Amazon might be an e-commerce giant, but it has also felt the squeeze of these global supply chain pressures. Analysts disagree about how successful this year’s Prime Day event really was.
Amazon.com Inc.’s June Prime Day event didn’t just drive sales, it also pushed product through a supply chain that has been twisted in knots by COVID-19.
See: Nike manufacturing in Vietnam grinds to a halt due to COVID-19, creating another supply chain challenge “Amazon is working a lot closer to capacity than in the past. It’s working with a smaller margin of error,” Leigh said.Amazon reported second-quarter sales on July 29 that have slowed since jumping in other recent quarters.
Despite having 950,000 U.S. employees, according to its second-quarter earnings release, the company continues to add workers along with facilities. On Thursday, Amazon announced a new fulfillment center coming to St. Lucie county Florida in 2022. The facility will span one million square feet and create 500 new jobs.
“Prime Day revenue passed the record set during last year’s sale which fell in 4Q. We note Prime Day has fallen in different quarters in each of the last three years skewing growth rates in various quarters.”
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