Amazon.com Phases out Local Fulfillment Operations, Cuts Roles in Singapore

MT Newswires Live
May 07

Amazon.com (AMZN) said Thursday that it will increase investment in products from its international stores while phasing out local fulfillment operations in Singapore, including Amazon Fresh and grocery partners in Singapore.

The company said demand for products shipped from its US, Japan and Germany stores has grown strongly, with most units sold on Amazon.sg now coming from its International Store.

Customers will still be able to shop in local currency, access local deals and use Singapore-specific Prime benefits, it said.

Amazon said the move will result in the phaseout of local fulfillment operations, including grocery services. The company added it is working with vendors and sellers on alternative ways to continue serving customers.

The restructuring will also affect a small number of roles in Amazon Singapore's stores business, it said. Amazon added that it will provide affected employees with transition support, including severance and career services.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10