Amazon Business Reached $25 Billion in Sales in 2020

Amazon Business Reached $25 Billion in Sales in 2020

Amazon Business says that in 2020 it “reached $25 billion in worldwide annualized sales, more than half of which are from third-party sellers.”

The U.S.-based company launched in 2015 (rebranded from AmazonSupply), and is “now used by more than five million businesses.”

“In the U.S., our two fastest-growing customer segments are public entities and enterprises—we serve 45 states, 90 of the 100 largest cities and counties, and many other public entities,” Amazon Business says in their latest press release.

In addition, more than 80 of the Fortune 100 companies currently use Amazon Business, including Citigroup, Intel, Cisco, and ExxonMobil.

A report by Censeo Consulting found that 93% of small businesses surveyed faced significant barriers to reaching public sector customers through traditional sales channels, and 85% agree that the overall public sector procurement process is difficult to participate in.

More than 75,000 non-profit organizations and 92 of the 100 largest hospital systems, as well as universities, daycares, restaurants, and small businesses, use Amazon Business today.

“Looking ahead, we continue listening to feedback from customers and selling partners. We are obsessed with innovating on their behalf to deliver what they need to be successful in meeting the demands of the future workplace. We are excited about what we have accomplished over the last six years, and look forward to what lies ahead.”

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