Since 2020, Amazon (NASDAQ: AMZN) and Walmart (NYSE: WMT) have seen substantial benefits from shifting consumer trends toward e-commerce due to the pandemic. However, pandemic tailwinds for e-commerce have now changed to headwinds, and both are managing the negative financial impacts of COVID-19: high inflation, rising interest rates, and the increased threat of a recession. Its e-commerce brand started in 2000, but management only became serious about online retail after issuing weak sales forecasts in a 2015 quarterly earnings report.