Amazon offering supply chain services to sellers
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Amazon.com (NASDAQ:AMZN) is now offering supply chain services to sellers.
Shares fell 0.7% on Tuesday morning.
Supply Chain by Amazon (AMZN) is an automated set of supply chain services that enables sellers to benefit from the companyâs logistics, fulfillment and transportation capabilities.
AMZN will pick up inventory from manufacturing facilities around the world, ship it across borders, handle customs clearance and ground transportation, store inventory in bulk, manage replenishment and deliver directly to customers.
âSellers can now focus on building great products for their customers and growing their business, while Amazon handles the logistics, reduces costs, and improves delivery speed,â the company said in a statement.
Last week, Bank of America said that a deal between Shopify (SHOP) and AMZN to allow Shopify merchants to offer a Buy with Prime option for payment processing and fulfillment is seen as a potential win-win for the two e-commerce giants.
AMZN is up 66% year-to-date.

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