In this article: GartnerGroup’s worldwide business-to-business e-commerce market forecast, 1999-2004 Going global pays off according to the World Economic Forum and Deloitte Touche Tohamaru In virtual world of e-commerce, fulfillment woes are quite real according to Armstrong & Associates |
GartnerGroup projects worldwide B2B e-commerce market to soar to $7.29 trillion by 2004
Well-respected IT advisory firm says ‘e-market makers’ will drive aggressive growth; launches new services to track market dynamics.
Business-to-business (B2B) e-commerce will grow at aggressive rates through 2004, causing fundamental changes to the way businesses do business with each other, according to GartnerGroup, a leading IT advisory firm. According to Gartner, the worldwide B2B market is forecast to grow from billion in 1999 to .29 trillion in 2004. By 2004, B2B e-commerce will represent 7 percent of the forecasted trillion total global sales transaction. (See Figure 1, Worldwide Business-to-Business Market Forecast, 1999-2004.)
The catalyst for B2B e-commerce will be the activities of so-called “e-market makers”. According to Gartner, an “e-market maker” is an organization that develops a B2B, Internet-based, e-marketplace of buyers and sellers within a particular industry, geographic region, or affinity group. Among the best-known e-market makers today are Chemdex, VerticalNet, Altra Energy Technologies, Paper Exchange, Instill, PlasticsNet, and Commerce One’s Marketsite.net.
Gartner projects that these e-market makers will facilitate .71 trillion e-commerce sales transactions in 2004, representing 37 percent of the overall B2B market, and 2.6 percent of forecasted worldwide sales transactions.
GartnerGroup analysts add that e-market makers will have a critical but subtle impact on transactions that flow through brick-and-mortars’ sell-side initiatives. These sell-side initiatives are defined as including extranets, B2B Web storefronts, Electronic Data Interchange (EDI), and flat file transfer over the Internet, as well as related e-commerce activity that allows a seller to leverage the IP network as a channel to its buyers.
The impact of e-market makers and the evolving business models surrounding the multitrillion dollar B2B e-commerce market will be explored in GartnerGroup’s soon-to-be-released suite of B2B e-Market Makers advisory services. For more information on these services, contact the GartnerGroup at http://www.gartnergroup.com.
Annual WEF, Deloitte Touche Tohmatsu study says globalization helps companies beat S&P500. Want your company’s financial performance to outpace the S&P 500?
Well, then, going global may be the answer.
A new study shows that going global can have big payoffs. The study, released from the World Economic Forum (WEF) and Deloitte Touche Tohmatsu, measures the impact that going global has on corporate enterprise values. It shows a distinct correlation between going global and successful financial performance. This year’s findings from the WEF/Deloitte Touche Tohmatsu “Innovative Leaders in Globalization” multiyear study show that 84% of companies that ranked highly, according to a proprietary Globalization Index, have outperformed the S & P 500 over the last five years.
The Globalization Index was derived from results of a diagnostic survey completed by 25 of the world’s leading companies. It is designed to help companies gauge how global they are in relation to their peers. The index ranks six organizational capabilities: governance and responsibility; strategy and finance; marketing, sales and service; operations and technology; research and development; and human resources management. The framework categories were selected based on their respective role in affecting ultimate shareholder value.
Other key findings from this year’s “Innovative Leaders in Globalization” study were: Global leadership is key to global success: Senior executives and board members must have global business experience to succeed at globalization in the long run The marketing and R & D functions are the least global functions at most of the companies surveyed The Internet is fundamentally realigning perceptions about markets and customers, as business opportunities that were once considered too remote due to distance and language are now prime targets for doing business The findings reflect the second phase of a multiyear collaboration between the WEF and Deloitte Touche Tohmatsu, the two organizations say. Last year, Deloitte Touche Tohmatsu and the WEF presented the results of the first phase of the program: a globalization framework and a common globalization lexicon with the aim to demystify the term and clarify what globalization means. Next year’s focus will be to isolate and measure those distinct practices associated with going global that create value. For more information on the study, contact Deloitte Touche Tohmatsu at www.deloitte.com.
In virtual world of e-commerce, fulfillment woes are quite real
New consumer’s guide offers help for e-unfulfilled.
In virtual world of e-commerce, fulfillment woes are quite real New consumer’s guide offers help for e-unfulfilled. E-tailing grew rapidly in 1999, but the inability of many Internet retailers to meet orders on a timely basis remains a problem. Many terrific Web site builders have found that dissatisfied, angry customers are real, not virtual, according to Armstrong & Associates, publishers of a new report on e-fullfillment.
Most e-tailers and many businesses initiating Web alternatives are turning to third-party fulfillment companies to solve this problem. Identifying the best fulfillment providers has been a challenge that will be addressed with the publication of “Who’s Who in e-Commerce Fulfillment? Armstrong’s Guide to e-Fulfillment Services Providers.”
According to its publisher, the new guide to fulfillment companies provides a detailed roadmap for businesses and retail consumers looking for help in the e-fulfillment arena. Comparative information is provided on service capabilities, company sizes, key personnel, software, and current customers. In addition, case studies are presented to assist customers in identifying the prospect’s best suited to their operations.
Traditional third-party fulfillment companies that are adjusting rapidly to the new environment are NFI, GATX and USF Logistics. Smaller companies like Matthew Bender are also catching on. FedEx and UPS have modified their services quickly to accommodate their e-commerce package customers, the report says.
“Who’s Who in e-Commerce Fulfillment” contains detailed information on 60 companies and lists more than 100 companies. Some of these services providers have been in business for a few months — others have been performing fulfillment services for decades and are now adding e-commerce capabilities. Service matrices allow for quick comparisons of provider capabilities.
The guide is more than 170 pages long; it sells for (hard copy only) or (hard copy and diskette).
For more information, contact Armstrong & Associates at (800) 525-3915 or e-mail dick@3plogistics.com.
Ethics and Artificial Intelligence: Driving Greater Equality
FEATURE | By James Maguire,
December 16, 2020
AI vs. Machine Learning vs. Deep Learning
FEATURE | By Cynthia Harvey,
December 11, 2020
Huawei’s AI Update: Things Are Moving Faster Than We Think
FEATURE | By Rob Enderle,
December 04, 2020
Keeping Machine Learning Algorithms Honest in the ‘Ethics-First’ Era
ARTIFICIAL INTELLIGENCE | By Guest Author,
November 18, 2020
Key Trends in Chatbots and RPA
FEATURE | By Guest Author,
November 10, 2020
FEATURE | By Samuel Greengard,
November 05, 2020
ARTIFICIAL INTELLIGENCE | By Guest Author,
November 02, 2020
How Intel’s Work With Autonomous Cars Could Redefine General Purpose AI
ARTIFICIAL INTELLIGENCE | By Rob Enderle,
October 29, 2020
Dell Technologies World: Weaving Together Human And Machine Interaction For AI And Robotics
ARTIFICIAL INTELLIGENCE | By Rob Enderle,
October 23, 2020
The Super Moderator, or How IBM Project Debater Could Save Social Media
FEATURE | By Rob Enderle,
October 16, 2020
FEATURE | By Cynthia Harvey,
October 07, 2020
ARTIFICIAL INTELLIGENCE | By Guest Author,
October 05, 2020
CIOs Discuss the Promise of AI and Data Science
FEATURE | By Guest Author,
September 25, 2020
Microsoft Is Building An AI Product That Could Predict The Future
FEATURE | By Rob Enderle,
September 25, 2020
Top 10 Machine Learning Companies 2021
FEATURE | By Cynthia Harvey,
September 22, 2020
NVIDIA and ARM: Massively Changing The AI Landscape
ARTIFICIAL INTELLIGENCE | By Rob Enderle,
September 18, 2020
Continuous Intelligence: Expert Discussion [Video and Podcast]
ARTIFICIAL INTELLIGENCE | By James Maguire,
September 14, 2020
Artificial Intelligence: Governance and Ethics [Video]
ARTIFICIAL INTELLIGENCE | By James Maguire,
September 13, 2020
IBM Watson At The US Open: Showcasing The Power Of A Mature Enterprise-Class AI
FEATURE | By Rob Enderle,
September 11, 2020
Artificial Intelligence: Perception vs. Reality
FEATURE | By James Maguire,
September 09, 2020
Datamation is the leading industry resource for B2B data professionals and technology buyers. Datamation's focus is on providing insight into the latest trends and innovation in AI, data security, big data, and more, along with in-depth product recommendations and comparisons. More than 1.7M users gain insight and guidance from Datamation every year.
Advertise with TechnologyAdvice on Datamation and our other data and technology-focused platforms.
Advertise with Us
Property of TechnologyAdvice.
© 2025 TechnologyAdvice. All Rights Reserved
Advertiser Disclosure: Some of the products that appear on this
site are from companies from which TechnologyAdvice receives
compensation. This compensation may impact how and where products
appear on this site including, for example, the order in which
they appear. TechnologyAdvice does not include all companies
or all types of products available in the marketplace.