Amazon has gotten bigger, it has boosted investments both in the fulfillment centers that warehouse its goods and in its own network of delivery services to ensure it's not overly reliant on third-party companies such as UPS and FedEx. — AFP
E-commerce stocks were some of the biggest winners in the second quarter, with such companies as Shopify, Wayfair and Etsy reporting year-over-year revenue growth of about 100%, thanks to consumers ordering things online in the pandemic. A decade of e-commerce adoption took place in a matter of months.
But this dramatic shift in consumer buying behaviour wasn’t matched by the physical supply chain on which e-commerce relies. Price increases announced by United Parcel Service Inc and FedEx Corp recently should raise some doubts about the ability of e-commerce darlings to keep growing enough to please investors.
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