Amazon is piling up fulfillment center square footage, and it shows Bezos thinks the pandemic-driven online shopping surge is here to stay
, which reported record volumes over the second quarter of 2020, have also benefitted from the e-commerce shift.
Olsavsky said that by the end of this year, Amazon will grow its "network square footage" — the space taken up by its fulfillment centers, grocery stores, offices, and other physical properties — by a whopping 50%. A lot of that expansion will go to the locations Amazon uses to sort and deliver packages. As the CFO said :we expect a meaningfully higher year-over-year square footage growth of approximately 50%.
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