While most households will neither notice nor care about Y2K, a few will. One of the things people are going to do is withdraw a little extra cash from the bank. Most of that cash isn't going to make it back into the bank, it will get spent, in some manner or fashion. Europe, The Internet and the American Standard E-retailing will have its first Christmas in Europe, although most European retailers will hardly take notice. Think of Standard European Internet time as being about one to two calendar years behind the U.S., or about seven to 14 Internet business lifecycles.
Asian retailers are even farther behind their European counterparts.
Retailers in both regions of the world are finding it difficult adapting to the American Internet Standard. The gap will become obvious to everyone this Christmas. Drawing on the knowledge and skills of 155,000 people in 150 countries, we help our clients solve complex business problems and measurably enhance their ability to build value, manage risk and improve performance. PricewaterhouseCoopers refers to the US firm of PricewaterhouseCoopers LLP and other members of the worldwide PricewaterhouseCoopers organization.