Amazon.com is opening its supply chain network—spanning ocean, road, rail and air freight, plus warehouses and sorting hubs—to companies in retail, healthcare, and manufacturing through a service called 'Amazon Supply Chain Services.' The company has already signed up Procter & Gamble, 3M, and American Eagle Outfitters.
Businesses using the service gain access to Amazon's two-to-five-day delivery timelines, warehousing, and inventory forecasting capabilities. Amazon operates a fleet of more than 100 cargo planes, behind only FedEx and UPS.
Amazon's stock rose as much as almost 3% on the announcement, while UPS fell as much as 10% and FedEx dropped more than 9%.
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