The largest online retailer in the world may be (finally) opening up operations in Israel. Ultimately, this move has the potential to lower waiting times, shipping prices, and import fees for Israeli consumers. Not only that, but this move will place even more pressure on conventional brick-and-mortar retailers.
According to a Calcalist report on Sunday, Amazon, Inc. (NASDAQ:$AMZN) is in the midst of talks to open up its very first shipping center in Israel.
The Seattle-based retailer began as an online book, music, and computer software store, but has since transformed and expanded its products to a range of consumer goods, from food and clothing to auto parts, appliances, and toys.
After entering the US market in 1995, Amazon has expanded across the world, opening up operations across Europe, North America, India, China, and Japan.
However, until now, consumers in Israel have been limited by shipping costs and a number of other restrictions, which leaves products unavailable for purchase. Additionally, US customers have the option of one or two-day shipping times, while shipments to Israel can take weeks on end.
Based on reports from sources familiar with the negotiations, Amazon has plans to open its first Middle East shipping center in Israel, close to the Modi’in area on Highway 443. Amazon is looking to build a storage center with 270,000 square feet and will roll out a separate website intended solely for the Israeli market.
Featured Image: depositphotos/jordache
