Amazon reported an 11% year-over-year growth in their Q3 figures, surpassing their top-end predictions. CEO Andy Jassy attributed this success to reduced servicing costs stemming from an enhanced fulfillment network and heightened efficiency. This has enabled more same-day and next-day deliveries, leading to bigger order values and more frequent shopping.
Furthermore, this year’s Prime Day was the most successful yet, offering consumers savings of $2.5 billion through an unprecedented number of deals. As for Amazon Web Services (AWS), its growth stabilized at 12% YOY. Jassy emphasized that AI remains central to AWS’s strategy, positioning it as an essential collaborator for future enterprise AI ventures.
Download Harvest Group’s recap with takeaways for suppliers here:
