Amazon started as online book store and has grown to be the worlds largest online retailer.
SME Impact Report reveals successful year for UK SMBs on Amazon
Amazon have released their 2020 SME Impact Report and it shows how SMBs have had a successful year with over 600 million products sold by UK small businesses on Amazon’s stores globally in one year. It highlights how despite the impact of COVID-19 small businesses have seen amazing growth.
The SME Impact Report details data taken between June 2019 and May 2020 and shows that 100 million more products were sold by UK small businesses with an average of £75,000 in sales. 60% of UK SMBs export around the world and accounted for sales of more than £2.75 billion.
Areas such as the North of England and the Midlands generated over 40% of total sales volume, while Greater Manchester and the West Midlands respectively achieved more than £250 million and £150 million in export sales last year. The number of SMEs in Scotland who sell their products on Amazon’s stores increased by around a third last year; and by more than 20% in Wales, Northern Ireland and England respectively. Regions in Scotland and Wales saw particularly large increases in the number of SMEs in percentage terms: selling partners in South Lanarkshire, Scotland, grew by around 60% and by more than 40% in the Vale of Glamorgan in Wales.
“Empowering small and medium-sized businesses is at the core of everything we do. We will continue to invest in logistics, tools, and people to support small and medium-sized businesses. Supporting these businesses helps us to create the best shopping experience for our customers. Despite this challenging period, selling partners have continued to grow with Amazon. When customers shop on our stores, more than 50% of the products they buy are sold by small businesses.”
– Francois Saugier, VP EU Seller Services at Amazon