The Top Amazon News Stories June 2020

Discover the top Amazon news stories in June 2020 that caught our eye.

June 1-7

Amazon CEO Jeff Bezos rebuffs warehouse safety concerns: ‘We’ve taken this seriously from the beginning: Annie Palmer at CNBC reports that Amazon CEO, Jeff Bezos, defended the company’s response to the coronavirus crisis at its annual shareholders meeting on Wednesday. Shareholders pressed Bezos and other Amazon executives for answers on the company’s treatment of warehouse workers, the potential for fallout from enhanced scrutiny of Amazon, and for updates on its progress around issues related to the environment and pay equity. There were no shareholder resolutions on the docket that dealt with warehouse working conditions. Continue reading…

Amazon secures record-low borrowing costs: The Financial Times reports that Amazon locked in some of the lowest borrowing costs ever secured in the US corporate bond market on Monday, underscoring the rise of the ecommerce giant during the coronavirus pandemic and the boost the Federal Reserve has provided through its historic interventions. The company raised $10bn in an offering that included three-year notes carrying an interest rate of just 0.4 per cent, according to people briefed on the matter. Continue reading…

Jeff Bezos

Jeff Bezos is buying a stake in UK digital supply chain startup Beacon: Natasha Turak at CNBC reports that Amazon’s CEO, Jeff Bezos, is investing in UK digital freight forwarding and supply chain finance firm Beacon. The world’s richest man is taking part in a Series A fundraising round worth $15 million for the British startup. Freight forwarding is a trillion-dollar industry and Beacon aims to act as the booking agents between importers and exporters while facilitating trade logistics and finance through the use of AI, search optimisation, data science, cloud and automation technologies. Continue reading…

Amazon faces a crucible moment with employees: Denise Lee Yohn at Forbes reports that Amazon is at a crossroads. Amazon and CEO Jeff Bezos are facing sharp criticism over their treatment of Amazon employees – and the way the company responds to the objections may well determine its future. The ordeal over Amazon’s employee engagement can serve either as the stumbling block that causes the company to stagnate and perhaps even decline or as a shot in the arm that refocuses and reenergises the organisation. Continue reading…

Amazon UK website defaced with racist abuse: Russell Hotten at BBC News reports that Amazon has blamed a “bad actor” for racist abuse that appeared on multiple listings on its UK website. The abuse, now removed, appeared when users searched the online shop for Apple AirPods and similar products. It was unclear how long the racist language remained on the site, but it sparked outrage on Twitter and the sharing of screenshots and video grabs. “We investigated, removed the images in question and took action against the bad actor,” Amazon told the BBC. Continue reading…

Quote of the month:
“Life is 10% what happens to me and 90% how I react to it.”

Charles Swindoll

Free trial





Source link