Dhaka, May 6 -- Amazon has launched Amazon Supply Chain Services (ASCS), expanding its logistics network to third-party businesses in a move widely seen as a direct challenge to established express carriers UPS and FedEx.

The new offering enables any business to move, store, and deliver goods ranging from raw materials to finished products, leveraging the same logistics infrastructure Amazon built for its own retail operations.

Major corporations including Procter & Gamble, 3M, Lands' End, and American Eagle Outfitters are among the first companies to sign up for the service.

Following the announcement, share prices at both UPS and FedEx dropped by around 10% each, reflecting investor concern over the competitive threat posed by Amazon...