How Amazon ended up with too much warehouse space - and what it's planning to do next - GeekWire
Today as Panzer was tootling around in the Catosphere he heard crying and the gnashing of teeth outside the Panzermobile. Following all the noise, took our brave kitty boy to the GeekWire site. There he found a post about Amazon and the Covid-19 pandemic.
Even Amazon can't foretell the future.
According to Todd Bishop's post, during the pandemic Amazon began adding warehouse fulfillment space to try to outpace rising sales demand. Now as the pandemic slows down customers are buying less through Amazon. Consequently, sales are down 3 percent and the company finds itself with more warehouse space than necessary. Those warehouse costs are weighing on the company and the stock market doesn't like it. The stock price fell immediately after the company's announcement of the drop in sales.
Panzer says, "Amazon is slowing down on building warehouses."
Note: This is a medium length post. Bring a cup of tea and a muffin for your reading today.
To read the post tootle over to Amazon warehouses
Even Amazon can't foretell the future.According to Todd Bishop's post, during the pandemic Amazon began adding warehouse fulfillment space to try to outpace rising sales demand. Now as the pandemic slows down customers are buying less through Amazon. Consequently, sales are down 3 percent and the company finds itself with more warehouse space than necessary. Those warehouse costs are weighing on the company and the stock market doesn't like it. The stock price fell immediately after the company's announcement of the drop in sales.
Panzer says, "Amazon is slowing down on building warehouses."
Note: This is a medium length post. Bring a cup of tea and a muffin for your reading today.
To read the post tootle over to Amazon warehouses
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