Amazon Creates $1 Billion Fund for Supply Chain Innovation
Amazon will invest $1 billion into supply chain technology.
Amazon is launching a $1 billion venture investment program for logistics and fulfillment technology.
The e-tail giant’s new funding initiative, called the Amazon Industrial Innovation Fund (AIIF), is meant to advance and support innovation in customer fulfillment, logistics, and the supply chain. According to Amazon, increasing customer demand for online shopping and fast delivery led it to create the fund.
Amazon says the new fund will invest in companies that develop and provide solutions that “incrementally increase delivery...
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