I'm Declaring Amazon the Winner of 2020's COVID-19 Contagion
It's difficult to believe right now, but there will come a time when the novel coronavirus nightmare is nothing but a fading memory. People will go back to their actual workplaces. Consumers will set foot in stores again. Things will return to normal.
The time between now and then, however, is either an opportunity or a curse. Some companies are crumbling under the pressure, while others are setting the stage for a business boom coming out of the COVID-19 pandemic. Amazon.com (NASDAQ: AMZN) is not only one of the latter, but perhaps the organization best positioned to see a permanent benefit from what it's doing right now to deal with the situation.
The proverbial dots aren't tough to connect. Consumers are (mostly) stuck at home, but they still need the goods necessary for everyday life. Some are also willing to splurge a little, treating themselves to a new toy, gadget, or gizmo to help pass the time. They're just doing most of that shopping online at this time. Amazon is so overwhelmed, in fact, that it's looking to hire on the order of 100,000 warehouse workers to keep up with demand.
Source Fool.com
