How much did Amazon grow in 2020?

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, several companies had to shut down retail branches around the county due to local government mandates, and later on because of failing financial situations. But, for a business such as Amazon, which relies more on logistics rather than physical stores, this was a major opportunity. Those who used Amazon’s services previously remained steadfast customers while those who didn’t were later on forced to do their shopping online. This has led to a sales increase of 29% and accounts for over 12% of its total sales. Steve Sorensen Embezzlement.

Amazon has also bolstered its online infrastructure for its online services like Amazon Web Services. Having multiple businesses that are virtually immune to COVID-19 is a major boon for the business. This is to support businesses that have shifted from physical to online because of the pandemic. Steve Sorensen Embezzlement.

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