Home 2023 CEO of Amazon, Chobani and IKEA provides support for Turkey earthquake victims

CEO of Amazon, Chobani and IKEA provides support for Turkey earthquake victims

by John Heffernan

Prominent Turkish CEO and one of the biggest online mega-retailers, Amazon, has been the biggest support towards the victims of the earthquake in Turkey and Syria by delivering numerous aid supplies.

Following the 7.8-magnitude earthquake that struck Turkey on Feb. 6, more than 21,000 people were killed, and tens of thousands were injured. The earthquake was dubbed the “disaster of the century” by Turkish President Recep Tayyip Erdogan, according to the Associated Press.

Around 13.5 million people live in the quake-ravaged area, including some in Syria, where residents are already dealing with a civil war.

International aid organizations like Direct Relief and Médecins Sans Frontières have dispatched personnel to the region, and many businesses have begun contributing money and resources to alleviate the situation.

Amazon provides Support

On Thursday, Amazon AMZN, -1.81% announced that it will donate $500,000 in cash to organizations such as: the World Food Program, Save the Children, UNICEF, Red Crescent, AKUT Search and Rescue Association, and the AHBAP Foundation.

Amazon is also donating products and providing “logistics support” in the area, according to the company. On February 7, the company sent two truckloads of donated relief items from an Amazon fulfillment center in Istanbul to Hatay Province. In September 2022, Amazon had opened its first fulfillment center in Turkey, in Istanbul.

Amazon customers can help by donating through a new donations page on Amazon’s Türkiye store,” the company wrote in a blog post. “Within three hours of the page going live on Tuesday, customers had donated more than 5,000 items to help earthquake victims.”

Amazon has utilized its logistics expertise in previous disasters. In June 2021, a disaster relief hub had been open in the United States to pre-position supplies that are frequently required by humanitarian relief organizations in order to response to disasters. After Hurricane Fiona hit Puerto Rico, the company activated the Atlanta hub to send medical supplies to hospitals in Ukraine following Russia’s invasion.

Chobani CEO Ulukaya pledged $1 million to the Turkish Philanthropy Funds

Hamdi Ulukaya, the CEO and founder of yogurt brand Chobani, will also support aid organizations in Turkey and Syria. Ulukaya, a Turkish native, has pledged to donate $1 million to the Turkish Philanthropy Funds and has stated that he will match up to $1 million in additional donations to help those affected by the disaster. “Our brothers & sisters in #turkey and region desperately need our help,” Ulukaya tweeted.

Ikea provides donation to Médecins Sans Frontières

IKEA’s charitable arm is also sending aid in the form of a ten million Euro donation to Médecins Sans Frontières (equivalent to approximately $10.7 million). “Our hearts and thoughts go out to all those who are affected,” said Per Heggenes, CEO of the IKEA Foundation. “I call on the world’s governments, businesses, and philanthropies to join us in the relief support for Türkiye and northern Syria.”

More News

Kraken Discontinues US Staking

Isreal Wants To Label Crypto As Securities

Top 10 Cryptocurrency Business Models: A Comprehensive Guide

You may also like

logo-white

Your Trusted Source for Capital Markets & Related News

© 2023 LiveTradingNews.com – For The Traders, By The Traders – All Right Reserved.

The information contained on this website shall not be construed as (i) an offer to purchase or sell, or the solicitation of an offer to purchase or sell, any securities or services, (ii) investment, legal, business or tax advice or an offer to provide such advice, or (iii) a basis for making any investment decision. An offering may only be made upon a qualified investor’s receipt not via this website of formal materials from the Knightsbridge an offering memorandum and subscription documentation (“offering materials”). In the case of any inconsistency between the information on this website and any such offering materials, the offering materials shall control. Securities shall not be offered or sold in any jurisdiction in which such offer or sale would be unlawful unless the requirements of the applicable laws of such jurisdiction have been satisfied. Any decision to invest in securities must be based solely upon the information set forth in the applicable offering materials, which should be read carefully by qualified investors prior to investing. An investment with Knightsbridge is not suitable or desirable for all investors; investors may lose all or a portion of the capital invested. Investors may be required to bear the financial risks of an investment for an indefinite period of time. Qualified investors are urged to consult with their own legal, financial and tax advisors before making any investment. Knightsbridge is a private investment firm that offers investment services to Qualified Investors, Members and Institutions ONLY. Qualified Investors are defined as individuals who have met those Qualifications in the relevant jurisdictions. Members are defined as individuals who have been accepted into the Knightsbridge membership program. Institutions are defined as entities such as banks, pension funds, and hedge funds. If you are not a Qualified Investor, Member or Institution, you are not eligible to invest with Knightsbridge. All investments involve risk, and there is no guarantee of profit. You may lose some or all of your investment. Past performance is not indicative of future results. Knightsbridge is not a registered investment advisor, and this disclaimer should not be construed as investment advice. Please consult with a qualified financial advisor before making any investment decisions. By accessing this website, you agree to the terms of this disclaimer. Thank you for your interest in Knightsbridge.