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Amazon: Investments to ensure timely deliveries during the holidays



Amazon: Investments to ensure timely deliveries during the holidays

While Amazon had a huge soaring in revenue in the last year thanks to the lockdown and the consequent increase in online shoppinga recent report on the company’s earnings shows it could slow down. Let’s find out all the details together and what it could mean.

Is Amazon’s online shopping likely to slow down?

Amazon’s net sales increased by 15% to $ 110.8 billion in the third quarter. This is a step back from the growth rate of 27% of the previous quarter. For this reason Amazon reveals to the public that the problems of the global supply chainthe shortage of manpower and theincrease in shipping costs could result in “several billion dollars in additional costs” in the next quarter.

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Similarly, Amazon shares fell by 3.8% in trading extended as a result.

Amazon CEO Andy Jassy recently revealed that the company wanted it minimize the impact of these customer and sales partner issues this holiday season. Regarding this, Jassy said:

“It will be expensive for us in the short term but it is the right priority for our customers and partners.”

This also marks the Jassy’s first quarter as CEO of Amazon since Jeff Bezos stepped down earlier this year.

Of course, that doesn’t mean Amazon isn’t making more money. Indeed, quite the opposite. This is the fourth consecutive quarter in which the company it has earned more than $ 100 billion. Even if the online sales are decreaseAmazon Web Services continues to be a big money maker for the company, increasing revenue by the 39% to $ 16.1 billion.

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