Amazon Plans to Invest in Companies that Improve Logistics and Delivery Speeds

As more people prefer shopping online, Amazon stated that it wants to invest $1 billion in different companies that work on new technologists in the spheres of logistics, safety, and supply chain management.

Last week, the company announced the launch of its Industrial Innovation Fund, which will have a special investment program that will seek out companies that develop effective technology to help enhance e-commerce services and delivery speed. Also, Amazon is looking for ways to improve the experience for warehouse workers and those in logistics. At the moment, Amazon hasn’t provided any specific information on when this program will start and what companies they want to invest in.

According to the company’s representative, the team of Amazon is excited to take online shopping technologies to the next level as more people choose to buy things online over going to offline stores.

It’s not the first time that Amazon has bought stakes in other companies. Being the most successful online retailer, Amazon can work with other companies that develop the newest technologies and both sides benefit from this cooperation. In the last few years, Amazon also focused on the investment in speech and voice recognition software via the Alexa Fund. What is more, there has also been created a fun with the budget of $2 billion focused on the investment in climate technology.

One of the reasons for the interest of Amazon in improving experiences for employees comes from criticism that the corporation faced quite recently. Amazon has been heavily criticized by labor union representatives and politicians for high injury rates among their workers because of the fast work requirements.

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