Internet commerce will account for up to nine per cent of US sales within five years, predicts a new report from Forrester Research.
By 2003, online business-to-business trade will reach $1.3 billion, up from an estimated $43 million in 1998. The computing and electronics industries will lead the way in offering online sales options, but within five years, the aerospace and defence, petrochemical, utilities and motor vehicle sectors will also be key players.
This means that once ecommerce adoption hits a critical threshold, it will enter a period of ?hypergrowth?.
While the computing and electronics industries have already entered this phase, the others will follow suit in time, and in many commodity markets, this will lead to lower prices that reflect real-time supply and demand.
Source: VNU Newswire
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