Global Trading Web Association(SM) Reports Dramatic Increase in Transactional Activity and Sales Volume At Comdex
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LAS VEGAS, Nov 12, 2001 (BUSINESS WIRE) -- The Global Trading Web Association (GTWA), the world's largest independent membership organization of electronic marketplaces, today made a release of unprecedented transactional and sales volume data indicating that activity among e-marketplaces is growing at an aggressive rate and offers a resounding endorsement of the strength of electronic commerce.
In an announcement made today at Comdex by GTWA Chairman Sandy Kemper, founder and CEO of eScout(SM), and GTWA President Dennis Jones, president and vice chairman of Commerce One, GTWA e-marketplace transactions have increased from 106,168 to 884,166, a 733% increase when comparing January-June 2001 activity with same time period in 2000. Projected 2001 year-end transactions are expected to reach 2,140,500.
Sales volume reported among GTWA member exchanges rose from $115,258,841 during the first two quarters in 2000 to $3,700,144,295, for the first two quarters in 2001, a 3,110% increase. Projected 2001 year-end sales volume is expected to reach $6,238,433,526.
Product offerings and selection are increasing as reflected in the data. The number of SKUs, the stock keeping units used to track individual products, has increased from 4,318,654 to 17,146,539 for the period of June 2000-June 2001. The projected 2001 year-end total product offerings is anticipated to reach 23,829,542. Greater product selection directly correlates to customer satisfaction, faster purchasing decisions and repeat business.
Kemper commented, "Recent terrorist events throughout the world have heightened the dialogue concerning globalization and trade, and the outlook for global trade is high in the thoughts of many. These data represent a composite of activity among GTWA members who constitute the largest and most vigorous electronic trading network in the world. While we are extremely pleased with the accelerated rate of growth, we are not surprised." He continued, "Our members believe that global electronic trade will continue to thrive as the supply chains reach farther, people demand direct purchasing, businesses throughout the world seek markets to distribute their products and increasingly want access to everything the world has to offer."
"The members of the GTWA are challenging themselves to achieve interoperability and agreement on standards that will impact future growth," said Jones. "We look forward to working together as a global trading network of e-marketplaces and corporate enterprises to further enable worldwide business trade, providing the fundamental standards to allow anywhere, anytime e-commerce for businesses everywhere."
Gartner G2 analyst Gale Daikoku commented, "E-marketplaces are not dead! Our ongoing research continues to debunk that myth. E-marketplaces facilitated non-financial sales transactions of $140.8 billion in 2000, at a time when most e-marketplaces were just ramping up. We expect that in 2005, e-marketplaces will become an integral business-to-business (B2B) trade mechanism for thousands of companies worldwide."
The GTWA represents the largest independent, electronic trading network of buyers and suppliers in the world. Its 31 members provide electronic trading services for more than 250,000 companies in over 100 countries throughout the world. With systems hosted in 33 countries, including the United States, Asia and Europe, GTWA members offer a variety of trading services such as representation of suppliers to large numbers of buyers, transaction processing services and other logistical and commerce-clearing services.
About the Global Trading Web Association (GTWA)
The Global Trading Web Association (GTWA) is an independent, non-profit industry membership organization devoted to facilitating the continued growth and promoting the role of B2B e-commerce. The GTWA and its consortium of independent merchant sites and electronic exchanges work to accelerate the movement of global Internet trade; and together, they constitute a global network of buyers and suppliers. A leading authority on the issues that influence the forward progress of international B2B e-commerce, the GTWA acts as an industry voice in debates on electronic transaction standards and technical standards affecting exchange-based trading and education, and also is a significant participant in legislation and regulatory processes. For further information on GTWA and its members, see gtwa.net.
The GTWA will host Straight Talk: Numbers, Transactions and Players press announcement and panel discussion November 12, 2001 at 12:00pm PST. To dial-in, call 415/904-7319 for US based callers; 001- 415-904-7319 for non-US based callers. |
