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Rapid Revolution: How e-commerce is changing the plastics industry.

According to Forrester Research, the business-to-consumer (B2C) electronic commerce transaction value will grow from $9 billion in 1998 to $108 billion by the year 2003. In addition, the Internet and electronic commerce have helped to unleash a set of forces that is changing the fundamental manner in which businesses interact with one another: B2B electronic commerce. Its transactional value dwarfs that of B2C electronic commerce to the tune of $43 billion in 1998, growing to $1.3 trillion in 2003.

The effect e-commerce will have on the plastics and other manufacturing industries will be as dramatic in the immediate future as it has been on the digital and direct-to-consumer industries over the past several years.

For example, http://www.plasticsnet.com is one of the earliest established vertical e-marketplaces, offering not only the three Cs of content, community and commerce for the specific plastics industry, but also evolving to offer more collaborative business services such as demand forecasting support to help manage the supply chain. PlasticsNet.Com currently aggregates sellers of resins and raw materials, as well as manufacturers of machinery equipment and replacement parts, to sell to a variety of molders, extruders, thermoformers and compounders.
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Author:Richards, Frances
Publication:Designfax
Date:Oct 1, 1999
Words:196
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