New tech features and a landmark acquisition illustrate the many elephants in the distribution room today.
Latest In Amazon Business
They include the B2B marketplace’s App Center, a bulk order quote feature and more.
The marketplace noted that Amazon Mexico has nearly 18,000 national sellers — 99% of which are small- and medium-sized companies.
Sources told the Wall Street Journal that a Consumer Protection Safety Commission vote could make Amazon liable for the safety of third-party products.
The B2B marketplace giant release the findings of its third annual State of Procurement Report. We detail some of the key stats.
The B2B marketplace’s worldwide director, Todd Heimes, joins us to discuss how Amazon Business is constantly innovating to cater to today’s B2B buyer, and why it sees immense opportunity ahead.
Amid an escalating antitrust investigation, the company appears to be more cautious about how much money it takes from online sellers.
Amazon said the service will help sellers keep products in stock, ship faster and more reliably and significantly lower costs.
It may be too early to tell how some return-to-office policies affect productivity, but many workers have voiced opposition to returning even part time.
Paused early in the COVID-19 pandemic, the service could place Amazon as a direct competitor with parcel delivery giants like UPS and FedEx.
The news comes just a couple of days after reports surfaced about Amazon offering sellers an AI tool to help them write product descriptions.
OSHA alleges the company failed to use established controls to ensure that injured employees received proper medical care.
In its annual handling of about 8 billion packages, Amazon estimates that less than one in 1,000 items are damaged.
The earnings call comes two weeks after Amazon said its Business segment was driving $35 billion in annualized gross sales by end of 2022.
Amazon Business saw its gross sales grow in Europe during the COVID-19 pandemic.
Revenues generated through Amazon Business have grown by 40% and its global customer base by 20% over the past two years.
The layoffs will occur within “the next few weeks,” according to Amazon CEO Andy Jassy.
The marketplace platform has also launched a new storefront aimed to advance inclusive procurement.
The move looks to help Amazon keep pace with the well-established eBay Motors marketplace.
The company plans to implement the new change beginning May 1, more than three years after many staff members began working remotely.
