Amazon looks to reduce costs to compete more aggressively on price as consumer habits shift

Amazon is making a concerted effort to lower its costs, aiming to offer more products at a lower average selling price, Amazon CEO Andy Jassy told analysts and investors on a conference call Thursday afternoon. Jassy said the company will expand its use of automation and robotics, continue to build out its same-day delivery network, further regionalize its inbound network, and strive for better inventory placement. He said this will enable faster speeds, more orders per box, and fewer inventory transfers once items reach fulfillment centers. “These cost improvements won’t happen in one quarter or one fell swoop,” Jassy said,… Read More


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