Amazon to expand in business supplies after pandemic boosts sales in Europe

📆 20/04/2023 21:15:00
📰 ChannelNewsAsia

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LONDON :Amazon plans to expand its business selling office supplies in Europe and internationally after the pandemic helped boost sales as companies shopped more online and looked for bulk discounts. The company is looking for high growth, high margin businesses to pursue as it plans to close all 68 of its ph

LONDON :Amazon plans to expand its business selling office supplies in Europe and internationally after the pandemic helped boost sales as companies shopped more online and looked for bulk discounts.

Amazon Business' gross sales in Europe grew at a compound annual rate of 25 per cent from 2020 to 2022, vice president Alexandre Gagnon said in an interview. The business offers potentially higher margins than Amazon's main consumer business, as making a smaller number of bulk deliveries is cheaper, per unit, than getting millions of small parcels to individuals' doormats.

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Amazon to expand office supplies business after pandemic sales boost in EuropeLONDON : Amazon plans to expand its business selling office supplies in Europe and internationally after the pandemic helped boost sales as companies shopped more online and looked for bulk discounts. Amazon Business' gross sales in Europe grew at a compound annual rate of 25 per cent from 2020 to 2022, v
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