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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Kaliico who wrote (11620)	9/5/1999 10:59:00 AM
From: Kaliico	Read Replies (1) \| Respond to of 57584

FYI All : More on B2B internet development... KEy phrase in this article : "Further testimony: In 1998, b-to-b sites saw $43 billion in revenues, dwarfing retailers' $8 billion gross." If there is one factor about any sector of the internet used by Wall Street for decision making, it is long term viability.IMHO B2B has just that. B2B outpaces B2C by factor of 5 in dollar volume right now.. for a very good read.. thestandard.com From the first 3 paragraphs (Source : "The Standard"...) Businesses have taken to the Net with a passion – and in the process have found previously unexplored avenues for supply and demand. While retail e-commerce is currently growing at an impressive 69 percent annually, business-to-business sites are exploding, growing 99 percent a year. Further testimony: In 1998, b-to-b sites saw $43 billion in revenues, dwarfing retailers' $8 billion gross. Forrester Research (FORR) estimates that by 2003 online trade between companies will reach $1.3 trillion, compared to just $108 billion in online retail spending. Another way of looking at the trend: Online commerce made up 0.2 percent of business-to-business trade in 1997. In 2003, e-commerce is expected to account for 9.4 percent. CHANGE IS GOOD Each industry has a different set of inefficiencies – typically the fruits of long-standing business practices and archaic hierarchies. But thanks to the Internet, business practices are ripe for redesign. Forrester predicts that, on average, b-to-b sites will save participants anywhere from 18 percent to 45 percent through quicker ordering of supplies, speedier delivery of goods, fewer errors, better information and more opportunities to find the lowest-priced products and services.