As I’ve already advised you, I imagine, opposite to the prevailing evaluation, that Amazon has a defective financial mannequin and has a structural drawback and is unsuitable for the event of the world.
The supply story is pure delirium, just like the fixed ballet of carriages and hordes of subcontractors who’re as poorly paid as they’re mistreated.
This group is a waste of sources, a mine to supply air pollution, for carbon dioxide, a complete ecological nonsense.
In social phrases, e-commerce at this degree is destroying small companies and the industrial cloth of our cities, together with giant ones.
However the worst factor is that Amazon loses cash yearly and each supply and solely makes cash due to its subsidiary AWS.
That is the primary time that my evaluation, which isn’t too fluffy and unorthodox about this worth, will not be affirmed these days however is considerably strengthened by new information and isn’t in any respect neutral for the longer term. from amazon.
You’ll perceive that I’m not a purchaser of Amazon inventory.
Amazon closes and abandons plans for dozens of warehouses in america
Decided to reduce its sprawling deliveries amid slowing gross sales development, Amazon.com has determined to desert dozens of present or deliberate services in america, based on a carefully watched consultancy.
MWPVL Worldwide Inc, which tracks Amazon’s actual property footprint, estimates that the corporate has both closed or canceled plans to open 42 properties totaling about 25 million sq. toes of usable area. The corporate has delayed the opening of 21 extra areas, with a complete space of almost 28 million sq. toes, based on MWPVL. The e-commerce big has additionally canceled a number of European tasks, principally in Spain, based on the corporate.
Simply this week, Amazon warned authorities in Maryland that it plans to shut two supply stations subsequent month in Hanover and Essex, close to Baltimore, which make use of greater than 300 folks. These strikes signify a stark distinction to years previous, when the world’s largest e-commerce firm rushed into the autumn to open new services and rent hundreds of employees in preparation for the vacation buying season. Amazon continues to open services when it wants extra space to fulfill buyer demand.
“There are nonetheless vital cuts to be made earlier than the tip of the 12 months — in North America and around the globe,” stated Mark Wolfrat, founder and president of MWPVL. “Nonetheless, they proceed to deliver new services into service this 12 months at an astonishing charge.”
It is common for the corporate to crawl a number of websites concurrently and make changes “based mostly on the wants of your complete community,” stated Maria Boschetti, an Amazon spokeswoman.
“We weigh quite a lot of elements when deciding the place to develop future websites to higher serve clients,” she stated in an emailed assertion. “We’ve dozens of achievement facilities, sorting facilities and supply stations underneath development and growth around the globe.”
Amazon says the shutdowns in Maryland are a part of an initiative to shift the enterprise to extra fashionable buildings. “We’re often reviewing how we will enhance the expertise for our staff, companions, drivers and clients, and this consists of upgrading our services,” Boschetti stated. As a part of this effort, we might be closing our supply stations in Hanover and Essex and providing all staff the choice to relocate to a number of completely different supply stations close by. »
CEO Andy Gacy has vowed to finish a few of the pandemic-era growth that has left Amazon with loads of warehouses and plenty of staff. The corporate has typically decreased headcount by leaving vacancies, slowing hiring, and tightening disciplinary or productiveness requirements. However warehouse closures are additionally a part of the general bundle, and employees are making ready for extra. In the course of the second quarter, Amazon’s workforce shrank by almost 100,000 jobs to 1.52 million, the biggest quarterly contraction within the firm’s historical past.
The Seattle firm has additionally sought to lease no less than 10 million sq. toes of warehouse area, Bloomberg reported in Could. »
Supply Bloomberg.com right here