If you’re an online shopper, you undoubtedly know who and what Amazon does. The company is the number 1 online retailer in the world, and raked in over $48 billion last year in revenue. That’s a staggering figure, but realizing how this is achieved, and the extent to what it actually cost those who provide the company with the means for the revenue is somewhat shocking.
MBAOnline, recently released an infographic detailing the effects of a “save money wherever” atmosphere such as Amazon. Most notably, the report points out; how Amazon does not donate to charities, despite having $5 billion in cash reserves, how small book publishers lose over $3 per transaction, due to Amazon’s 45% discount purchase on books, and how 15 of 1600 workers at one warehouse collapsed under poor working conditions (heat exhaustion from 102 degree temperatures), with six being rushed to the ER. And for those 15 workers, all received disciplinary action for not continuing to work.
Honestly, there are some interesting facts about the company that everyone should know. Have a look at the infographic and let us know if Amazon has the right or wrong approach.