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00:02UPS shares fell after Amazon unveiled a new supply chain services platform that overlaps with core UPS operations, according to
00:10Benzinga.
00:11Amazon introduced an integrated logistics system covering freight movement, warehouse distribution, inventory management, order fulfillment, and parcel shipping.
00:21The company expanded services originally built for its retail network to target industries, including healthcare, automotive, manufacturing, and retail.
00:30Major brands such as Procter & Gamble, 3M, Land's End, and American Eagle Outfitters are already using the platform.
00:37Amazon is expanding its parcel delivery capabilities with flexible pickup and drop-off options.
00:43Its AI-driven forecasting tools and deep data visibility increase the platform's competitive threat.
00:50Investors are concerned that the expansion into third-party logistics could shift volume away from UPS as Amazon scales its
00:56network.
00:57Shares were down by 10.11% at $96.70 in Tuesday's pre-market trading, according to data from Benzinga
01:05Pro.
01:05For all things money, visit Benzinga.com.
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