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.
