Amazon is Running Out of Storage Space...And Manpower

The Motley Fool2021-08-02

There were weeks last year when Amazon.com, the world's largest e-commerce company, turned away stock shipments to its warehouses due to a lack of storage space and warehouse employees. Seven months ...

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psn
2021-08-02
psn
Wow
Jaminwu
2021-08-02
Jaminwu
wow
BlueDragon
2021-08-02
BlueDragon
Like
Kevinchai
2021-08-02
Kevinchai
Buy the dip
Charmazed
2021-08-02
Charmazed
Ecom r good investment for now
Abu888
2021-08-02
Abu888
Like my comment
- Tgrrrrrqq:
  okay
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  Thanks

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Despite doubling its warehouse and transportation network in the last 18 months and employing as many people as the active personnel in the U.S. Armed Forces, new figures show Amazon is investing in unthinkably vast amounts of square footage for storing and shipping goods.\nWe're Hiring! (Anyone We Can Get)\nAmazon shares dropped 7% on Friday after the company lowered sales growth estimates, but for many investors, logistics are the bigger concern. An exceedingly tight labor market has forced Amazon to raise wages and throw in signing bonuses just to attract enough staff. Even with 1 out of every 153 American workers an Amazon employee and a global workforce of 1.3 million, the labor search persists.\nAmazon also has a history of breaking open the piggy bank to capture long-term market share, often to the detriment of short-term profit. 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