Amazon(US:AMZN) Hua Er Jie Jian Wen·2025-05-21 20:33Core Insights - Amazon CEO Andy Jassy stated that there are currently no signs of consumers tightening their wallets due to tariffs imposed by the Trump administration [1] - Jassy emphasized that Amazon has not observed any weakening in demand or a trend of rising average sales prices [1] - Amazon's diversified supply chain and scale advantages may help mitigate some tariff pressures in the short term [1] Group 1: Company Strategy - Amazon is utilizing its large third-party seller ecosystem and proactive inventory strategies to buffer against tariff impacts [3] - The company has engaged in "strategic advance inventory purchases" to stock up on goods while focusing on maintaining low prices for consumers [3] - Jassy noted that the diversity of sellers on Amazon's platform provides greater flexibility in managing overall price levels under tariff pressure [3] Group 2: Competitive Landscape - In contrast to competitors like Walmart and Target, which have warned of potential price increases due to tariffs, Amazon has managed to avoid immediate price hikes [3] - Walmart has indicated that consumers may start seeing price increases later in the month, prompting a response from Trump urging the company to "absorb the tariffs" [3] - Target has also suggested that it may need to raise prices on certain items, while Home Depot plans to maintain current price levels [3] Group 3: Shareholder Meeting Insights - During the shareholder meeting, investors heard eight external proposals related to emissions reporting, warehouse working conditions, and the climate impact of data centers [4] - All resolutions recommended for opposition by Amazon were voted down, with specific voting results expected to be announced shortly after the meeting [4]