Afternoon Coffee: Amazon Business Posts $10 Billion in Sales Over 12 Months, Volkswagen to Mass Produce Parts With 3D Printing

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Amazon Business is on track to post sales of more than $10 billion over 12 months this year, the Seattle Times reports, underscoring the e-commerce giant’s rapid success breaking into the B2B market. Educational institutions, hospitals and governments have been strong customers, according to the report, and Amazon Business’ continued integration into e-procurement systems has only expanded the company’s B2B footprint.

For more on Amazon Business, see our related coverage of the vendor below.

Volkswagen Prints 

One of the world’s largest car makers is testing technology to cut out the middleman. As CNN reports, Volkswagen said Tuesday it would start using HP metal printing technology to manufacture car parts including gear knobs and custom tailgate lettering. And that’s only the beginning: The company is aiming to mass produce structural parts using the same technology “within two to three years.”

Global Oil Supply 

Fallout from political situations in Iran and Venezuela ultimately did not curtail oil production in August, with the global oil supply hitting a record high at 100 million barrels per day, CNBC reports. Higher output from OPEC more than offset seasonal declines from non-OPEC members, which were still boosted by increasing U.S. output.

U.S. Business Prices 

And finally, an economic update: Producer prices declined a seasonally adjusted 0.1% in August from a month earlier, The Wall Street Journal reports, the first monthly drop since February 2017. The downtrend was driven by volatility within trade services, and economists agreed it is unlikely that core PPI inflation has peaked.

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