A "New Conglomerate" refers to a modern business structure that combines multiple diverse companies under one corporate umbrella. Unlike traditional conglomerates, which often focus on unrelated industries, new conglomerates may integrate companies that share synergies or complementary services, enhancing overall efficiency and innovation. These organizations often leverage technology and data analytics to optimize operations across their various sectors. By fostering collaboration among their subsidiaries, new conglomerates can adapt more quickly to market changes and consumer demands, positioning themselves competitively in the global economy. Examples of such conglomerates include Amazon and Alphabet.