PROCUREMENT
LET ’ S GET THIS straight ; a man who recognises the meteoric rise of the internet as early as 1994 , and believes in himself so much he quits his job , moves house and starts a brand new type of company , is an interesting , if not impressive man .
A self-made billionaire , Jeff Bezos has built up his empire primarily off the back of his e-commerce creation , Amazon . com and now ranks at number 17 on the Forbes rich list with an estimated personal fortune worth $ 30.5 billion as of August 2014 . Shares in Amazon rose an astonishing 55 percent in 2013 and last October he bought the Washington Post for $ 250 million .
But now Amazon faces a fresh prospect of invigorating the distribution network of its online retail services and Bezos himself will surely be looking to crack this latest conundrum , with aggressive progression being the key . But it is global issue with an extensive spider web of problems .
In March it was revealed the firm would be revamping its US shipping network by significantly reducing its dependency on delivery giants UPS and FedEx , and instead routing orders through Amazon ’ s 55 fulfilment centres , with a promise to make deliveries in two days through the United States .
According to inside sources , operations will instead be geared up to utilise and exclusively support local courier firms and the US Postal Service . This is as well as creating its own private fleet for the conceived expansion of Amazon Fresh ; a grocery business unit historically only available in Seattle , San Francisco and Los Angeles but being made available to nearly 40 US markets in 2014 .
This has been a troublesome and cumbersome operation though and the fact transportation expenses have continued to spiral , and reached $ 6.6
‘ Jeff Bezos has built up his empire primarily off the back of his e-commerce creation , Amazon . com and now ranks at number 17 on the Forbes rich list with an estimated personal fortune worth $ 32.9 billion ’
24 September 2014