Amazon has invaded another marketplace where many independent home improvement businesses and industrial suppliers, such as Grainger, excel.
That marketplace focuses on commercial and industrial business-to-business selling, competing with “distributors who sell screws, pumps, fasteners and other parts for industrial America,” CNBC reports July 25.
Amazon’s business-to-business arm, Amazon Business, also sells product categories such as power tools and cleaning supplies, and hit $1 billion in sales during year one of operation in the U.S., according to Reuters.
