Amazon.com Inc hits US$1 billion milestone on its business-to-business marketplace

, International

Amazon Business offers tractor parts, latex gloves, file folders and millions of other products needed in factories, hospitals, schools and offices.

Amazon.com Inc. sold US$1 billion in goods on its new business-to-business marketplace begun last year, and customer purchases are growing about 20 per cent each month, suggesting the company that changed the way people shop for household goods is starting to change the way offices stock up on paperclips.

The Seattle company’s Amazon Business offers tractor parts, latex gloves, file folders and millions of other products needed in factories, hospitals, schools and offices. Businesses are shifting their supply shopping online from less-efficient methods such as browsing print catalogs, faxing orders and telephoning sales representatives, said Andy Hoar, an analyst at Forrester Research Inc.

“Amazon has created a more efficient way for business buyers to get the lowest prices on what they need and find willing and able distributors,” Hoar said.

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