Amazon (AMZN) Temporarily Halts Non-Essential Sales In India
Zacks Investment Research | Mar 26, 2020 08:42AM ET
With the rampant spread of coronavirus pandemic across the globe and announcement of lockdowns in many countries, people are compelled to stay at homes. This in turn is creating problems as the company is unable to procure items that are required by consumers on a daily basis.
Recently, the Prime Minister of India, Narendra Modi has also announced a lockdown in the country for at least three weeks due to the coronavirus. This has led to further increase in Internet and online services usage.
Keeping in mind the need for basic essential items, Amazon’s (NASDAQ:AMZN) India unit will halt orders for non-essential products, after having implemented the same move in Italy and France.
The company stated that it will focus on the sale and delivery of essential daily items like household staples, packaged foods, healthcare, hygiene and personal safety products.
These initiatives should allow Amazon to focus on the critical needs of the people.The rapid delivery of these items is expected to help people counter the difficult times.
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