Prologis – 'Water is building behind the dam'
…when will it break?
WTC: RIDE THE WAVEFDX: TOP EXEC OUTPEP: TOP PERFORMER KO: STEADY YIELD AND KEY APPOINTMENTAAPL: SUPPLIER IPOCHRW: SLIGHTLY DOWNBEAT BUT UPSIDE REMAINSDHL: TOP PRIORITIESDHL: SPECULATIVE OCEAN TRADEDHL: CFO REMARKSPLD: BEATING ESTIMATESPLD: TRADING UPDATEBA: TRUMP TRADE
WTC: RIDE THE WAVEFDX: TOP EXEC OUTPEP: TOP PERFORMER KO: STEADY YIELD AND KEY APPOINTMENTAAPL: SUPPLIER IPOCHRW: SLIGHTLY DOWNBEAT BUT UPSIDE REMAINSDHL: TOP PRIORITIESDHL: SPECULATIVE OCEAN TRADEDHL: CFO REMARKSPLD: BEATING ESTIMATESPLD: TRADING UPDATEBA: TRUMP TRADE
And nor, the headline should add, is it the Amazon its peers and logistics suppliers normally see.
This exhaustive long read from The New York Times charts the many problems Amazon encountered during the pandemic to keep its operations moving, focusing largely on its enormous New York facility JFK8. While the logistics and e-commerce platforms Amazon has built over the last 20 years are rightly admired, its HR systems have simply not kept pace with the aggressive expansion of its network, leading it to actually lose market share to rivals such as Walmart during the height of the pandemic, as it struggled to overcome severe warehouse worker shortages.
“In contrast to its precise, sophisticated processing of packages, Amazon’s model for managing people — heavily reliant on metrics, apps and chatbots — was uneven and strained even before the coronavirus arrived, with employees often having to act as their own caseworkers, interviews and records show. Amid the pandemic, Amazon’s system burned through workers, resulted in inadvertent firings and stalled benefits and impeded communication, casting a shadow over a business success story for the ages.”
CMA CGM South Korean staff strike over bonuses after bumper 2024 profit
MSC switches two more Asia-Europe port calls from congested Antwerp
CMA airline returns two freighters, while ANA takeover of NCA looms
Front-loading frenzy has made traditional H2 peak season 'unlikely'
Nightmare for Bangladeshi exporters as congestion and tariffs bite
Tradelanes: Export boom in Indian sub-continent triggers rise in airfreight rates
Carriers introduce surcharges as congestion builds at African ports
Mexican airport modernisation plan unlikely to boost cargo facilities
Comment on this article