Amazon.com Inc. chief Andy Jassy in an interview at the Bloomberg Technology Summit in San Francisco, acknowledged its consumer chief departure and continued investments in risky bets like autonomous vehicles, video streaming, and internet satellites amid odds.
Clark Dave wanted a different gig at this point, Jassy said. Dave was instrumental in building Amazon’s massive warehousing and logistics network, which played a critical role during the pandemic as activities shifted online.
However, the pandemic recovery has left Amazon overstaffed and over-spaced, which Jassy had apprehended as a short-term phenomenon. Therefore he looked to sublease some of its facilities.
However, the global supply chain crisis continues to bite. Amazon placed orders significantly earlier than usual and worked to get access to more ports, Jassy added….