Amazon set to expand its subcontinent footprint with India Post deal
Global ecommerce giant Amazon is doubling its efforts to boost its delivery capabilities in India, ...
© Ken Wolter
Amazon is investing $1bn “to spur supply chain, fulfillment, and logistics innovation and further improve the customer and employee experience”, the company said today.
The “venture investment program” is called Amazon Industrial Innovation Fund (AIIF).
The group added:
“As customers increasingly shop online and look for even faster delivery, Amazon continues to invent new ways to raise the bar on customer and employee experience while working with other companies focused on those fields.
“Amazon has invested and innovated substantially over the last two decades in next-generation technology in its operations. This new fund is one of the ways Amazon continues to invest, along with many other initiatives, such as the MARS and re:MARS conferences that Amazon hosts every year. The conferences bring together innovative minds in machine learning, automation, robotics, and space to share new ideas across these rapidly advancing domains.”
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