Amazon Reports $3.8 Billion Q1 Loss on Higher Labor, Transport Costs – Sourcing Journal
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Inflation across a number of levers continues to stare down Amazon.com Inc. Rising transportation rates, labor and other increased costs are now weighing on the e-commerce behemoth as it aims to trim inefficiencies out of its network. Shares of Amazon plunged in after-hours trading Thursday after the company reported disappointing first-quarter earnings results and sales…
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