The B2B sector took off in mid 1999, capturing the interest of investors and entrepreneurs alike. Any business plan seemed destined for success. Fueled by market exuberance, as well as multiple analyst reports proclaiming future B2B revenue in the trillions of dollars, the industry's success seemed imminent. However as we approach 2001, the B2B industry is undergoing significant restructuring. No longer do firms scan the market for the best prices from a multitude of vendors.
Companies now demand an overall solution from beginning to end.
Captivated by its promise, the industry is addressing the vision of executing EDI, CRM and B2B all at once. Global Internet Summit will deliver the answers. The Internet B2B model initially set out to create new rules on how industries conduct operations. B2B would deliver cost reductions and increased revenues to any firm implementing these solutions. After a roller coaster year, the reality is slightly different.