The world's largest online retailer on Thursday reported $2 billion in incremental costs from having excess fulfillment and transportation capacity, a dramatic shift from just two years ago when Amazon had to turn away merchants' goods because it had room only for vital supplies.
The company is lowering its capital expenditure plans for 2022, its Chief Financial Officer Brian Olsavsky said. Amazon will spend less on fulfillment projects this year than last, while transportation investments will be flat to slightly down.
The company is lowering its capital expenditure plans for 2022, its Chief Financial Officer Brian Olsavsky said. Amazon will spend less on fulfillment projects this year than last, while transportation investments will be flat to slightly down.
The world's largest online retailer on Thursday reported $2 billion in incremental costs from having excess fulfillment and transportation capacity, a dramatic shift from just two years ago when Amazon had to turn away merchants' goods because it had room only for vital supplies.
The company is lowering its capital expenditure plans for 2022, its Chief Financial Officer Brian Olsavsky said. Amazon will spend less on fulfillment projects this year than last, while transportation investments will be flat to slightly down.
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