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Amazon to spend billions to manage labour shortage crisis

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4 years ago

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Amazon will spend several billion dollars to manage labour shortages and supply chain issues in the lead up to Christmas

The online retail giant says it was doing “whatever it takes to minimise the impact” on customers and sellers.

The warning comes as its net income drops to $3.2 billion in the third quarter, compared to £6.3 billion at the same time in 2020.

The company’s Chief Executive, Andy Jassy says Amazon is expected to “incur several billion dollars of additional costs” due to ongoing labour shortages.

It follows a string of increased wage costs, global supply chain issues, and increased freight and shipping costs.

Jassy says it will be “expensive” in the short term, but it’s the right move for the company’s customers and partners.

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Costa is a news producer at ticker NEWS. He has previously worked as a regional journalist at the Southern Highlands Express newspaper. He also has several years' experience in the fire and emergency services sector, where he has worked with researchers, policymakers and local communities. He has also worked at the Seven Network during their Olympic Games coverage and in the ABC Melbourne newsroom. He also holds a Bachelor of Arts (Professional), with expertise in journalism, politics and international relations. His other interests include colonial legacies in the Pacific, counter-terrorism, aviation and travel.

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