The Amazon Business marketplace is growing!
Amazon announced a major milestone this week. 3rd party seller products are now available to more than one million business buyers including hospitals, universities, daycares, government agencies, restaurants, Fortune 50 companies and sole proprietors in the USA
It also announced that sellers are offering a Business Price on millions of products making them more discoverable and appealing. This feature can be added in the “Business Price” column of the Manage Inventory dashboard.
Amazon’s Deliveroo investment, representing its latest push into the UK food delivery market, was facing mounting opposition this week as critics of a $575m deal with Deliveroo voiced concerns about the control it will exercise over the UK business.
The food delivery company Deliveroo announced its deal with Amazon on Friday. Saying that Jeff Bezos’ e-commerce empire was the lead investor in a giant $575m (£450m) funding round, taking the total amount of cash raised by the business to $1.53 billion.
The announcement of the Amazon Deliveroo investment sent shares in rival online food delivery companies such as Just Eat and Takeaway.com falling fast.
Time Management for e-commerce is an absolutely critical skill area. Time management can be the single biggest block to even starting an e-commerce business. And for an established, busy e-commerce business owner, managing time is just as critical.
In this episode, we focus on the learnings from the wonderful book (and also audiobook) –
“7 Habits of Highly Effective People” by Steven Covey
New Trade Tariffs have been imposed by the US government on imports from China.
President Donald Trump escalated the trade war with China on Friday, imposing new trade tariffs on $200 billion worth of Chinese goods, now at 25%, up from the previous 10% rate.
There has been a new twist in the ongoing US-China Trade War. Trump said in a Sunday afternoon Twitter post (5 May 2019) that the current 10% tariffs on $200 billion worth of Chinese goods will increase to 25% on Friday.
He also threatened to impose 25% levies on an additional $325 billion of Chinese goods “shortly.”
Chinese Vice Premier Liu He had planned to bring a large delegation to Washington on Wednesday to hash out a trade deal.
There had been talk in recent days that something resembling a deal could result.
Instead, two sources briefed on the talks said the Chinese side may consider backing out of this week’s negotiations.
Trump’s new threats, they said, threaten the six-month truce. In return, Trump may have made them after Beijing threatened to renege on some previously discussed commitments.
One source had said the Chinese vice premier would likely cancel the trip he’d planned for himself and a 100-person delegation. This was for the final round of talks that U.S. officials had previously said could yield a deal by Friday.
In September 2018 Chinese officials canceled a trip in similar circumstances.
A second source said Trump’s decision to more than double the tariff rate on $200 billion of goods was meant to send a message to Liu to not come to the U.S. with more “empty offers.”
The Chinese spokesman would not elaborate on the number of people on the Chinese team, the length of the trip, or the date of departure.
He also emphasized that such back-and-forth in the trade negotiations have happened before. He underlined that the latest round of talks saw “positive” progress.
Major sticking points between the U.S. and China have been intellectual property theft and forced technology transfers. The two superpower also disagreed as to whether tariffs should be removed or remain in place as an enforcement mechanism.
“The very fact that it’s a nuclear threat brings people to the table,” said Warren Buffett on CNBC. “But you don’t want to have too many nuclear threats out there because someday somebody may feel apt to fulfil one.”
World markets, including the S & P 500, the Shanghai and the Hong Kong stock exchanges dropped sharply on the news. However, later they all rebounded substantially on the basis that this was probably a negotiating tactic rather than a realistic future plan.
The response of US businesses over the last months to the trade war has been strong:
A number of US businesses have been relocating factories to Vietnam from China. More recently, many businesses have been importing and stockpiling goods as a pre-emptive measure in case the threatened tariffs materialise.
It should be possible for UK/EU or US based 3rd party sellers to start selling on the platform immediately.
Amazon has plans to open a new new fulfilment centre in Kegworth, East Midlands, UK.
They are about to start recruiting for over 500 new permanent jobs.
Amazon’s new FC will help meet demand, expand selection and enable third-party sellers to scale up their businesses.
Stefano Perego, Amazon’s Vice President of UK Customer Fulfilment, said:
“We are thrilled to begin recruitment for 500 new permanent roles in Kegworth, with competitive wages and comprehensive benefits starting on day one. We are delighted to expand our operations in the East Midlands. With capacity to expand our workforce to over 1,000 permanent positions in the future, this new team will play a crucial role in delivering a first rate level of service for our customers.”
Kegworth will be the fifth Amazon fulfilment centre in the Midlands, the other ones being in Coalville, Daventry, Rugeley, and Rugby.
The first dedicated UK “receive centre” opened in Coventry in 2018.
This functions as a central hub that receives and sorts millions of products each year that are sold on Amazon.co.uk.
Prime Day is a potential major sales boost for any Amazon seller.
The submission window for Lightning Deals is open in Seller Central but will close on May 17th 2019 at midnight. So now is a great time to revise whether Prime Day should be part of your Amazon sales strategy.
Prime Day is Amazon’s annual retail holiday.
It was introduced in 2015 as a one-day only sales event that boasted more deals than Black Friday and also celebrated Amazon’s 20th anniversary as a company.
Though the first one disappointed some expectations, subsequent Prime Days have improved in both the quality and quantity of deals.