Looking at trends from the established markets, manufacturers are excelling the spend on e-commerce projects. According to the B2B E-commerce report, 79% of all manufacturers they will spend more on e-commerce than previously. This ads up to a massive 10% increase.
Electronic transactions are on the B2B environment. It has become a vital sales channel for manufacturers, distributors and wholesalers alike. Electronic transactions accounted for over 69% of manufacturers sales, and over 50% for Distributors and Wholesalers in 2018.
Although EDI systems largely account for transactions for manufacturers, all indications show that EDI’s share for electronic transactions will decline as B2B e-commerce becomes more popular due to the intuitiveness and scale-ability that e-commerce provides to companies.
Cassie van Wyk is the main author of this blog and has years of experience in the field of channel marketing and e-commerce respectively. He has a passion for writing and sharing knowledge, and does a lot of research in order to bring factual information to all the blog visitors. Feel free to reach out at any time!