"Amazon is well positioned from a capacity standpoint heading into the holiday season, following a successful test over Prime Day and the elevated investment in fulfillment. Amazon remains one of the best positioned companies for the acceleration to digital in retail and the transition to cloud services," Stifel said.
"The ability to handle retail demand through the holiday season is a key question/concern and was a leading topic of discussion on the call. Capacity will likely be tight across the industry, but the company feels good about its capacity position given the investment in fulfillment and people, many focused on the transportation leg. QTD over 100,000 more employees has been added," Stifel said.
"We believe Amazon is well positioned to continue to benefit from the current secular shifts in eCommerce and cloud computing and is well-prepared for the holiday season as plans to invest in capacity were in motion prior to the pandemic," Stifel concluded.
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