“Amazon is a dynamic business and we are constantly exploring new locations,” Amazon spokesperson Maria Boschetti told Fox News Digital. “We weigh a variety of factors when deciding where to develop future sites to best serve customers. We have dozens of fulfillment centers, sortation centers and delivery stations under construction and evolving around the world. It’s common for us to explore multiple locations simultaneously and adjust timetables based on needs across the network.”
Just this week Amazon warned officials in Maryland that it plans to close two delivery stations next month in Hanover and Essex, near Baltimore, that employ more than 300 people. The moves are a striking contrast with previous years, when the world’s largest e-commerce company typically entered the fall rushing to open new facilities and hire thousands of workers to prepare for the holiday shopping season. Amazon continues to open facilities where it requires more space to meet customer demand.
Demand destruction without inflation reduction would be the worst of all possible outcomes—and it is unquestionably a potential outcome for the Fed’s interest rate hikes.
The Recession Deepens: Amazon Bails On New Warehouses
What do you think we should do to control inflation, if not increase interest rates?