E-commerce is in the doldrums, and the growth rate of Amazon cargo flights is at a record low.

Beijing time on September 21 morning news, According to reports, Amazon's air cargo business growth recently hit a new low since the epidemic, This from another side, Show that the e-commerce giant is actively adjusting, Adapt to the increasingly depressed online shopping demand.

According to the latest report released by DePaul University's Chadwick Institute for Urban Development, at the beginning of this month, Amazon Airlines 'cargo aircraft flew 194 flights a day, an increase of only 3.8% compared with March this year. It is also the slowest growth in Amazon cargo flights since the institute began publishing regular semi-annual reports in May 2020.

Joseph Schwieterman, director of the institute, said in an interview that Amazon is currently undergoing major adjustments. At the peak of the new crown epidemic, Amazon was clearly overly optimistic about expanding its supply chain.

Consumers in many countries have returned to normal shopping habits this year, while Amazon is embarrassed by a glut of logistics warehouses and workers as it expands dramatically during the epidemic. In Europe and the United States, Amazon has reportedly suspended or abandoned plans to build dozens of new logistics warehouses.

Between March and June, Amazon's workforce fell by 100,000, the largest quarterly layoff in the company's history. According to the company's official statement, these layoffs are "normal layoffs" such as resignation and retirement.

Amazon officials did not comment on the report.

It is worth mentioning that last week, FedEx canceled its annual profit target, which shocked investors. The company said preliminary operating indicators for the last quarter failed to meet Wall Street analysts 'expectations, sending FedEx shares plunging sharply. But some analysts later said FedEx's troubles weren't just a drop in e-commerce demand in the U.S., but also the company's own.