After the epidemic helped boost sales as businesses shopped more frequently online and sought for bulk discounts, Amazon aims to increase its business selling office supplies in Europe and beyond.

In order to close all 68 of its physical book stores, pop-up shops, and “4-star” locations in the US and UK and put an end to some of its longest-running experiments in brick-and-mortar retail, the company is seeking for high growth, high profit companies to pursue.

According to vice president Alexandre Gagnon, Amazon Business’ gross revenues in Europe increased at a compound annual rate of 25% from 2020 to 2022.

In Europe, the company began operations in Germany in 2016, followed by Britain in 2017 and Italy, Spain, and France in 2018.

Siemens Gamesa, Centrica, and ABB are just a few of Amazon Business’ clients in the area, according to the business, which also provides IT, healthcare, and educational items.

Amazon refuses to say which nations it will next focus on.

According to Gagnon, it is investing in logistics to make it simpler for businesses in Europe to purchase items like office chairs, desks, paper, and printer ink in bulk in order to win contracts to supply them.

The company may have larger profit margins than Amazon’s primary consumer business because it is less expensive per unit to make fewer bulk deliveries as opposed to delivering millions of little packages to individual customers’ doormats.

“Because businesses buy in larger quantities, the fulfilment economics are more advantageous,” Gagnon said, adding that Amazon gives companies discounts for bulk orders.

Companies and individuals had to make investments in furniture and equipment for their home workspaces when COVID-19 lockdowns in 2020 and 2021 abruptly required people to work from home.

(Adapted from USNews.com)