Amazon to Spend over USD 120 Billion on Supplies and Services from Businesses in the United States in 2021 | Financial Buzz

Amazon to Spend over USD 120 Billion on Supplies and Services from Businesses in the United States in 2021

Amazon.com, Inc. (NASDAQ: AMZN) plans to spend over USD 120 Billion on supplies and services from businesses within the United States within 2021.  The purchases derive from over 200,000 companies that operate in communities across the country that help Amazon run.  This ranges from cardboard box producers to construction & engineering firms and electric vehicle manufacturers.  This spending plan represents a 20% increase year over year and does not include products that Amazon buys and sells to customers in its stores.  “Millions of families rely on us to deliver what they need every day,” said Dave Clark, CEO of Worldwide Consumer at Amazon. “Delivering for our customers takes teamwork—we can’t do it alone. We rely on strong partnerships with hundreds of thousands of American businesses—from our forklift manufacturer in Kentucky to the construction company in Texas that builds our delivery stations. Today is about renewing our commitment to these businesses and betting big on them.”

“In a time defined by uncertainty, having Amazon as a customer is a lifeline for many small and medium-sized businesses across the country. It’s not just a big vote of confidence, it’s also a source of income that can keep them thriving,” said Tom Sullivan, Vice President of Small Business Policy at the U.S. Chamber of Commerce. “Companies like Amazon are helping pave the way to a broad-based economic recovery.”

“Partnering with Amazon has changed everything for us,” said Jerry Wade, Regional Sales Manager at CTM Labeling Systems, a labeling applications and machinery company in Salem, Ohio. “They called us a few years ago and wanted to use our labeling machines in their fulfillment centers. Since then, we have nearly doubled the size of our facility, invested in more high-tech manufacturing equipment to meet the growing demand, and hired more people to build them.”

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