| Market
conditions
Solorex
LLC is strategically positioned to capitalize on the growth
of e-Business by linking the high technologies of tomorrow
with the established legacy systems of today in the massive
business-to-business marketplace. Solorex e-Commerce solutions
enable customers’ maximum reach into their trading partner
communities to provide significantly greater productivity
through connectivity.
National Statistics and Trends
Deloitte Research reports:
B2B e-Commerce will dominate the business-to-business side
by a factor of six, reaching $1.3 trillion by 2003.
By 2004 Forrester Research expects these
B2B transactions to capture 53% of all online business trade.
As firms engage into e-Business and adopt dynamic trading
practices, existing business practices and supply chain relationships
will get pulled apart. B2B- based e-Commerce will reach 2.7
trillion by 2004
University of Texas Center for Research
in Electronic Commerce reports:
The Internet economy by itself is now one of the world's major
economies. The $301 billion in annual revenue generated by
Internet companies now rivals the U.S. automotive ($350 billion)
and telecommunications ($270 billion) industries.
The Emerging Digital Economy II:
U.S. Dept. of Commerce reports:
By 2006, almost half of the U.S. workforce will be employed
by industries that are either major producers or intensive
users of information technology products and services. Innovation
has increased demand for high paid IT workers, and wage gaps
between IT workers ($53,000) and all other workers ($30,000)
continue to widen.
Businesses that do
not take an aggressive approach to B2B e-Commerce will lose
customers and ultimately fail.
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