Amazon to pay billions to prevent Christmas shortages
3 years, 4 months ago

Amazon to pay billions to prevent Christmas shortages

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Amazon will spend billions of dollars to try and manage labour shortages and supply chain issues in the run up to Christmas, it has been reported. The company’s chief executive, Andy Jassy, said that the retail giant expected to “incur several billion dollars of additional costs” due to “labour supply shortages, increased wage costs, global supply chain issues, and increased freight and shipping costs”. Amazon’s lacklustre results come as retailers warn shoppers to get their Christmas orders in early due to supply chain issues. CEO Tim Cook blamed the problems on supply chain issues, including an industry-wide chip shortage and “Covid-related manufacturing disruptions in southeast Asia”.

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History of this topic

Apple CEO Tim Cook Says COVID-19, Chip Shortage Hurt Company By Up To $8 Billion
2 years, 11 months ago

Apple CEO Tim Cook Says COVID-19, Chip Shortage Hurt Company By Up To $8 Billion

News 18  

Despite an ongoing chip shortage and the ever-lasting COVID-19 pandemic, iPhone-maker Apple has announced a record-breaking March quarter revenue of $97.3 billion, a 9 percent increase from the same time last year. Apple CEO Tim Cook in an earnings call said that the constraints from chip shortage and COVID-19 pandemic have affected the company in the range of $4 billion? …

Supply chain pressures to lead to Christmas price hikes, companies warn
3 years, 3 months ago

Supply chain pressures to lead to Christmas price hikes, companies warn

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Smaller businesses are preparing to …

Apple warns of supply chain woes while Amazon faces increased labor costs
3 years, 4 months ago

Apple warns of supply chain woes while Amazon faces increased labor costs

Live Mint  

Apple Inc. and Amazon.com Inc. reported quarterly results that showed how supply-chain problems and tight labor markets are tripping up even some of the biggest business winners of the pandemic era. Apple, which had record 12-month profit nearing $100 billion, warned that supply-chain disruptions are hindering iPhone and other product manufacturing and would bring increased challenges during the important holiday-shopping …

Apple results hit by supply chain woes
3 years, 5 months ago

Apple results hit by supply chain woes

Al Jazeera  

Chief Executive Tim Cook said that the impact will be even worse during the current holiday sales quarter. Supply chain woes cost Apple Inc $6bn in sales during the company’s fiscal fourth quarter, which missed Wall Street expectations, and Chief Executive Tim Cook said that the impact will be even worse during the current holiday sales quarter. Cook told Reuters …

Majority of retailers set to raise prices due to supply chain issues
3 years, 5 months ago

Majority of retailers set to raise prices due to supply chain issues

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Details come despite Chancellor Rishi Sunak playing down concerns, …

Shoppers warned ‘order Christmas presents now’ over supply chain woes
3 years, 6 months ago

Shoppers warned ‘order Christmas presents now’ over supply chain woes

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. “The logistics industry does not see 2022 as …

Amazon ‘in talks to turn struggling mall department stores into warehouses’
4 years, 7 months ago

Amazon ‘in talks to turn struggling mall department stores into warehouses’

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Simon Property, one of …

Amazon's threat in Australia: Are retailers downplaying its impact this Christmas?
6 years, 4 months ago

Amazon's threat in Australia: Are retailers downplaying its impact this Christmas?

ABC  

A survey of some the nation's leading retailers shows most of them are not worried about the Amazon threat, are expecting to boost online sales during Christmas and plan to offer customers strong discounts on Boxing Day. Deloitte's 2018 Retailers' Christmas Survey found that 83 per cent of 30 small and large Australian retailers surveyed believe Amazon will not have …

Is Amazon going to crash the retailers' Christmas party?
7 years, 6 months ago

Is Amazon going to crash the retailers' Christmas party?

ABC  

As if retailers weren't having a tough enough time already, now it looks likely the global giant Amazon is going to crash their Christmas party. Key points: Amazon has already secured staff, suppliers and a warehouse for a pre-Christmas opening Competition initially is likely to focus on price which will drive down margins Citi estimates Amazon could cost existing retailers …

More Money, More Problems For Amazon
7 years, 8 months ago

More Money, More Problems For Amazon

NPR  

More Money, More Problems For Amazon Enlarge this image toggle caption Mark Lennihan/AP Mark Lennihan/AP This week Amazon became the fourth company in the U.S. worth half a trillion dollars. "Every tube of toothpaste I needed to buy, videos, books for my kindle, resources for my classroom, every gift I sent through Amazon.you name it, I bought it at Amazon," …

From the online to the physical: why Amazon wants to spend $13.7bn on snapping up Whole Foods
7 years, 9 months ago

From the online to the physical: why Amazon wants to spend $13.7bn on snapping up Whole Foods

The Telegraph  

For almost a decade Amazon has been dipping its toes into the choppy waters of grocery retailing. But on Friday the online giant created a cannon-ball splash with a stunning $13.7bn swoop on US upmarket grocery chain Whole Foods. The dramatic deal confirmed what had long been feared: Amazon was going on the offensive on the turf of traditional supermarkets. …

Apple not turning 'blind eye' to supply chain problems: Cook
13 years, 2 months ago

Apple not turning 'blind eye' to supply chain problems: Cook

Firstpost  

Cook was responding to a report in The New York Times about working conditions at Apple’s main contract manufacturer, Foxconn, in China. San Francisco: Apple Inc has never turned “a blind eye” to the problems in its supply chain and any suggestion it does not care about the plight of workers is “patently false,” Apple Chief Executive Tim Cook said …

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