bullish
Fixing the Supply Chain
SUMMARY
- In an interesting turn of things, a leaked internal memo from Amazon dated back to the mid of 2021 showed that the company could run out of warehouse workers by 2024.
- Amazon, along with Walmart and Target, continues to suffer from high staff turnover across logistics & warehousing (the industry average stands at 49%, but is higher at the big three).
- This has resulted in companies offering incentives, wage increases, and flexible working hours to retain top talent, with margins shrinking as a result.
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