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Amazon is Worried About the Potential Impacts of the Novel Coronavirus

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Amazon is Worried About the Potential Impacts of the Novel Coronavirus

In recent months, the coronavirus outbreak has shocked the world, spreading at a rapid pace, and is seemingly only reaching more and more people. Unfortunately, the potentially-fatal disease is, unsurprisingly, affecting the business world as well.

Because China has been hit so hard with the virus and since so many of Amazon’s products come directly from China, Amazon Sellers are beginning to feel its impact.

In many cases, Amazon Sellers are being encouraged to stockpile their products, as we do not know the potential long-term effects of the virus on these businesses. In fact, it is reported that Amazon officials are worried about the potential impact the virus may have on its midsummer Prime Day Sale. Though this may seem like a long way away, the truth is most Amazon Sellers are usually well into preparations for the event at this point, and if you are an Amazon Seller, you may be feeling the heat now.

In a statement, Amazon said the following: “We are aware that the Novel Coronavirus and related actions are impacting millions of individuals around the world. If your business operations may be impacted, we recommend taking precautions to protect your Amazon seller account health. These precautions may include canceling previously placed orders that you are no longer able to fulfill, placing your account in vacation status, or taking additional steps to manage your inventory.”

If you are an Amazon seller and require the assistance of an experienced Certified Public Accountant, please contact Ebiz Accounting for an initial consultation. We provide Amazon business accounting services to clients in New York and throughout the United States. All Amazon sellers should have an accountant they can trust. If you are looking to expand your business, or even form a new one, do not hesitate to reach out to our knowledgeable team today.

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