High delivery and warehousing costs hit Amazon in the bottom line – RetailWire

Amazon.com posted its 1st quarterly loss since 2015 as the enterprise faced bigger prices to operate its warehouses and shipping goods to clients. CEO Andy Jassy claimed Amazon faces problems that it is well prepared to satisfy. “This may perhaps take some time, especially as we do the job through ongoing inflationary and offer chain pressures, he reported. “We see encouraging progress on a variety of client knowledge proportions, which include shipping and delivery velocity efficiency as we’re now approaching concentrations not observed considering that the months right away preceding the pandemic in early 2020.”