The success of Amazon is crucial for the global economy
We all want to see major economic players like Amazon succeed during these hard and trying times. This is true no matter where you stand in matters of capitalism, online e-commerce, and Bezos.
Already a go-to for home and living essentials prior to the pandemic, its buyer base is seen to grow exponentially. More so as we continue to deal with COVID-19 and head into the new normal. In the US alone, there are at least 95 million Amazon Prime members.
In the context of this article, Amazon is a considerable source of income for thousands of online sellers and partners. As of 2018, the number of third-party sellers on the platform has been responsible for more than 50% of total Amazon sales.
This means any issues in its operations come with a significant economic impact not only to buyers but also to sellers and their families.
Let’s dive into the essentials of where the tech behemoth stands now. And then go deeper into what current and would-be Amazon FBA sellers might expect in months and years ahead.