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Businesses can use Amazon's services for moving, storing, and delivering goods.
Amazon launched Amazon Supply Chain Services, opening its logistics network to third-party businesses.
KEY POINTS
- Companies like Procter & Gamble, 3M, and American Eagle Outfitters are early adopters of the service.
- Amazon's logistics covers ocean, air, ground, and rail, with over 80,000 trailers and 100 aircraft.
- Stocks of logistics competitors UPS and FedEx declined immediately following Amazon's announcement.
COMPANIES
Summarized by Newsio from The Economic Times. How we summarize →