New Delhi, May 5 -- Delhivery share price slumped over 4% on Tuesday, 5 May, after Amazon unveiled a new bundled logistics offering that could intensify competition in the sector.

According to a Bloomberg report, the e-commerce giant has launched Amazon Supply Chain Services (ASCS), a platform that allows businesses to access its end-to-end logistics network as a single package. The offering brings together services such as air and ocean freight, trucking, warehousing, and last-mile delivery, and is already used by companies such as Procter & Gamble and 3M.

Amazon originally established its logistics infrastructure to support its e-commerce activities, depending on third-party companies for transportation and delivery. However, over the...