Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please discuss about this passage With inflation showing little sign of slowing, concerning GDP growth, and a difficult hiring market, Amazon needs to cut costs

Please discuss about this passage

With inflation showing little sign of slowing, concerning GDP growth, and a difficult hiring market, Amazon needs to cut costs in order to maximize profits. One way to do is by managing their fuel and energy expenses. The biggest impact to high inflation numbers in June was the price of fuel, and Amazon uses a lot of it for their global logistics operation. Amazon can lower fuel costs through negotiated contracts with fuel vendors, smarter site selection for warehousing, and more efficient last-mile routing. They can also invest into electric vehicles and renewable energy for their distribution centers, warehouses, and AWS facilities.

With more than 1 million employees, labor is another major expense for Amazon. Amazon fears that unionization of their workforce will significantly increase their ability to keep their prices low and maximize profits. They have invested heavily into preventing and challenging the creation of unions at Amazon warehouses.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Reporting and Analysis Using Financial Accounting Information

Authors: Charles H. Gibson

13th edition

1285401603, 1133188796, 9781285401607, 978-1133188797

Students also viewed these Economics questions

Question

Describe the six elements of communication.

Answered: 1 week ago