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Amazon Invests $30 Billion in Third-Party Sellers Over the Past 2 Years
Tim Hellbusch from ALGO Online Retail outlines how Amazon is investing and preparing for the future of thrid-party selling on their marketplace.
In 2019, they created over 150 new tools and services to help with fulfillment and inventory decisions. The tools also include mobile applications and google chrome extension applications that provide automatic repricing, business reports, and data analytics. Amazon is also adding plenty of new fulfillment center to add more storage space for third-aprty sellers' products. Due to COVID-19 they have also hired hundreds of thousands of new employees to work in the fulfillment centers. They also input safety protocols for the new employees to ensure their health as well as the safety of shipping new products. Third party sellers account for more than half of Amazon's total sales, so it makes sense that they are putting the money and resources to supporting them.
To learn more about ALGO Online Retail, please click here: https://www.algo-
To learn more about how Amazon is investing in third-party sellers, please click here: https://www.algo-
ALGO Online Retail