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To: puborectalis who wrote (1097)	1/12/2000 8:41:00 PM
From: Mohan Marette	Respond to of 4187

U.S. B2B to reach $2.8 trillion by 2003 By Jim Romeo E-Commerce Times January 12, 2000 According to a new study by management consulting firm The Boston Consulting Group (BCG), business-to-business (B2B) purchasing in the United States will grow by 33 percent per year and reach $2.8 trillion (US$) in transaction value by 2003. BCG also said that the Internet will soon replace private Electronic Data Interchange (EDI) networks as the medium of choice to transport electronic transactions. "In 1998, U.S. B2B e-commerce was $671 billion, comprising $92 billion in Internet-based transactions and $579 billion in transactions using EDI over private networks," said BCG Senior Vice President David Pecaut. "By 2003, the transaction value of B2B e-commerce over the Internet will be $2.0 trillion, and an additional $780 billion in purchases will be made over private networks using EDI." ecommercetimes.com