Posts

Showing posts from November, 2020

How much did Amazon grow in 2020?

Image
Image source: markets.businessinsider.com It comes as no surprise that among global businesses, Amazon would be on top this year despite having one of the worst economic year in decades. Because of the outbreak of COVID-19, most companies had to deal with losses. But for an e-commerce giant like Amazon, the situation would only highlight their strength in logistics during this opportunity. Here is how Amazon grew as a business in 2020. Steve Sorensen Embezzlement. As a publicly traded entity, Amazon gained trust for its logistics capability and it skyrocketed since, for many, it replaced retail shopping altogether. And with that in mind, people invested more on their stocks and offerings. One could even say that the recent debacle with the US Postal Service also gave way for Amazon to secure more businesses as partners and customers. Steve Sorensen Embezzlement. Image source: ft.com We mentioned that Amazon’s e-commerce space replaced retail shopping. Because of the outbreak