Amazon expands office supply business

 

Amazon plans to expand its international office supply unit, Amazon Business.  The office supply market may offer higher margins for Amazon due to the lower cost of bulk deliveries. Amazon Business was first launched in Germany in 2016 and later expanded to the U.K., Italy, Spain, and France. Amazon Business Vice President Alexandre Gagnon said the unit's gross sales expanded at a compound annual rate of 25% from 2020 to 2022. Sales were boosted as companies looked for bulk discounts online during the pandemic. Amazon is currently investing in its European logistics network to make it easier for European companies to order business supplies, said Gagnon.