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Amazon Reports Inflationary Pressures Added $2B in ‘Incremental Costs’

April 29, 2022

Via: RIS News
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Amazon reported a bleak quarter in the face of the pandemic and war in Ukraine, which CEO Andy Jassy said brought “unusual growth and challenges.”

“Today, as we’re no longer chasing physical or staffing capacity, our teams are squarely focused on improving productivity and cost efficiencies throughout our fulfillment network,” he said in a press release. “We know how to do this and have done it before. This may take some time, particularly as we work through ongoing inflationary and supply chain pressures, but we see encouraging progress on a number of customer experience dimensions, including delivery speed performance as we’re now approaching levels not seen since the months immediately preceding the pandemic in early 2020.”

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