Amazon cannot be blamed for being forced to raise prices during an inflationary period brought on by one man and his horrendous economic policies. However, it’s quite a shame that average consumers are forced to bear the financial brunt of said policies.
Lest we forget, this was NEVER an issue with Trump at the helm. Hell, it’s hardly an issue when any Republican is in office. Only would a Democrat deliberately destroy the financial stability of millions of Americans at the precise time when a peace of mind is necessary.
The price of products on Amazon is likely to increase following the company’s introduction of a five percent “fuel and inflation surcharge” for sellers using Amazon’s fulfillment services.
The Verge reports that Amazon plans to offset rising fuel and inflation costs by shifting them to third-party sellers in the United States in the next month. Amazon will reportedly be charging sellers that use Amazon’s fulfillment services a five percent “fuel and inflation surcharge” that will go into effect on April 28.
Amazon currently has two million third-party sellers on its platform; Jungle Scout reports that 89% of third-party sellers use Fulfillment by Amazon (FBA) to gain access to the company’s supply chain, warehouses, and shipping services.
An Amazon spokesperson told CNBC in a statement: “In 2022, we expected a return to normalcy as Covid-19 restrictions around the world eased, but fuel and inflation have presented further challenges. It is still unclear if these inflationary costs will go up or down, or for how long they will persist, so rather than a permanent fee change, we will be employing a fuel and inflation surcharge for the first time — a mechanism broadly used across supply chain providers.”
Amazon is not the only company to charge a fuel surcharge on its services, FedEx changes a surcharge of 49 cents per unit while UP charges 42 cents. In comparison, Amazon’s surcharge will work out at around 24 cents.
U.S. inflation reached 8.5% in March while gas prices are up 48 percent since last year according to recent reports. The end result of this is that Amazon shoppers will likely be paying more for the same items as third-party sellers increase their prices to keep up with Amazon’s fees.
Are you paying attention yet?
Author: Robert Bogart
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