Wed. Dec 1st, 2021

Amazon will spend billions upon billions to reduce the impact on buyers and sellers during the holidays

Pictures: Sebastian Bojan / AFP (Getty Images)

Now, you probably know that Maybe A A little hard Buy all the gifts you want for this year’s holiday. This is one of the consequences of a global lifestyle Supply chain crisis. But Amazon, one of the world’s largest online retailers, isn’t letting this or a range of other factors get in the way of its peak season. The solution: billions of buckets.

A News release Announcing its third-quarter results on Thursday, Amazon said it had made “extraordinary investments” across the company to meet customer demand during the epidemic – and it hadn’t been spent. The company will dish out a “multi-billion dollar” in the last quarter of the year – a period from Black Friday to the week before Christmas, which is usually its Top season– To alleviate potential shipping delays and stock issues.

Andy Jesse, CEO of Amazon, said the company has always prioritized what is best for customers in the long run rather than short-term profits.

“In the fourth quarter, we expect our customer business to incur additional billions of dollars in costs due to labor shortages, increased wage costs, global supply chain problems and increased freight and shipping costs – this holiday season To reduce the impact on customers and sales partners during the season, ”Jesse said in a statement.

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

Jesse commented on Amazon’s future spending plans the day the company announced weak third-quarter results. Its operating income fell $ 4.9 billion from 6.2 billion in the third quarter of last year. Meanwhile, net income fell $ 3.2 billion. In the third quarter of 2020 it was $ 6.3 billion.

The global supply chain crisis is expected to cause shipping delays – which is determined by a Innumerable Reasons, from container shortages and Overwhelmed port Natural disasters and, among others, affect the shortage of truck drivers and warehouse workers এবং and the availability of goods.

Recent data from Adobe Analytics suggests that messages out of online stock will increase by 172% this holiday season compared to 2020, CNBC reported. The categories of clothing, toys, baby products and electronics products are expected to be most affected.

While I understand that gifts are an important part of the holidays, it would be good to direct our efforts to make sure we have affordable access, rather than focusing on getting more things that people probably don’t need-and billions of buckets. What we all need, such as food and other necessities. But hey, isn’t that a holiday, so who cares, isn’t it?

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