What happened: A new report indicates Amazon.com Inc. (NASDAQ: AMZN) needs to invest billions of dollars into the expansion of its warehouse and delivery system to keep up with consumer demand. Reuters reports the online retailer is running out of space and available labor.
Amazon has almost doubled its network of warehouses in an 18 month period, although more investments are being planned.
Why it’s important: Amazon is “running out of labor,” according to Andrea Leigh, vice president…
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