Matthew MacKenzie

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Depending on which research you subscribe to, the consensus is that B2B e-business transactions are going to explode over the next few years. Forrester Research predicts $2.7 trillion in the U.S. by 2003. GartnerGroup expects $3.7 trillion for 2004, while the Boston Consulting Group, the most bullish, anticipates $7 trillion worth of B2B transactions for the same year. This growth isn't an isolated North American phenomenon. Many similar studies point to rapidly growing e-commerce trends in Europe, Asia, and Latin America. To get a better understanding of what's driving this growth, consider the following economic realities faced by today's businesses: A power company needs to rely on 20 other providers in the power grid to maintain service during peak loads, whereas once the company generated all of its own power. A manufacturer of PCs distributes product through 27,... (more)