As I already told you, I think that, contrary to the prevailing analysis, Amazon has a flawed economic model and has a structural problem and an inadequacy with the evolution of the world.
The story of the deliveries is pure delirium, as is the incessant ballet of vans and hordes of underpaid and mistreated subcontractors.
This group is a waste of resources, a mine of pollution production, of CO², a total ecological nonsense.
Socially, electronic commerce at this level is wreaking havoc on small businesses and the commercial fabric of our cities, including large ones.
But the worst thing is that Amazon loses money every year and every delivery and only makes money thanks to its subsidiary AWS.
This is the first time that my analysis, which is not soft and heterodox about this value, is not confirmed for the moment, but is reinforced by new facts and they are not at all neutral for the future of Amazon.
You will have understood that I am not a buyer of Amazon shares.
Amazon closes and abandons plans for dozens of warehouses in the United States
Amazon.com Inc, determined to downsize its sprawling delivery operations amid slowing sales growth, has abandoned dozens of existing or planned facilities in the United States, according to a closely watched consulting firm.
MWPVL International Inc, which tracks Amazon’s real estate footprint, estimates that the company has closed or canceled plans to open 42 facilities totaling nearly 25 million square feet of usable space. The company has delayed the opening of 21 more sites, totaling nearly 28 million square feet, according to MWPVL. The e-commerce giant has also canceled a handful of European projects, most of them in Spain, according to the firm.
Just this week, Amazon warned authorities in Maryland that it plans to close two delivery stations next month in Hanover and Essex, near Baltimore, that employ more than 300 people. The moves are a stark contrast to previous years, when the world’s largest e-commerce company rushed into the fall to open new facilities and hire thousands of workers in preparation for the holiday shopping season. Amazon continues to open facilities when it needs more space to meet customer demand.
“There are still serious cuts to be made before the end of the year, in North America and around the world,” said Marc Wulfraat, founder and president of MWPVL. “That said, they continue to bring new facilities into service this year at an astonishing rate.”
Amazon spokeswoman Maria Boschetti said it’s common for the company to track multiple sites at once and make adjustments “according to the needs of the entire network.”
“We weigh a variety of factors when deciding where to develop future sites to better serve customers,” he said in an emailed statement. “We have dozens of fulfillment centers, sorting centers and delivery stations under construction and evolving around the world. »
The closures in Maryland are part of an initiative to move work to more modern buildings, Amazon says. “We regularly review how we can improve the experience for our employees, partners, drivers and customers, and that includes improving our facilities,” Boschetti said. “As part of this effort, we will close our delivery stations in Hanover and Essex and offer all employees the option to relocate to several nearby delivery stations. »
Chief Executive Officer Andy Jassy has vowed to end some of the pandemic-era sprawl that has left Amazon with too much warehouse space and too many employees. The company has generally reduced the number of employees by creating vacancies, slowing down hiring and tightening disciplinary or productivity standards. But warehouse closings are also part of the panoply, and workers are bracing for more. During the second quarter, Amazon’s workforce shrunk by about 100,000 jobs to 1.52 million, the largest quarterly contraction in the company’s history.
The Seattle company has also sought to sublease at least 10 million square feet of storage space, Bloomberg reported in May. »
Source Bloomberg.com here
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