Amazon.com, Inc. (NASDAQ:AMZN) ranks among the best hot AI stocks to buy right now. Amazon.com, Inc. (NASDAQ:AMZN) revealed the extension of its Multi-Channel Fulfillment service to accommodate retailers selling on the SHEIN, Shopify, and Walmart marketplaces during its Accelerate seller conference on September 18.
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By the end of the year, Amazon.com, Inc. (NASDAQ:AMZN) intends to release a free app for SHEIN’s US marketplace, which will be accessible via the SHEIN Seller Hub, Amazon Seller Central, and Amazon’s Supply Chain Portal. For Shopify merchants, the integration offers real-time order monitoring, performance data, and automatic inventory synchronization.
According to Amazon.com, Inc. (NASDAQ:AMZN), retailers who use Multi-Channel Fulfillment for non-Amazon sales channels have seen an average 19% boost in sales. Additionally, the service has contributed to an average 19% decrease in out-of-stock rates and a 12% increase in inventory turnover.
Amazon.com, Inc. (NASDAQ:AMZN) is a dominant American multinational technology company that operates in several industries, including e-commerce, cloud computing via Amazon Web Services (AWS), online advertising, digital streaming, and artificial intelligence.
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Disclosure: None. This article is originally published at Insider Monkey.