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Photo courtesy of Yonhap News |
[Alpha Biz= Paul Lee] Amazon has officially entered the broader logistics market with the launch of “Amazon Supply Chain Services (ASCS),” opening its end-to-end logistics network to external businesses.
The move positions Amazon in direct competition with traditional U.S. logistics leaders such as FedEx and UPS, signaling a potential structural shift in the North American freight and fulfillment market.
Market reaction was immediate. Shares of FedEx and UPS each fell around 10% on the news, while fulfillment-focused GXO Logistics dropped 17%, and trucking firm Old Dominion Freight Line declined more than 6%.
Analysts, including those at Morgan Stanley, suggested Amazon’s expansion could have an impact on the logistics industry comparable to what Amazon Web Services did to the cloud sector.
알파경제 Paul Lee 특파원(hoondork1977@alphabiz.co.kr)
