Amazon (NASDAQ: AMZN) gave investors a phenomenal update last week that was chock-full of good news and exciting announcements. Investors breathed a sigh of relief after several quarters of pressure, and Amazon stock has jumped 7% since the report.

Among the many positives that management discussed, there was one new initiative that stood out: Supply Chain by Amazon. Could this be the company's next big thing?

Supply Chain by Amazon is exactly what it sounds like. It's a service for third-party sellers on the Amazon platform to pick up merchandise directly from global suppliers and ship straight to customers, bypassing middlemen and simplifying the delivery process.

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Source Fool.com