Thursday, December 2, 2021

Amazon Business launches in the UK

Amazon has laid out its plans to enter the business-to-business marketplace in its latest retail development.

Dubbed Amazon Business, the online service will provide industry supplies to small companies, hospitals, universities, not-for-profit organisations and multi-nationals from today.

One hundred million products will be available on the marketplace, accompanied by new business features like analytics, spending limits and purchasing workflow approvals.

READ MORE: Amazon acquires Dubai-based ecommerce site Souq

The Brexit-hit pound has boosted demand for British specialist goods.

Amazon Business will offer many businesses with no international selling capabilities the opportunity to capitalise on its global distribution network.

Retail sales in the business-to-business market topped £96.5 billion in the UK in 2015.

Amazon launched its business offering in the same year in the US and racked up £801 million of sales.

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