In second-quarter 2023, sales generated by third-party seller services rose 18% on a year-over-year basis to $32.3 billion.įor fiscal 2023, our model estimate for the same is projected at $134 billion, reflecting growth of 18.1% from fiscal 2022’s level.Ĭoming to the price performance, Amazon has gained 67.2% on a year-to-date basis compared with the industry’s growth of 43.3%. This, in turn, is likely to instill investor optimism in the stock in the days ahead. AWD is a pay-as-you-go service that reduces storage costs and saves time in the inventory management process.ĪWD enables sellers to store their bulk inventory in Amazon fulfillment centers and avail of automated distribution.Īll these endeavors position Amazon well to gain solid momentum among the sellers, which will bolster its seller base and strengthen its relationship with third-party sellers, which will further contribute to its financial performance. In addition, the e-commerce giant also offers Amazon Warehousing & Distribution (“AWD”) for sellers. This in turn will aid sellers in delivering an enhanced experience to customers as well as reduce logistics costs to a great extent. In between, it will also handle customs clearance and ground transportation, as well as store inventory in bulk. The solution enables sellers to leverage Amazon’s advanced logistics, fulfillment and transportation capabilities to bring efficiency in operation.Īmazon will pick up inventory directly from manufacturing facilities across the world, ship it across borders and deliver it directly to customers. Growing Solutions for SellersĪpart from the latest generative AI-based tools, Amazon recently introduced an end-to-end, fully automated set of supply chain services, namely Supply Chain by Amazon. 1 online marketplace, easily and conveniently with the app for your smartphone Find great deals, from household goods to clothing, garden tools, electronics and second-hand items, to apartments and houses, and even jobs. Meanwhile, Shopify Magic, Shopify’s newly launched AI tool, comes with the added feature of AI-generated product descriptions with a built-in wordsmith in the merchant’s admin. eBay Kleinanzeigen is now Kleinanzeigen Kleinanzeigen - you can buy and sell on Germanys No. The photo-to-listing AI tool addresses the "cold start" issue experienced by first-time sellers by removing the need to enter extensive information for competitive listings. It can create a product listing by automatically generating a title, description and information like product release date, category, subcategory, list price and shipping cost from a single photo. The latest move by Amazon is expected to intensify the e-commerce competition further for companies like eBay EBAY and Shopify SHOP, which are also making efforts to instill generative AI within their marketplace.ĮBay recently launched a new AI tool for marketplace sellers, which is currently available on the eBay app for iOS.
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