Consultants have earned many billions of dollars out of organisations swinging back and forth between these approaches. David Oates, European vice president for online marketplace vendor Moai, said that the future for e-marketplaces does not lie with private exchanges set up by entrepreneurs.
People are now wary about the future of dotcom marketplaces.
There are many, many public marketplaces failing at the moment. The real growth will be the corporate marketplace taking those exchanges in-house. They don't want other members of a consortium to know if it is competitive edge purchasing, so they will keep it behind the firewall,' he explained. The transaction model is dying. Nobody wants to pay X per cent of the transaction value in fees any more,' he said.