The Atlantic: So Much for Cutting Out the Middleman

Date: 9 Jun 2022 | posted in: Retail | 0 Facebooktwitterredditmail

Excerpt from the story published June 09, 2022

[T]he internet has transformed some classic intermediary industries—most notably retail—in ways that empower a small number of supersize middlemen. More online shoppers start their search on Amazon than on any other website, including Google. Amazon, which started out as just a virtual version of the classic bookstore, has evolved into a middleman among middlemen; rather than set up their own e-commerce systems, smaller producers and resellers sell on Amazon—but doing so costs them. According to the Institute for Local Self-Reliance, Amazon’s cut of third-party sales increased from 19 percent in 2014 to 34 percent last year. Yet the number of sellers that use Amazon also continues to grow.

Read the full story here.

Avatar photo
Follow Reggie Rucker:
Reggie Rucker

As Communications Director at the Institute for Local Self-Reliance, Reggie develops communications strategies and leads campaigns to build public support for ILSR local power initiatives. Contact Reggie with media inquiries.