The predictions made at the height of the dotcom mania for online business-to-business (b2b) trading may have been ridiculously optimistic, but in 2002 the US Census Bureau reported that b2b transactions accounted for 94% of all e-commerce sales in 2000.
At the time when the rest of the market seemed to be in serious decline. The manufacturing sector alone accounted for shipments worth $777 billion for the year, with sales by wholesalers coming in a respectable second at $213 billion;
these numbers put even the most optimistic estimates for retail sales into sharp perspective. Forrester, a research company, predicts that the value of online trade in European business goods and services will amount to €2.2 trillion in 2006.
- Essential Internet: The Big Brand Part (2)
- Internet: It’s The Old Economy, Stupid Part (3)
- Internet: It’s The Old Economy, Stupid Part (2)
- Internet: It’s The Old Economy, Stupid
- Essential Internet: The Big Brand Part (3)