CONNECT WITH US
eCommerce

eCommerce

Feedvisor Expands Agentic Commerce Platform to Target Growing Amazon Business Demand

WWD logo

Published on

Add as a preferred source on Google
Feedvisor Expands Agentic Commerce Platform to Target Growing Amazon Business Demand

E-commerce optimization firm Feedvisor announced an expansion of its agentic commerce platform, Agentis, to include Amazon Business.

The company said the update is intended to enable brands to identify business buyer demand within their current catalog, understand the differences between business buyers and standard consumers and then automatically adjust their pricing and advertising to capture the business buyer spend.

The move is in the context of the very rapid growth of digital B2B commerce. Forrester forecasts B2B e-commerce in the U.S. to hit $3 trillion by 2027. McKinsey’s more recent research reinforces this by noting that 73 percent of B2B decision makers are now willing to spend up to $50,000 in a single online transaction, which is up from 59 percent in the 2022 survey.

Related Stories

Prada now has a ChatGPT plugin.
Industry News

Talk to My Agent: These Fashion Companies Have Tapped OpenAI and Palantir

Despite fuel inflation, Amazon lowered its cost to serve in Q3 as shipping costs grew slower than units. However, unease over the tech titan's AI spending weighed on its stock.
Logistics

Amazon's AI Bill Accelerates, but Its Cost to Deliver Each Order Keeps Shrinking

Despite the growth, brands still struggle to distinguish business buying from retail buying. The business buyer often buys the same SKUs as the retail buyer, but in a different way. The volume of the order, the replenishment cycle, the pricing structure—which can be very complex—the way the purchase is actually made, and the way the business works all have a massive impact on the lifetime value of the customer.

“B2B isn’t another audience segment; it’s a different buying context,” said Victor Rosenman, CEO and founder of Feedvisor. “A business buyer will buy in larger volumes, will replenish more frequently, will be eligible for different pricing, and will be worth a lot more over the lifetime of the relationship.


Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.