Forrester predicts e-commerce to hit $327 billion by 2002

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Internet commerce will grow quickly during the next four years, with the value of goods and services traded between companies climbing to $327 billion in 2002 from $8 billion in '97, according to the inaugural report from Forrester Research's Business Trade & Technology Strategies service. The billions of dollars generated on the Internet are expected to spawn what Forrester called a new "dynamic trading process."

Currently, manufacturers (especially those in electronics and airplane parts) represent 38% of all Internet business, with $3 billion; middlemen, and computer-related and office supplies total $2 billion; and services and utilities total $3 billion. Forrester predicted a shift in intercompany commerce from manufacturers to other types of companies, such as durable goods makers, which are expected to reach $99 billion in Internet sales by 2002.

Copyright July 1997, Crain Communications Inc.

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