B2B Is Boom 2 Bust?
from the that-didn't-take-long dept
I remember in 1999 reading a prediction from Gartner Group that within a few years there would be 10,000 B2B exchanges. At the time, there were fewer than 1,000, but VCs I knew were pushing over each other to invest in any kind of B2B exchange they could find. Well, clearly that fad went away quickly. I just find it amusing, though, to compare that under-1,000-to-10,000 prediction with this new research report predicting that, of the 1,500 B2B exchanges currently in existence, only around 200 are expected to survive through next year. It turns out that companies aren’t interested in saving a few pennies here and there if it means changing everything about the way they do business and ignoring old relationships.
Comments on “B2B Is Boom 2 Bust?”
infrastructure hasn't changed
There are still reputations that have to be built over the course of years to break into an industry. Just because company XYZ can make a cheaper widget does not mean that big, prestigious companies will suddenly want to buy from them.