Amazon recently updated its FBA fees, specifically related to the storage utilization and low level inventory. Calculating the new fees and understanding when they are applied is challenging for many sellers, especially when added to the other responsibilities of managing a seller central account. It’s important for sellers to understand these fee updates in order to make necessary changes and reduce costs. This article will outline the 2024 Amazon storage fee updates, focusing on the changes to the storage utilization surcharge and the low level inventory penalties. Learn about how these inventory fees are calculated and what sellers can do to be proactive and avoid additional costs. This article will also summarize best practices for inventory management and answer frequently asked questions. For a complete summary of the FBA updates, see this blog post about 2024 FBA fee changes.