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9 News
2 days ago
- Business
- 9 News
Amazon launches new service in Australia for business owners
Your web browser is no longer supported. To improve your experience update it here Online commerce giant Amazon is today launching a new service in Australia targeting the multibillion-dollar business-to-business (B2B) market. Amazon Business will offer small, medium and large companies office products, electronics, furniture and more, at what Amazon says will be competitive pricing. Its launch comes as businesses stock up on supplies ahead of the new financial year. Amazon is launching a new service for B2B customers.. (AP Photo/Reed Saxon, File) (AP) Amazon says its new division will offer a cheaper and simpler purchasing process through business-only pricing, quantity discounts on eligible products and dedicated customer support. Companies will also be offered the choice of upgrading to Business Prime, which combines the shipping benefits Amazon Prime members enjoy with exclusive business features such as shared accounts and buying policies. Lena Zak, Amazon Business Australia country manager, says the new service will ease the purchasing process for companies. "We know that 78 per cent of SMBs (small to medium businesses) have had to implement cost-cutting measures over the past three years," she told "As operating costs keep rising, Amazon Business can help take some of that pressure off by offering meaningful savings on everyday goods and supplies, along with the convenience and simplicity of our delivery experience." E-commerce giant Amazon Australia says it has invested heavily in its operations network. (Supplied) Australia is the eleventh country where Amazon Business has launched, following the US, Canada, France, Germany, India, Italy, Japan, Mexico, Spain and the UK. Since its launch in 2015, it has driven about $35 billion in annualised gross sales and has more than 8 million customers worldwide. The arrival of Amazon Business in Australia comes as new research conducted by YouGov and commissioned by Amazon Australia shows that the cost of doing business has increased for 92 per cent of Australian SMBs over the past three years. The research found rising operating costs are the biggest concern for 79 per cent of SMBs. Amazon Australia business finance Economy Online commercial CONTACT US
West Australian
2 days ago
- Business
- West Australian
Amazon promises to streamline purchases between businesses with new marketplace
Online retail giant Amazon has unveiled a new platform in Australia, promising to streamline purchases between businesses and offer savings as rising operating costs continue to be a headache. Amazon Business is an online marketplace tailored to organisations — like small businesses, sole traders, not-for-profits and major companies — to help with their business purchases. Its offerings include pricing and quantity discounts for bulk orders and Business Prime, which has similar shipping benefits to the Prime membership. Other features also include multi-user accounts, which enable teams to share payment and shipping addresses, as well as guided buying, allowing businesses to train staff on preferred products and suppliers. Amazon Business Australia country manager Lena Zak said the platform was a one-stop shop. 'I'm really excited about the ability for businesses to really get very valuable insights from moving their purchasing onto Amazon,' she said. 'Where businesses might go to multiple different stores, have receipts from multiple different stores and then at the end of the financial year have to spend a lot of time . . . consolidating their spending, understanding where their staff expenses are coming from — now all of that can really be simplified.' Amazon Business is already available in 10 countries, including the US, Canada, the UK, Italy and Japan. The launch on Wednesday comes as new YouGov research, commissioned by Amazon, revealed the cost of doing business had risen for 92 per cent of the nation's small and medium-sized firms over the past three years. It found rising operating costs were the biggest concern for nearly 80 per cent of small businesses, with higher cost of goods and products proving to be the biggest headache. Amazon said the launch came at a pivotal time for small businesses, with most stocking up on supplies as the end of the financial year approaches. The platform provides a wide range of products across categories like office, electronics and furniture. Ms Zak said Amazon Business could relieve some cost pressures by offering savings on everyday goods and supplies, as well as assist with the convenience and simplicity of its delivery service. 'We're trying to do for procurement what Amazon did for retail when we launched seven years ago,' she said. Amazon Business contributes about $35 billion in annualised gross sales to the group and has more than eight million customers worldwide, including 96 of the Fortune 100 in the US.
