In the fourth quarter ended December 2021, Amazon‘s e-commerce sales grew by only 1% year-on-year. The group, which has published unaudited figures, posted an annual turnover of US$469.8 billion up by 22%. Net margin reached US$33 billion, up by 56%.
This stagnation of e-commerce (which includes 1P sales from direct e-commerce, and 3P sales from the marketplace) suggests that the period of hyper growth is over, for several reasons like hyper growth history recorded in 2020, supply chain...