Emergence of B2B

Within three years, B2B marketplaces could achieve significant liquidity and

become an integral part of procurement and sales in companies of all sizes and in

every major world market.

❚ B2Bs are bringing markets closer to the ideal worlds described in classical

economic textbooks of commerce that is free of transaction costs, information

inefficiencies, and geographical limitations.

Over the past two years, new electronic business-to-business (B2B) marketplaces have

been announced in every significant major industry almost daily. Many are up and

running today, but none has yet reached full scale or its promise of seamless integration with ERP systems and ancillary services. Within three years, however, many of these marketplaces could achieve significant liquidity and become an integral part of procurement and sales in

companies of all sizes and in every major world market.

Popularity: 37% [?]

Tags: - B2B, B2B, b2b_marketplaces, business_b2b, electronic_business, erp_systems

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