Industry observers: Loveland Amazon facility not likely affected by slowdown
LOVELAND — Work continues apace on the construction of the massive Amazon warehouse facility in northeast Loveland, with no sign that the international, online retailer will delay the opening.
National reports — Bloomberg, SupplyChainDive.com and others — have fed the speculation mill, often referencing Amazon.com Inc.’s first-quarter financial report in which the company admitted that it was overbuilt given current economic conditions.
Consulting firm MWPVL International Inc., which tracks Amazon (Nasdaq: AMZN) building activity, estimated in a Bloomberg report that Amazon would shutter or kill plans for 42 facilities in its international network and delay opening an additional 21 locations. Locations that…
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