Amazon Business GMV:
It has recently been revealed that Amazon Business, Amazon’s B2B marketplace formerly known as Amazon Supply, reached a staggering $25 billion in global annualized sales. Alex discusses the tech monopoly’s attempt to capture the B2B market (the largest industry in the U.S.) and breaks down how these new GMV numbers from Amazon are on track to meet Applico’s prediction of Amazon Business reaching $75 billion GMV by the end of 2023. He goes on to describe why Amazon capturing B2B market share is an unprecedented threat to the hundreds of multibillion-dollar B2B distributors and manufacturers.
Originally Aired: 03/16/21
#B2B #AmazonBusiness #Marketplace
Amazon Business Reaches $25 Billion In Global Annualized Sales: www.pymnts.com/news/b2b-payments/2021/amazon-business-reaches-25-billion-in-global-annualized-sales/
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