Amazon has long looked ahead to streamline, automate, and otherwise supercharge its logistics and supply chain to out deliver its competitors. 

Apparently relying on internal ideas and expertise isn't enough. The company said it is "investing $1 billion to spur supply chain, fulfillment, and logistics innovation and further improve the customer and employee experience."

A new venture investment program called the Amazon Industrial Innovation Fund will invest in companies that can help "incrementally increase delivery speed and further improve the experience of employees working in warehousing and logistics fields."

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