Introducing the $1 billion 'Amazon Industrial Innovation Fund'

© 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 ...