Amazon is taking a step to offset its rising costs, announcing Wednesday it will add a 5% “fuel and inflation surcharge” to fees it charges third-party sellers who use the e-commerce giant's fulfillment services.
“In 2022, we expected a return to normalcy as COVID-19 restrictions around the world eased, but fuel and inflation have presented further challenges,” the company said in the notice.
Though the company is blaming inflation and rising fuel costs for the surcharge, Stacy Mitchell, co-director for the anti-monopoly group Institute for Local Self-Reliance, criticized Wednesday's announcement, saying Amazon was taking advantage of the moment. Many businesses have posted rising profits and 70-year-high profit margins since the pandemic. But executives have also talked openly in earnings calls about raising prices, and then saying the increases were due to inflation. And Lindsay Owens and her organization Groundwork Collaborative have the receipts to prove it. She joined LX News to talk about how many businesses are seeing inflation as a great opportunity to "leave no pricing on the table.
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Amazon adds 5% 'fuel and inflation surcharge' to seller feesAmazon says it will add a 5% “fuel and inflation surcharge” to fees it charges third-party sellers who use the retailer’s fulfillment services.
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Amazon adds 5% 'fuel and inflation surcharge' to seller feesAmazon says it will add a 5% “fuel and inflation surcharge” to fees it charges third-party sellers who use the retailer’s fulfillment services
Leer más »
Amazon adds 5% ‘fuel and inflation surcharge’ to seller feesAmazon is taking a step to offset its rising costs, announcing it will add a 5% “fuel and inflation surcharge” to fees it charges third-party sellers who use the e-commerce giant’s fulfillment services.
Leer más »
Amazon adds 5% 'fuel and inflation surcharge' to seller feesAmazon says it will add a 5% 'fuel and inflation surcharge' to fees it charges third-party sellers who use the retailer's fulfillment services.
Leer más »
Amazon adding 5% 'fuel and inflation surcharge' to seller feesAmazon is taking a step to offset its rising costs, announcing Wednesday it will add a 5% “fuel and inflation surcharge” to fees it charges third-party sellers who use the e-commerce giant's fulfillment services. The Seattle-based company said on its website that the added fees, which take effect April 28, are “subject to change” and will apply to both apparel and non-apparel items. Amazon didn't immediately respond to a request for further details on the move.
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Amazon is adding a 5% fuel and inflation surchargeAmazon said Wednesday that for the first time in company history it will charge sellers a 5% fuel and inflation surcharge.
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