Amazon warns of soaring supply chain costs as profits halve

Amazon fulfilment socially distanced

Amazon has posted a plunge in quarterly earnings and expects to bear vast costs as it confronts supply chain and labour shortage challenges.

Amazon recorded net income of $3.2bn (£2.3bn) in the third quarter to September 30, down from $6.3bn (£4.6bn) last year, and said it would spend billions in additional costs over the golden quarter. The online giant posted net sales up 15% to $110.8bn (£80.4bn) in the quarter.

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