Italy seizes $51m from Rhenus, investigates FedEx, Amazon, GLS & DHL in labour supply probe
Reuters reports that Italian tax police have seized €43.5m ($51m) from the local unit of ...
MAERSK: MOST DEFENSIVE AFTER NEW TARIFF THREATS TSLA: MERGER TALKDHL: HUNTINGDSV: FX RISK ON THE RADAREXPD: LOOKING AHEADPLD: DOWNSIDE RISKKNIN: TOP SCHENKER EXEC INR: STUNNING PAYOUT RISE AND NEW RECORDXOM: DISPOSALS AMID EARNINGS PRESSUREDHL: JOINING THE BEAR CAMP DSV: LOOKING FOR DIRECTIONUPS: TURNING MORE BULLISHCHRW: TRIMMING AHEAD OF EARNINGS
MAERSK: MOST DEFENSIVE AFTER NEW TARIFF THREATS TSLA: MERGER TALKDHL: HUNTINGDSV: FX RISK ON THE RADAREXPD: LOOKING AHEADPLD: DOWNSIDE RISKKNIN: TOP SCHENKER EXEC INR: STUNNING PAYOUT RISE AND NEW RECORDXOM: DISPOSALS AMID EARNINGS PRESSUREDHL: JOINING THE BEAR CAMP DSV: LOOKING FOR DIRECTIONUPS: TURNING MORE BULLISHCHRW: TRIMMING AHEAD OF EARNINGS
Amazon is looking to edge out sellers that claim to have made it the behemoth it is today, by ending the bulk orders of “thousands” of small suppliers. Bloomberg reports that the internet giant is keen to focus its wholesale purchasing on major brands such as Lego, Procter & Gamble and Sony. According to the report, the move is designed to put Amazon in a position where it can better compete with the likes of Best Buy, Target and Walmart. As for the mom-and-pop vendors, they’ll have to shift their association with the e-commerce company to its marketplace platform and look to win one sale at a time. Bloomberg adds, however, that the plan could be cancelled.
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