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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
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...
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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.

Related NewsPPI MoM for Apr in United States is 1.4%, higher than the previous value of 0.7%. The forecast was 0.5%.
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)(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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