B2B Transactions Lead E-Commerce
WASHINGTON (AP) _ Business-to-business transactions dominated electronic commerce in 2000, the Census Bureau reported Monday.
Such sales make up for 94 percent of e-commerce transactions, the bureau said.
The manufacturing industry led all sectors surveyed, with total e-commerce shipments of $777 billion.
Online trends are unlikely to reverse ``as companies in all industries try to use their technologies as effectively as possible,″ Kathleen Cooper, Commerce Undersecretary for Economic Affairs, said Monday.
Manufacturers and wholesalers have long used a computerized network that predates the Internet to do business, a main reason for the dominance of transactions between businesses, the report said.
Results came from surveys covering a total of 125,000 businesses in the manufacturing, wholesale, services and retail sectors.
The data was the latest available except for the retail sector. The bureau last month estimated e-commerce retail sales at $33 billion in 2001, accounting for 1 percent of total retail sales.
The report released Monday showed Americans making online retail purchases in 2000 that totalled nearly $29 billion, including food and clothes, cars, and computer software.
Eighteen percent of total manufacturing sales occurred online in 2000, compared with 8 percent of wholesale transactions, and less than 1 percent of service industries.
On the Net:
Census e-commerce report: http://www.census.gov/eos/www/ebusiness614.htm