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Amazon introduces seller storage service to tackle supply chain woes
Global Banking & Finance Review®
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(Reuters) – Amazon.com Inc introduced a new service on Wednesday to help its sellers store bulk inventory and ease distribution to tackle supply chain issues, the company said in a blog post.
(Reuters) – Amazon.com Inc introduced a new service on Wednesday to help its sellers store bulk inventory and ease distribution to tackle supply chain issues, the company said in a blog post.
In 2023, sellers will be able to use the new service called Amazon Warehousing & Distribution (AWD) to send their inventory to any location, including to wholesale customers or brick-and-mortar stores, the online retailer said. (https://bit.ly/3wJv7Ge)
The pay-as-you-go service will also help sellers significantly cut logistics costs, the e-commerce platform said, without disclosing specifics.
“Amazon Warehousing & Distribution addresses critical supply chain challenges and helps sellers grow and manage their business while significantly cutting costs,” Gopal Pillai, vice president of Amazon Distribution and Fulfillment Solutions, said in the blog post.
The development comes after Amazon said that it has started slowing warehouse openings to rein in costs.
(Reporting by Jahnavi Nidumolu in Bengaluru;Editing by Dhanya Ann Thoppil)
Amazon Warehousing & Distribution (AWD) is a service introduced by Amazon to help sellers store bulk inventory and streamline distribution to various locations, including wholesale customers and retail stores.
Logistics costs refer to the expenses associated with the transportation, storage, and management of goods throughout the supply chain, impacting overall business profitability.
Supply chain management involves overseeing and optimizing the flow of goods, information, and finances as products move from suppliers to manufacturers to consumers.
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