Amazon must pay billions to prevent Christmas season shortages
Amazon has said it’ll pay several billion dollars to manage labor shortages and supply chain problems within the run-up to Christmas.
The company’s chief executive, Andy Jassy said that the retail giant expected to “incur several billion dollars of additional costs” because of “labor supply shortages, increased wage costs, global supply chain problems, and augmented freight and shipping costs.”
The report comes from Amazon revealed that its income had dropped to £2.3bn within the third quarter of 2021. this can be compared to £6.3bn in 2020. Amazon is also facing the impact of workers shortages that it’s started providing one-off payments of up to £3000 to draw in employees in the UK.
In the past, Amazon has faced accusations of poor working conditions both in the UK and the US, where it is the country’s second-largest employer.
While the technology giant said fourth-quarter sales rose 29% to $83.4bn, they fell short of expectations. Profit rose to $20.5bn from $12.6bn.
This #Christmas #Lavida could also face the same situation. However, with absolute bonding with the logistics and with the staff we’ll surely overcome any situation.