Amazon under pressure from fulfillment costs

Amazon under pressure from fulfillment costs
·1 min read

Amazon.com Inc.'s price target was cut to $4,200 from $4,700 at Credit Suisse as fulfillment and shipping costs rise. Amazon has announced plans for 150,000 seasonal hires in addition to more than 150,000 other hires it has announced. "We assume that from a customer service perspective Amazon will expedite delivery/bear the incremental shipping cost," analysts wrote. "As we further anticipate global logistics headwinds do not abate until mid-22, our EBIT estimates for 2H21/22 decrease accordingl

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