Amazon abruptly stops buying products from many wholesalers, Bloomberg says

Amazon has abruptly halted purchasing products from many of its wholesalers, creating panic amongst vendors, Bloomberg’s Spencer Soper reports. The ecommerce giant is encouraging vendors to instead sell directly to consumers on its marketplace, Soper notes. The company makes more money that way by offloading the cost of buying, storing and shipping products, while it can charge suppliers for these services and take a commission on each transaction, Soper says.
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