Coronavirus Outbreak: Amazon says India business most affected due to the COVID-19 lockdown
4 years, 8 months ago

Coronavirus Outbreak: Amazon says India business most affected due to the COVID-19 lockdown

Firstpost  

Announcing its Q1 results for 2020, Amazon said that it would be spending $4 billion in COVID-19 related expenses during its Q2. The global e-commerce giant said that due to the nationwide lockdown it had to cut back on a lot of offerings in India and only deliver essential goods. “I think the biggest impact internationally has been in India where, of course, similar to all companies in India, we’re now only fulfilling our essential goods such as grocery, so that’s cut back a lot on our offering," Brian T Olsavsky, senior vice president and chief financial officer of Amazon saying during an earnings call. Announcing its first quarter results for 2020, Amazon said that it would be spending $4 billion in COVID-19 related expenses during its second quarter.

History of this topic

Covid-19: Omicron surge cripples several businesses, to hit economic recovery
3 years ago
Firms see Covid as top risk
3 years ago
Explained: How businesses plan to expand as Covid situation improves
3 years, 5 months ago
Amazon suffers massive outage globally, including India
3 years, 5 months ago
Amazon, Tata say Indian govt e-commerce rules will hit businesses
3 years, 6 months ago
Amazon Small Business Days is all about shopping big to support the local and small businesses across India
3 years, 6 months ago
As Amazon Hits India’s Job Market & Small Businesses, Need of the Hour is to Rein in the Corporate Giant
3 years, 6 months ago
India's factory activity growth slipped in May as demand fell
3 years, 7 months ago
Amazon donates $5 million of medical equipment to help India fight COVID
3 years, 7 months ago
COVID-19 Relief: Amazon Partners With Global Sellers to Bring 9,000 Oxygen Concentrators to India
3 years, 7 months ago
Amazon Prime Day Sale Paused in India Due to Raging COVID-19 Pandemic
3 years, 8 months ago
Amazon postpones Prime Day sale in India due to surge in COVID-19 cases
3 years, 8 months ago
Amazon Joins US-Based Global Task Force to Bring in Ventilators to Help India Fight COVID-19
3 years, 8 months ago
Second Covid Wave Poses Downside Risks to India's Economic Growth: S&P
3 years, 8 months ago
Amazon Is Getting 100 Ventilators To India Urgently, As The Deadly COVID-19 Wave Continues
3 years, 8 months ago
Flipkart and Amazon Suspend Delivery of Non-Essential Goods Across Delhi Owing to COVID-19 Lockdown
3 years, 8 months ago
How Covid-19, Increased Internet Usage Pushed More Startups to Go Public in India
3 years, 9 months ago
Media reports claimed over 10,000 companies in India were closed in COVID year. A fact-check
3 years, 9 months ago
Coronavirus | India's COVID-19 response saved over 1 lakh lives: Economic Survey
3 years, 11 months ago
2020: How Coronavirus Pandemic Maybe a Masked Opportunity for Indian Startup Ecosystem
4 years ago
2020 Recap: How India survived COVID-19 pandemic - a series of lockdowns, unlocks
4 years ago
New Covid-19 strain not yet found in India: What we know so far about the virus
4 years ago
India's COVID-19 tally crosses 1 crore: A timeline of how the pandemic spread across the country
4 years ago
Add to cart: Amazon.com reports record profits amid pandemic
4 years, 2 months ago
Opinion | Covid and its impact on economy and MSMEs
4 years, 2 months ago
Coronavirus | India past COVID-19 peak, says Science Ministry panel
4 years, 2 months ago
Amazon reveals 19,8000 employees have tested positive for COVID-19
4 years, 3 months ago
Amazon says nearly 20,000 of its workers have had coronavirus
4 years, 3 months ago
India's dependence on China for electronics, smartphones remains high: MEITY in Rajya Sabha
4 years, 3 months ago
India records world's second-highest coronavirus tally, passing Brazil
4 years, 4 months ago
Covid-19 Pandemic Impact to be Severe, Prolonged for Aviation, Hospitality, Retail Sectors: ICRA
4 years, 4 months ago
What Indians have been buying during coronavirus pandemic?
4 years, 5 months ago
Amazon post biggest profit in history as pandemic fuels online shopping
4 years, 5 months ago
82% Corporates Expect to Get Back to Pre-covid Revenue Growth by June 2021: Report
4 years, 5 months ago
Amazon trounces earnings estimates despite spending $4 billion on coronavirus measures
4 years, 5 months ago
India Remains a Key Contributor to Our Global Supply Chain Despite Economic Turbulence: Boeing
4 years, 5 months ago
Breaking News: July 17, 2020 | As it happened
4 years, 5 months ago
India to focus on health, economy as COVID-19 surges, PM Modi says
4 years, 5 months ago
CEA K Subramanian sees V-shaped recovery if coronavirus is contained
4 years, 6 months ago
India to lose 130 million jobs due to Covid-19 pandemic: Report
4 years, 6 months ago
Covid-19 impact: Apparel manufacturers report 84% drop in May sales, says CMAI
4 years, 7 months ago
India gears up for the new normal as consumer behaviour shifts
4 years, 7 months ago
Covid-19 Impact: IT spending in India to fall 8% in 2020, says Gartner report
4 years, 7 months ago
COVID-19 impact: Indian consumers exercise greater decision-making in buying, spending after pandemic outbreak: Deloitte
4 years, 7 months ago
COVID-19 Impact: Retail trade lost business worth Rs 9 lakh cr in 60 days; businessmen facing acute financial crunch, says CAIT
4 years, 7 months ago
Amazon Takes on Zomato and Swiggy, Rolls Out Food Delivery Business in India
4 years, 7 months ago
COVID-19 Impact: Foreign investors pull out $26 billion from Asian economies, over $16 billion from India
4 years, 7 months ago
Coronavirus Lockdown: Indian economy to contract 5% in FY21, worst-ever performance by country, says Goldman Sachs
4 years, 7 months ago
Lockdown impact: India e-commerce market picks pace, may touch ₹7 trln by 2023
4 years, 7 months ago
De-globalisation, a business truth in post-pandemic world: survey
4 years, 7 months ago

Discover Related