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The world's largest online retailer on Monday (May 4) announced Amazon Supply Chain Services (ASCS) The service largely consolidates a package of existing products — air and ocean freight, trucking and last-mile delivery — into a new suite.
Amazon launched Amazon Supply Chain Services, consolidating its logistics offerings for external businesses.
KEY POINTS
- Companies like Procter & Gamble and 3M are already using Amazon's full logistics suite.
- The announcement immediately caused UPS shares to drop 9.4% and FedEx to fall 8.5%.
- Analysts view ASCS as incremental rather than disruptive for FedEx and UPS currently.
COMPANIES
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