Amazon’s India business worst hit worst by COVID-19

Amazon Inc. said that’s its India operations were the worst hit due to the outbreak of covid-19 pandemic as the centre ordered the company to stop sales of almost all items but groceries during a 40-day lockdown.


“I think the biggest impact internationally has been in India where, of course, similar to all companies, we’re now only fulfilling essential goods such as grocery; so that’s cut back a lot on our offering and we will further expand when the Indian government announces that we’re allowed to resume operations. So we’re in a bit of a holding pattern, except for grocery in India,” said Brian T. Olsavsky, senior vice-president and chief financial officer, in an earnings call.

In India, e-commerce firms namely Amazon and Walmart-owned Flipkart have been allowed to only deliver essential goods during the lockdown that is now been extended by two more weeks from 4 May.

The listed essential items form only a small part of Amazon’s overall business, which depends majorly on the sale of electronic goods, mobile phones and fashion products.

Olsavsky further said the covid-19 crisis has brought different challenges in countries around the globe but that Amazon has also noticed a lot of consistency in the types of products that people are buying with the stay-at-home restrictions.


The Banking & Finance Post is an initiative of Elets Technomedia Pvt Ltd, existing since 2003.
Now, Elets' YouTube channel, a treasure of premier innovation-oriented knowledge-conferences and awards, is also active. To Subscribe Free, Click Here.

Get a chance to meet the Who's who of the NBFCs and Insurance industry. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram & Pinterest.