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Amazon.com, Inc. (AMZN.US) Opens Supply Chain Network; United Parcel Service, Inc. (UPS.US) and FedEx Corporation (FDX.US) Shares Plunge
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According to foreign media reports, Amazon.com, Inc. (AMZN.US) has opened its supply chain network to other enterprises, a move that will place it in direct competition with United Parcel Service, Inc. (UPS.US) and FedEx Corporation (FDX.US). The company has launched Amazon Supply Chain Services, allowing companies across industries including retail, healthcare and manufacturing to utilize its supply chain, storage and delivery capabilities for goods ranging from raw materials to finished products. Procter & Gamble Company (The) (PG.US), 3M Company (MMM.US) and American Eagle Outfitters, Inc. (AEO.US) have already signed up for its supply chain services. Amazon operates a fleet of more than 100 cargo aircraft, along with an extensive network of warehouses and distribution centers, potentially positioning it as a major player in the logistics industry and intensifying competition in pricing and delivery speed. Shares of United Parcel Service and FedEx fell 10.5% and 9.1%, respectively, overnight. (fc/w) Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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