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Amazon's New Shenzhen Site Cuts Cross-Border Costs for Chinese Sellers [Yahoo! Finance]
Last amazon.com, inc. earnings: 4/30 04:01 pm
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As part of the launch of its Global Warehousing and Distribution (GWD) program, the e-commerce giant opened its first warehouse in the country's manufacturing hub of Shenzhen in April. More from WWD California AG Accuses Amazon of Price Fixing With Levi's and Hanes Seán McGirr Brings McQueen Closer to Local Students, VIPs With First Official China Trip Despite All Obstacles, Design Is Still Betting on China Amazon says using the Shenzhen warehouse can reduce storage costs by up to 45 percent compared to using the low-cost bulk storage alternative in the U.S., Amazon Warehousing and Distribution (AWD) Building on AWD, the GWD program is designed to handle cross-border logistics services, customs clearance and delivery to Amazon fulfillment centers in the U.S. all through a single, integrated solution. Sellers can opt to automatically replenish stock based on sales performance, reducing the risk of inventory backlogs. According to Amazon, the program can move inventory to
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