Logistics Stocks Tumble as Amazon Launches Integrated Supply Chain Service
Amazon has launched 'Supply Chain by Amazon,' a comprehensive, end-to-end service for its third-party sellers. The service manages the entire logistics process, from manufacturing facilities directly to customers, leveraging Amazon's extensive network. Following the announcement, stock prices for major freight forwarders like Kuehne + Nagel, DSV, and Expeditors fell sharply. Analysts view this as a significant competitive threat, as Amazon consolidates its control over the supply chain, including its air and ocean freight capabilities.
Official Source: https://theloadstar.com/marketwatch-shipping-stocks-fall-after-amazon-launches-supply-chain-services-business/