$AMZN has the right businesses to weather the coronavirus pandemic -- but will its spending outpace its revenue?
This article is part of a series tracking the effects of the COVID-19 pandemic on major businesses, and will be updated. It was originally published on April 13.
However, as Amazon has proved many times, its spending can easily outpace revenue even if sales are extremely strong. As the company ramps up hiring — a push to add 100,000 new workers recently grew by another 75,000 to meet demands in retail — its infrastructure, and bottom line, will be taxed.
Because Amazon’s logistics operation is optimized for efficiency rather than responsiveness, it will likely continue to struggle under the weight of shifting demand and inconsistent replenishment volumes for at least several more months, Brittain Ladd, chief logistics and marketing officer at Pulse Integration, said in late March. Still, he anticipates Amazon will emerge as a grocery-shopping behemoth, via Whole Foods Market, on a par with Kroger Co. KR, -0.18% .
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April 9: Amazon said it plans to test front-line workers — and eventually all of its workers — for COVID-19. “Regular testing on a global scale across all industries would both help keep people safe and help get the economy back up and running,” the company said in a blog post. The online-retail powerhouse has started assembling equipment to build its first lab.
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Amazon Fires Two More Employees After Calling Out Warehouse Working ConditionsI am a breaking news reporter for Forbes in London, covering Europe and the U.S. Previously I was a news reporter for HuffPost UK, the Press Association and a night reporter at the Guardian. I studied Social Anthropology at the London School of Economics, where I was a writer and editor for one of the university’s global affairs magazines, the London Globalist. That led me to Goldsmiths, University of London, where I completed my M.A. in Journalism. Got a story? Get in touch at isabel.togohforbes.com, or follow me on Twitter bissieness. I look forward to hearing from you.
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