It's Still Early for Amazon Logistics
Amazon.com (NASDAQ: AMZN) CFO Brian Olsavsky confirmed the retail giant delivers the majority of its packages through its own logistics network, Amazon Logistics, during the company's first-quarter earnings call. And after increasing capital expenditures by 80% over the trailing 12 months and growing its facility footprint by 50% in 2020, you might think the expansion will start to slow after the rush to keep up with pandemic ordering.
Olsavsky had a warning, though: "We are continuing to invest, and we'll see a large investment in this area through 2021 as well. We do think that it may also spill to 2022." Why is that, you may ask. The online retail colossus is transforming its delivery ecosystem in order to cater to an important development over the next few years.
Image source: Amazon.
Source Fool.com
