How Data Could Thwart Amazon's Freight Forwarding Ambitions
One of the world's most important tech investors has told the logistics industry that there is little cause for its worrying about the emergence of Amazon as a third-party logistics provider.
At last week's TPM conference in Long Beach, managing director at start-venture capital firm Felicis Ventures, Wesley Chan, said he doubted that many shippers would want to hand over the sort of product data they would need to if employing Amazon as their freight forwarder.
Last year, Amazon China was awarded an NVOCC licence by the U.S. Federal Maritime Commission, which allows it to issue bills of lading to shippers, but also means it needs to collect a range of product data on the goods being shipped.
Mr. Chan said this was a case of "the fox getting into the henhouse."
Read more in an article from The Loadstar.