B2B tsunami coming, but are banks ready?

Internet analysts are predicting B2B e-commerce could eclipse business to consumer e-commerce this year.

While the darling of the internet market place in 1999 has been business-to-consumer e-commerce, internet analysts are predicting big things for B2B e-commerce in 2000.

Business-to-business electronic commerce has been treated in the media and internet marketplace like the ugly stepchild to the more glamorous business-to-consumer electronic commerce, says Harry Tse, director of Internet Computing Strategies at the Yankee Group.

But B2B e-commerce procurement activity, with its material bottom-line benefits, is spawning rapid adoption by buyers across many industries, which in turn is compelling more and more sellers to offer B2B e-commerce capabilities.

In fact, Forrester Research Inc predicts that the value of the business-to-business market will expand to US$1.5...

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