In a significant milestone, Amazon has announced that its business supply segment, Amazon Business, has surpassed $35 billion in annual sales, catering to over 8 million customers around the globe. This exciting update was shared by the e-commerce giant on Wednesday, highlighting the remarkable growth of the division since its inception.

A Look Back at Amazon Business

Originally launched in 2015, Amazon Business replaced the now-defunct AmazonSupply. Within its first year, the segment achieved remarkable success by generating over $1 billion in sales. By 2021, this figure had ballooned to $25 billion, demonstrating an impressive trajectory of expansion. The recent announcement confirms that Amazon Business has continued this momentum, achieving gross sales of over $35 billion annually.

Expanded Product Offerings and Seller Network

In this week’s announcement, Amazon officials revealed that the network of sellers on Amazon Business now offers 25% more items compared to the previous year. This growth includes substantial increases in various specialty categories such as industrial supplies, facility maintenance, professional-grade equipment, and educational resources. Such an extensive catalog caters to the diverse needs of business customers.

Customer Benefits and Cost Savings

Amazon Business has proven to be a valuable partner for many organizations, having saved customers hundreds of millions through shipping and quantity discounts. Notably, more than 85% of U.S. business customers enjoy access to direct delivery via pallets, streamlining their operations. The platform also boasts an impressive client list, including 97 of the Fortune 100 companies.

Streamlining Operations for Businesses

According to Shelley Salomon, global vice president for Amazon Business, “When organizations partner with Amazon Business, they’re not just shopping— they’re streamlining their supply chain while saving time and money through powerful tools designed specifically for business needs.” This demonstrates Amazon’s commitment to not just serving as a supplier, but as a strategic partner in efficiency and cost-effectiveness for businesses.

Conclusion

The decade-long journey of Amazon Business underscores its significant impact on the global marketplace, showcasing its ability to evolve and meet the needs of an ever-expanding customer base. With continued innovation and an expansive range of products, Amazon Business is poised for even greater success in the years to come.