Amazon: 2023 letter to shareholders
Published today, 11 April, the full letter can be downloaded here.
Amazon is banking on a re-worked Nafta agreement which could see Mexico raise the $50 limit on the value of online purchases that can be imported duty-free. But the firm has deep pockets and can afford a gamble, which is presumably why it is opening a 1m sq ft warehouse outside Mexico City. It will triple Amazon’s distribution space in the country, where last year it doubled its sales to $253m. Mexico is a slow-comer to the online marketplace, and less than 3% of retail sales are made online. Clearly Amazon expects that to change – and either way, if the border remains relatively porous, it could also use the warehouse to distribute in the US too.
MSC Aries now bound for Iran, and crisis will be 'a catalyst for higher rates'
Urgent call for breakdown of cargo onboard as General Average declared on Dali
Hong Kong drops out of world's top 10 busiest container ports
Iranian troops seize MSC box ship while Somali pirates net $5m ransom for bulker
Flexport is 'back on track' – now it needs to start growing again
Bottlenecks and price hikes as airlines now avoid Iran airspace
Capture of MSC Aries will further drive up Indian export costs
Iran may now pose a threat to multimodal supply chains via Dubai
Alex Lennane
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During August 2023, please contact
Alex Whiteman
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Alessandro Pasetti
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