Afternoon Coffee: Amazon Business Reaches 1 Million Business Customers in U.S., Supply Dynamics Secures Market Entry Capital for Industry 4.0 Solution

Just a little past its second birthday, Amazon Business announced Tuesday it has reached more than one million business customers since launching in April of 2015, according to a press release. Amazon Business currently serves businesses of all sizes and across industries, including hospitals, educational institutions, labs, government agencies and restaurants.

“We are grateful to our customers for helping us reach this significant milestone,” said Prentis Wilson, vice president of Amazon Business. “We are striving to set a new standard for B2B e-commerce with Amazon Business, and it’s still day one for us.”

Supply Dynamics

Supply Dynamics, a provider of technology solutions designed to address the challenges of supply chain complexity in highly distributed manufacturing environments, announced Tuesday it had received new capital investment to accelerate market entry and expansion for the company, according to a press release. The funding, provided by Industries, Ohio-based Queen City Angels and Ohio TechAngel Funds, adds to the $13 million in investment Supply Dynamics has seen in recent years.

“Companies don’t compete with companies anymore, supply chains compete with supply chains,” said Trevor Stansbury, CEO of Supply Dynamics. “SDX is the most affordable and non-invasive way for large original equipment manufacturers to reduce cost, promote collaboration across the extended enterprise and compress cycle times — all without replacing or interfering with a customer’s existing IT systems.”

Azul Partners, Spend Matters’ parent company, acquired a price analytics platform from Supply Dynamics last year, now available through MetalMiner Benchmark.

Toyota Takes on Tesla 

Tesla is starting to see stiffer competition from established automakers intent on entering the electric vehicle market. As the Chunichi Shimbun daily reported on Tuesday, Toyota is aiming to begin sales in 2022 of an electric car that can allegedly charge its batteries in just a few minutes, a significant improvement over currently available technology, which takes 20–30 minutes to recharge.

Oil Exports 

And finally, a commodities update: As OPEC continues to grapple with global oversupply of oil, Saudi Arabia announced Monday it would limit its exports next month, in an effort to convince investors the group can faithfully lower oil output, the Wall Street Journal reports.

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