Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Big who wrote (48803)	12/21/1999 2:14:00 PM
From: puborectalis	Respond to of 108040

Tuesday December 21, 2:06 pm Eastern Time Study forecasts surge in "B-to-B" e-commerce BOSTON, Dec 21 (Reuters) - Electronic commerce between U.S. businesses will surge at 33 percent a year by 2003, accounting for $2.8 trillion in value -- or one-fourth of all corporate purchasing, according to a study released on Tuesday by the Boston Consulting Group. Purchasing in the retail, automotive, shipping, industrial, high-tech and government sectors will drive the majority of growth in the business-to-business or the so-called ``B-to-B' e-commerce sector, the report said. In 1998, U.S. ``B-to-B' electronic commerce totaled $671 billion, the report found. Of that, $92 billion was Internet-based and $579 billion in transactions were made using Electronic Data Interchange (EDI) over private networks. While EDI, which preceded the Internet, accounted for the vast majority of business-to-business e-commerce, almost all the growth in ``B-to-B' e-commerce will be Internet-based, the report found. Business-to-business e-commerce is driven not just by cost-savings, but to gain competitive advantage and develop new revenue opportunities, the study's authors said. Last month, Ford Motor Co. (NYSE:F - news) and General Motors Corp. (NYSE:GM - news), the world's two largest car makers, announced separate e-commerce plans to link suppliers, dealers and other businesses. Ford's e-commerce joint venture with software firm Oracle Corp. (NasdaqNM:ORCL - news) could end up saving the automaker billions of dollars, the company said.