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Benzinga
Benzinga
Business
Shivani Kumaresan

Snowflake Extends Partnership With Amazon Web Services

Amazon SNOW (Organization) CPG Nasdaq Snowflake Inc
  • Snowflake Inc (NYSE:SNOW) has extended its relationship with Amazon.Com Inc (NASDAQ:AMZN) Amazon Web Services (AWS) to improve demand forecasting and delivery for retail and consumer packaged goods (CPG) industries.
  • Through the arrangement, customers can receive Amazon purchase order (PO) data and leverage product demand forecast data generated by Amazon Forecast within Snowflake's Retail Data Cloud.
  • The partnership will empower retail businesses to process, analyze, act on, and syndicate data from many sources without delays.
  • The new offering will enable retail and CPG customers to import Amazon purchase order data, increase forecast accuracy, and track product change impacts.
  • Price Action: SNOW shares are trading higher by 3.71% at $244.65 on the last check Tuesday.
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