Published on February 1st, 2018 | by The GC Team0
Amazon Marketplace provides export boost for British SMEs
Amazon is proving to be a valuable source of international revenue for British SMEs, with tens of thousands selling on Amazon Marketplace, achieving export sales of more than £2.3bn in 2017.
Half of all sales on Amazon’s global sites come from smaller, independent businesses selling on Amazon Marketplace, with UK SMEs exporting to customers across Europe, North America, Japan, China and India.
The retailer today announced that new research by economics consultancy Keystone Strategy found that independent British businesses employ more than 85,000 people in the UK to run their sales activities on Amazon Marketplace.
So successful has the Marketplace been for the retail superpower that it today opened registrations the Amazon Academy 2018 programme to help boost SME exports.
The Academies will take place across the UK, including in Glasgow, Newcastle and Cardiff, offering hundreds of small and medium-sized enterprises practical free advice on how to grow their export sales and succeed in the digital economy.
The move follows previous events in London, Manchester, Edinburgh and Birmingham which were attended by more than 1,200 SMEs and entrepreneurs.
The Rt Hon Liam Fox MP, Secretary of State for International Trade, said: “The growth in SME exports on sites such as Amazon shows what can be achieved, and I welcome the company’s commitments to help more small companies go digital so they can grow their businesses and create jobs up and down the country.”
“We are seeing a record number of British SMEs selling their products across Europe, North America, Japan, China and India, opening themselves to millions of additional potential customers through the power of the internet,” said Doug Gurr, UK Country Manager, Amazon.
“Through programmes like the Amazon Academy, we want to help small businesses grow their revenue, increase their productivity and boost exports, to help build a stronger economy and create more jobs in the UK.”
Amazon said it offers a suite of support tools to help businesses export their products and services, including providing global delivery and distribution, managing customer services in the local language and translating hundreds of millions of product listings each year on behalf of smaller businesses. As a result, six in ten UK-based businesses selling on Amazon Marketplace now export abroad.