Can We Leverage the Future of Being Driven by B2B?

Source: Gartner

The diagram by Gartner Group "Can We Leverage the Future of Being Driven by B2B?" shows a business forecast growth in global transactions in the year 2000 starting from $40 B to exceeding $7 trillion by the year 2004 over the Internet. The Global B2B market being $7.3 Trillion, will be 7% of the global economy in 2004 according to Gartner's predictions. According to Gartner, 40 % - $2.7

Trillion of goods and services will be transacted on e-Marketplaces. Forrester's prediction is even higher by predicting that 53%! Exchanges will have a huge impact on the economy according to Crimson Consulting Group.

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B2B promise to help organizations run more efficiently. But exchanges are struggling to overcome:

• Buyers and sellers figuring out what’s in it for me!
• Technological (e.g. catalogs payment and systems) and
• Supports the variety of services demanded by agencies
• Ability to handle Federal buying rules

Exchanges have down the road benefits including:
• .Significant cuts in procurement cost:
• .Seamless integration with customers and suppliers;
• .Ability to have purchasing data instantly;
• .Elimination of excess inventory; and
• Immediate response to changes in customer purchasing patterns

Est global savings of $1 trillion by 2010 (Boston Consulting Grp)
Global B2B market: $7.3 Trillion, 7% global economy 2004

Gartner predictions

40 % -$2.7 Trillion of goods & services transacted on e-Marketplaces. Forrester’s prediction higher, 53%

Exchanges will have a huge impact on the economy, Source: Crimson Consulting Group.