Alabama has had the third fastest growing sales in the country for small and medium sized businesses using the Amazon online sales network, according to a recent report by Amazon.
Alabama does not show up among the states with the 10 highest total sales volumes with Amazon, but it sales are rapidly advancing, at a growth rate of 53 percent year-to-year, for the 12 months ending May 31. That was the third highest growth rate in the country, says Amazon, in its just released assessment called the Amazon 2020 Small and Medium Business Report.
“Since the pandemic hit, third-party sellers have had record sales,” said Jeff Wilke, CEO of Amazon Worldwide Consumer. “Their products continue to account for more than 50 percent of all units sold in our online stores, and their sales continue to outpace our first-party sales. During the 12 months ending May 31, American SMBs sold more than 3.4 billion products in our stores and averaged 6,500 products sold per minute.”
Amazon says it works with more than 2 million independent sellers, authors, content creators, developers, delivery businesses and IT solution providers.
American SMBs sold more than 3.4 billion products in its online stores, up from 2.7 billion year-over-year, the annual report says.
