Tuesday, February 20, 2024
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Digital 360: Amazon Business surpasses $25B in annualized sales

 

E-commerce B2B juggernaut Amazon Business has surpassed $25B in worldwide annualized gross merchandise sales, approximately half of which are from third-party sellers.

The B2B portion of Amazon is on track to rival its B2C component in terms of sales, providing significant opportunities for third-party B2C retailers.

While it took seven years for Amazon’s consumer sales to increase from $1B to $10B annually, Amazon Business reached the $10B mark within its first year. Further, it took another three years for Amazon’s retail sales to reach $25B. By comparison, Amazon Business reached that volume in just five years.

According to Amazon, 45 states, 90 of the largest 100 U.S. cities and counties, and more than 80 Fortune 100 companies use Amazon B2B for purchases.

Read the full report at https://www.digitalcommerce360.com/article/amazon-business-sales/

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Jennifer Evans
Jennifer Evanshttp://www.b2bnn.com
principal, @patternpulseai. author, THE CEO GUIDE TO INDUSTRY AI. former chair @technationCA, founder @b2bnewsnetwork #basicincome activist. Machine learning since 2009.