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Saturday, December 14, 2019

ECONOMY ALERT


Amazon Logistics Strikes at the Heart of FedEx and UPS Business
  
Amazon might be thinking that logistic is not a big deal as the company has potential more than enough to build delivery service on its own. And it becames real when Amazon delivered 46 percent of US packages via its online platform and sent through Amazon Logistics. Investment bank Morgan Stanley said that Amazon Logistic creates collateral impact on several parcel companies like FedEx and UPS with potential loss of US $ 35 billion. It’s like unstoppable which is getting bigger and bigger, bank analyst predicts Amazon Logistics will pass FedEx in 2020 and UPS in 2022 in sending more US packages. (EA01/FN/14/Dec/2019)


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