Amazon’s in-house delivery on track to deliver 3.5 packages in 2019

In a development that marks Amazon’s growing in-house delivery business, the world’s largest online retailer stated, it was on track to deliver 3.5 billion customer packages globally this year. Amazon’s growing network of delivery trucks, planes, and vans, is considered as potentially a long-term threat to United Parcel Service Inc and FedEx Corp. FedEx has…

Japanese fashion group Fast Retailing Co Ltd to increase automation at its warehouses and facilities

On Wednesday, Japan’s fashion group Fast Retailing Co Ltd stated, it has partnered with two robotics startups to help improve efficiency in its warehousing and distribution strategy. Fast Retailing, the owner of clothing chain Uniqlo and also Asia’s biggest fashion retailer by sales said, it plans on investing $916.59 million (100 billion yen) to increase…

Deutsche Post DHL confirms operating profit guidance of 5 billion euros for 2020

Aiming to ride the crest of the e-commerce wave, Deutsche Post DHL intends to invest heavily into areas such as warehouse automation and analytics. Aiming to ride the e-commerce boom, Deutsche Post DHL set a new target of $5.77 billion (5.3 billion euros) for its operating profit saying it would invest heavily in areas such…

Grab unveils major investment plans for Vietnam

Ride-hailing firm Grab plans on investing “several hundred million dollars” in Vietnam since it sees the country as its next growth market. Grab unveilled the plan just weeks after it disclosed a $2 billion investment plan for Indonesia. The proposed investment plan marks Vietnam as one of Asia’s fastest growing economy and underscores Grab’s eagerness…

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FCA partners with silicon valley startup Aurora for creating autonomous platforms

Tech companies are increasing going up the value chain for automakers. This partnership is the latest example of this strategic tie-up. In a development that marks the latest collaboration between Silicon Valley and automakers, Aurora, a self-driving car software startup stated it will be partnering with Fiat Chrysler to build autonomous platforms for commercial vehicles.…

Alibaba aiming to make Belgium e-commerce trade hub

The strategic move will see the Chinese giant increase its footprint in the lucrative EU market. On Wednesday, Alibaba Group Holding Ltd stated it has signed an agreement with the Belgium government to launch an e-commerce trade hub. The move will include investments in logistics infrastructure. The strategic move is part of Alibaba’s Electronic World…

Amazon.com partners with blockchain logistics startup CargoX for pilot project in Brazil

Amazon’s push into Latin America’s biggest economy is driven and bolstered by the listings of third party vendors on its local e-commerce marketplace. As per a Bloomberg report citing sources familiar with the matter at hand, Amazon.com Inc is working on a pilot logistics project in Brazil with CargoX, a Goldman Sachs-backed blockchain company for…

Wal-Mart acquisition of Mexican Cornershop for $225 million to spur app-based food delivery services

The strategic acquisition has multiple sweet spots: not only it places Wal-Mart on a better footing in its competition with its peer – Amazon.com Inc, it will also provide Wal-Mart crucial learning experience which it can use in other markets. In a move that will enable Walmart Inc to increase its footprint in Chile and…

France’s Bollore Group signs global partnership with Alibaba

The wide-ranging partnership expands the Bollore Group’s and Alibaba’s logistics network such that it can help diversify their respective customer base. On Monday, Vincent Bollore, the CEO of French conglomerate the Bollore Group stated it had signed a global partnership with Chinese e-commerce giant Alibaba. In a statement, both companies said, their partnership covers clean…

Singapore’s Grab launches innovation arm for tech startups

Grab Ventures will be the vehicle through which Singapore-based Grab will expand beyond ride hailing services into areas including financials, food services and logistics. On Tuesday, Singapore-based Grab, launched launched its innovation arm, Grab Ventures in order to support and develop technology start-ups in sectors including food services, transport, financial services, logistics. The development assumes…