical integration of its supply chain. The company owns manufacturing facilities that help to compete effectively with other companies.

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Minh: fastenal still have their pricing to compete

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Minh: fastenal still have their pricing to compete

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Độ: Yes, fastenal still have brick and mortar stores, so they have advantage in serving offline customer 

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Độ: Yes, fastenal still have brick and mortar stores, so they have advantage in serving offline customer 

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VAnh: Fastenal have competitive advantages: they are trained specific skills for the industry. this could be a big chance for them to get an overweight.

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VAnh: Fastenal have competitive advantages: they are trained specific skills for the industry. this could be a big chance for them to get an overweight.

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Mai The capital needed to compete with Fastenal distribution network was too high and served as a barrier of entry for smaller competitors.An advantage that Fastenal has over Amazon business is that Fastenal still has a lot of brick and mortar stores unlike Amazon and can service people who aren't too fond of online Shopping

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Mai The capital needed to compete with Fastenal distribution network was too high and served as a barrier of entry for smaller competitors.An advantage that Fastenal has over Amazon business is that Fastenal still has a lot of brick and mortar stores unlike Amazon and can service people who aren't too fond of online Shopping

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Đạt: Have offline stores that can serve people dont like online services. 

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Đạt: Have offline stores that can serve people dont like online services. 

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Ngọc - Fastenal still have offline stores that can service people who don’t like online service

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Ngọc - Fastenal still have offline stores that can service people who don’t like online service

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Yes, Fastenal Company has developed a competitive advantage by building strong relationships with its customers. (Ngân)

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Yes, Fastenal Company has developed a competitive advantage by building strong relationships with its customers. (Ngân)

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Thư: Fastenal's competitive advantage over Amazon Business includes its established presence in the industrial supply sector, a strong focus on customer service, a large number of physical stores close to distribution centers, and its unique technology.

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Thư: Fastenal's competitive advantage over Amazon Business includes its established presence in the industrial supply sector, a strong focus on customer service, a large number of physical stores close to distribution centers, and its unique technology.

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Trà: they focus on lower the cost to build relationship with customer 

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Trà: they focus on lower the cost to build relationship with customer 

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Fastenal follows a bottom-up management approach, prioritizing employee training         Their customer-centric approach focused on cost savings, customized stocking, andespecially building trusted relationships (Hien)

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Fastenal follows a bottom-up management approach, prioritizing employee training         Their customer-centric approach focused on cost savings, customized stocking, andespecially building trusted relationships (Hien)

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Fastenal's extensive expertise in industrial vending machines since 2008, translates to a clear advantage over Amazon Business in supply cost savings. - Bao Chau

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Fastenal's extensive expertise in industrial vending machines since 2008, translates to a clear advantage over Amazon Business in supply cost savings. - Bao Chau

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Pa & Nga, yes because it owns a larger amount of brick-and-mortar offline stores than that figure for Amazon.  

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Pa & Nga, yes because it owns a larger amount of brick-and-mortar offline stores than that figure for Amazon.  

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Minh Đăng: this can help quickly adapt to the market and quickly address customers requirements.This focus can create  an exclusion for important customers

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Minh Đăng: this can help quickly adapt to the market and quickly address customers requirements.This focus can create  an exclusion for important customers

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Klinh - Fastenal's deep industry knowledge and specialization in industrial supplies, coupled with a focus on personalized customer service, can serve as a competitive advantage. Additionally, the company's well-established distribution network and expertise in managing inventory for industrial clients may provide a level of service that is challenging for broader platforms like Amazon Business to replicate.

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Klinh - Fastenal's deep industry knowledge and specialization in industrial supplies, coupled with a focus on personalized customer service, can serve as a competitive advantage. Additionally, the company's well-established distribution network and expertise in managing inventory for industrial clients may provide a level of service that is challenging for broader platforms like Amazon Business to replicate.

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Hồ Lê Anh Duy - They have some advantages namely they are a specialized product provider meaning their product in general is of better quality than the generalized business model of Amazon. Also the company appeals to a more local audience who values the convenience and quick time of going to the store and buying the product themselves 

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Hồ Lê Anh Duy - They have some advantages namely they are a specialized product provider meaning their product in general is of better quality than the generalized business model of Amazon. Also the company appeals to a more local audience who values the convenience and quick time of going to the store and buying the product themselves 

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Võ Phương Anh: Fastenal's potential competitive advantages over Amazon Business might be its established presence in the industrial supply sector, a specialized product range and a strong customer relationship. Fastenal's extensive network of local branches and on-site services could also differentiate it by offering personalized support.

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Võ Phương Anh: Fastenal's potential competitive advantages over Amazon Business might be its established presence in the industrial supply sector, a specialized product range and a strong customer relationship. Fastenal's extensive network of local branches and on-site services could also differentiate it by offering personalized support.

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More offline stores for customers who do not like online shops or people who just loved offline shops(T.Ngân)

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More offline stores for customers who do not like online shops or people who just loved offline shops(T.Ngân)

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They produce high quality fasteners and other mechanics bits. They have a huge initial competitive advantage in their industry/market compared to Amazon. They also have big financial resource to carry out strategic reformation against the new and innovative solutions that Amazon brought to the market (Hạnh)

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They produce high quality fasteners and other mechanics bits. They have a huge initial competitive advantage in their industry/market compared to Amazon. They also have big financial resource to carry out strategic reformation against the new and innovative solutions that Amazon brought to the market (Hạnh)

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Dinh Ngoc Ha The fastenal has advantages like their unique characteristics, more offline stores.

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Dinh Ngoc Ha The fastenal has advantages like their unique characteristics, more offline stores.

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(Quang Huy) Fastenal could take advantage of selling products with lower price, utilize CRM to build customer relationship, invest in technology, improve supply line logistics, stay updated to trends.

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(Quang Huy) Fastenal could take advantage of selling products with lower price, utilize CRM to build customer relationship, invest in technology, improve supply line logistics, stay updated to trends.

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Mai Linh Chi: They are more convenient than Amazon because they have retail stores, so some people who like to buy something immediately can come to the store and purchase for the products. Amazon, on the other hand, only has online platform, so every transaction must be happening on the internet. This might be a huge drawback, because some people might not know how to use the internet (like the elderly or something)

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Mai Linh Chi: They are more convenient than Amazon because they have retail stores, so some people who like to buy something immediately can come to the store and purchase for the products. Amazon, on the other hand, only has online platform, so every transaction must be happening on the internet. This might be a huge drawback, because some people might not know how to use the internet (like the elderly or something)

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Trần Hữu Minh Tâm: Fastenal can develop both online and offline platforms to serve the purchases of customers. Also, Fastenal can elaborate on its self-named product to create marketing efficiency.

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Trần Hữu Minh Tâm: Fastenal can develop both online and offline platforms to serve the purchases of customers. Also, Fastenal can elaborate on its self-named product to create marketing efficiency.

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Thinh - 31221024445. Yes, because fastenal does possess certain competitive advantages that could help protect its business against Amazon in the near future. Some key advantages: Strong customer relationship, local presence and service capabilities, specialization and expertise.

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Thinh - 31221024445. Yes, because fastenal does possess certain competitive advantages that could help protect its business against Amazon in the near future. Some key advantages: Strong customer relationship, local presence and service capabilities, specialization and expertise.

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Đào Ngọc Hưng (31221021462) - Yes, Fastenal has skillful, talented and loyal employees; customer - centric approach; local presence.

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Đào Ngọc Hưng (31221021462) - Yes, Fastenal has skillful, talented and loyal employees; customer - centric approach; local presence.

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Fastenal and Amazon Business operate in different segments of the market, and while there may be some areas where Fastenal has a competitive advantage over Amazon, it's important to note that Amazon is a highly formidable competitor with significant resources and capabilities. Phạm Đoàn Việt Hoàng 31221025073

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Fastenal and Amazon Business operate in different segments of the market, and while there may be some areas where Fastenal has a competitive advantage over Amazon, it's important to note that Amazon is a highly formidable competitor with significant resources and capabilities. Phạm Đoàn Việt Hoàng 31221025073

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Nguyễn Phước Anh-31221020535
Fastenal has automated supply technology. Their inventory management ensured fast lead time s, zero stock out and 24/7 custom manufacturing, catering to industrial customer emergency and regular needs through a convenient system. They also has school for employee to train industry specific skills. They introduced vending machine in 2008.