Amazon exec says Omicron's impact on holiday spending uncertain
NEW YORK : A senior Amazon.com Inc executive said it remains too early to predict how the Omicron coronavirus variant will impact consumer spending during the holiday season but suggested that shoppers will press ahead for now. 'It’s very early in the process of understanding what’s happening with the
NEW YORK : A senior Amazon.com Inc executive said it remains too early to predict how the Omicron coronavirus variant will impact consumer spending during the holiday season but suggested that shoppers will press ahead for now."It’s very early in the process of understanding what’s happening with the new variant," said Dave Clark, chief executive of Amazon's worldwide consumer business, during a Sunday morning interview on CBS'"Face the Nation."
Clark said he was"incredibly optimistic" about the ability of scientists and pharmaceutical companies that have developed effective vaccines to respond to the new variant while shoppers take stock of developments."Consumers are going to wait and see in terms of what happens ... but are going to move on with their lives into this holiday season," Clark said.
Clark's comments came amid a backdrop of recent supply chain disruptions the Biden administration has linked to the spread of another coronavirus variant, Delta.The United States and other countries are now imposing travel restrictions after the emerging Omicron variant, first detected in South Africa, began spreading to other parts of the world. In the Netherlands, Dutch health authorities said 13 cases were found among passengers on two flights that landed in Amsterdam on Friday after departing South Africa. headtopics.com
Britain, Denmark and Australia have also found cases in recent days. While there are not documented cases yet in the United States, health experts said the variant could already be present.Clark said consumers for now are forging ahead with reconnecting after prolonged periods of government-mandated lockdowns and other pandemic restrictions.
"People want to have a very thoughtful holiday season and want to prepare themselves to go back out into the world, if you will. And that’s what we’re seeing in their spending," Clark said.Separately, he said the pandemic had induced people to reconsider how they structure their lives and work, contributing to hiring challenges.
"People are looking at their lives so differently through the course of the pandemic," Clark said."People have evaluated what kind of jobs do they want to have, do they want to be in the food service business, do they want to be in retail, do they want to be in fulfillment, do both people in the family want to work? What’s the life structure and setup?"
While Amazon has successfully hired people during the current labor shortage,"it is a challenge," he said.Inflation, meanwhile, is not currently dragging down consumer spending, Clark said. Amazon had"a record-breaking Black Friday," he said. headtopics.com
Shoppers are spending on apparel and home decor, an indication they are planning to come back together, he said. Spending on electronics has dipped, he said, after people invested in home offices for remote work.(Reporting by Mike Spector in New York; Additional reporting by Elizabeth Piper in London; Editing by Mark Porter)Read more: CNA »
UK's PM sorry for partygate scandal amid calls to quit
LONDON — UK prime minister Boris Johnson on Wednesday (Jan 12) offered 'heartfelt apologies' for attending a lockdown-breaching party held in his Downing Street garden, but deflected calls to resign as the opposition leader called him a 'man without shame'.
India's law enforcement agency summons Amazon, Future Group officials over 2019 dealNEW DELHI : India's economic crime-fighting agency summoned officials of Amazon.com Inc and its warring partner Future Group in a case related to alleged violation of foreign investment rules, according to sources with direct knowledge of the matter.Amazon received a summons issued by India's En
Amazon asks India antitrust body to revoke Reliance-Future deal approvalNEW DELHI: Amazon has asked India\u0027s antitrust regulator to revoke its approval for Future Retail\u0027s US$3.4 billion sale of retail assets to Reliance, saying it was \u0022illegally obtained\u0022, violating an order suspending the deal, a letter seen by Reuters shows. The approval for the deal was a \u0022nullity in the ey
Amazon to open Abu Dhabi fulfilment centre by 2024, says govt media officeDUBAI : Amazon has partnered with Abu Dhabi Investment Office (ADIO) to establish a fulfilment centre by 2024 to be built in accordance with the company's carbon-reduction strategies, the Abu Dhabi government's media office said on SundayThe project will create thousands of jobs, boosting Abu Dhabi's logi
Amazon to open Abu Dhabi fulfilment centre by 2024, says government media officeDUBAI: Amazon has partnered with Abu Dhabi Investment Office (ADIO) to establish a fulfilment centre by 2024 to be built in accordance with the company\u0027s carbon-reduction strategies, the Abu Dhabi government\u0027s media office said on Sunday (Nov 28). The project will create thousands of jobs, boosting Abu Dha
OPEC postpones technical meetings to evaluate Omicron impact: Bloomberg NewsOPEC is moving two technical meetings to later this week in order to give committees more time to evaluate the impact of the new Omicron coronavirus variant, Bloomberg News reported on Sunday, citing delegates from some member countries. The Organization of Petroleum Exporting Countries (OPEC) is moving it
Suspected Omicron COVID-19 case found in Germany, regional minister saysBERLIN: The Omicron variant of COVID-19 has probably arrived in Germany, a minister in the western state of Hesse said on Saturday (Nov 27) after mutations were found in a passenger arriving from South Africa. \u0022Last night several Omicron-typical mutations were found in a traveller returning from South Afri Instead of reporting, hope Singapore will quickly react to the NewThreatening variant! 新加坡本月早前到過德國快點站出來！ Coming soon