Thursday, April 30, 2020

Amazon's Sales jump as Coronavirus Prompts Surge in Online Shopping



Amazon reported soaring quarterly sales as the company experienced a surge in online orders from homebound customers contending with the coronavirus pandemic. According to a tech giant, Amazon revenue has risen by 26% in a time (right now) which is usually the slowest period of the year. Amazon offers a 1-2 day prime membership, which means you will get your things faster. However, due to high demand Amazon experienced trouble getting items to customers quickly. Prime orders sometimes showed monthlong delivery windows. 

In addition, the company has to hire more employees and temporarily raising the pay of essential workers by $2 an hour. This additional pay will apparently cost the company $700 million. This high demand may seem like a good thing for Amazon, but they are spending way more on resources than they ever did before. 

I chose this article because I was curious about how the coronavirus pandemic is effecting huge companies like Amazon. I am a prime member and I want to make sure I am receiving the benefits I was promised by the company. I feel amazon should stop charging prime members during this time if they are not receiving the benefits they are paying extra for.


https://www.wsj.com/articles/amazons-sales-jump-as-coronavirus-prompts-surge-in-online-shopping-11588278740

1 comment:

  1. I really like how Amazon, a company that is being effected in terms of delivery due to coronavirus, is also the company that's profiting as well. Great analysis on the article and nice statistics as well.

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