Hey guys, if you are a European investor of Amazon there, you have good news. We all know that Amazon is known for widespread functions in many countries where the sales are high. This is a common move from Amazon to get into touch with bigger markets in the world. Jeff Bezos is very clear with the direction Amazon is moving forward. You should know that Amazon is in almost every major market where the potential is high.
Recently, in 2018 Amazon touched the mark of $1 trillion and became the first to ever do it as an e-commerce company. In addition to that, Airway for Amazon’s quick function is developed. Amazon has announced its first Airway hub in Europe. Let’s take a look at this topic and know it’s detailing.
● Amazon recently announced the first-ever airway hub for its products in the market of Europe. This hub is basically for quick and efficient functioning and transportation of goods in the market of Europe. It has a major market in countries like the USA and many more. This airport is in Germany where the Market of Amazon is quite big. This airport is in Leipzig/Halle where the goods will be transported for further deliveries.
● The ongoing Covid-19 pandemic provided Amazon with a huge push to reach its peak. This is done due to the pandemic requiring quick and efficient retail delivery of necessary products. In 2020, Amazon is the leading e-commerce company in the world. Nobody expected to see such growth in this tough situation where many major businesses are in trouble and facing huge losses.
● In 2020, Amazon recorded its peak stock price 2 or 3 times. The Amazon stock price is also increasing, and there is no major drop seen. The airway is basically for providing the necessary products in Europe by airway. During the ongoing pandemic, the need for Amazon to be quick is high. To push up the delivery and functioning period, Amazon has started its own airway hub.
● This new airport covers almost 20,000 square meters which are impressive. Space shows that the operations will be huge in volume. This space will host two big aircraft of Amazon, namely 737-800. Seventy units will be the strength of this airport. You will see the host in the stock market of Amazon from this move. This is because the sales will rise up greatly in numbers due to the fast delivery and availability of products in Europe. You can get the latest information at https://www.webull.com/releases/nasdaq-amzn.
Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.
