Global Survey: Retail and Distribution Industry Behind Other Major Sectors in Adoption of B2B E-Commerce

Izodia Releases Results of 'State of Global B2B E-Commerce'

Survey on Retail & Distribution Sector



Apr 25, 2001, 01:00 ET from Izodia

    BROOMFIELD, Colo., April 25 /PRNewswire Interactive News Release/ --
 Retail and distribution companies around the world are less likely to adopt
 B2B initiatives than other industries, but are the most often to automate
 their entire supply chains when deploying e-commerce, according to a global
 survey sponsored by Izodia, an international leader in B2B e-commerce software
 and services.
     Respondents to the global survey, released today by Izodia, found that
 retail and distribution companies in the United Kingdom led efforts in
 deploying e-commerce programs with more than half indicating they had already
 implemented a B2B initiative.  That compares with only 32 percent of U.S. and
 22 percent of German retail and distribution companies.
     In addition, the survey found that the UK's retail and distribution sector
 was far more interested in exploring B2B e-commerce than their U.S. or German
 counterparts, where almost 20 percent of respondents said they had no
 immediate plans to deploy B2B initiatives.
     Although the retail and distribution sector in general falls behind other
 sectors -- such as manufacturing -- in adopting B2B, the sector is the most
 likely to automate both the supply and procurement functions within their
 respective organizations.  Sixty-seven percent of retail and distribution
 companies planned to automate their entire supply chains, compared with
 60 percent in manufacturing and 59 percent in the finance sector.
     Worldwide, the retail and distribution sector identified the ability to
 get value for the money, the ability to integrate with existing systems and
 the cost of B2B solutions as the highest areas of concern for e-commerce in
 the industry.
     "Retail and distribution companies have the highest instance of automating
 both procurement and supply-side e-commerce solutions, as opposed to just one
 or the other.  We believe this sector understands the benefits of moving up
 and down the supply chain and recognizes that no single company is just a
 buyer or a seller," said Anthony Stepanski, CEO of Izodia.  "In particular,
 retail and distribution companies are more concerned with logistics being
 incorporated into the supply chain due to the nature of their business."
     Highlights from the survey surrounding retail and distribution industry
 and B2B e-commerce include:
 
     --  German retail and distribution companies ranked cost savings in
         automating manual purchasing procedures as the No. 1 benefit of
         adopting B2B e-commerce initiatives.  While the U.S. and UK ranked
         this benefit important, both countries identified the ability to
         develop collaborative commerce initiatives as big priority.  German
         companies also felt that mobilizing the supply chain was more
         important than collaborative commerce.
 
     --  UK retail and distribution companies ranked highest for automating
         both procurement and supply, with 74 percent indicating they intend to
         automate their entire supply chains.  That compares with 65 percent of
         U.S. and 58 percent of German retail and distribution companies
         automating both processes.
 
     --  When asked if B2B e-commerce solutions need to be less expensive in
         order to gain mass-market adoption, 55 percent of retail and
         distribution companies agreed with the statement.  That compares with
         68 percent of manufacturing companies who supported this idea.
 
     --  Getting suppliers to provide electronic catalogues was an important
         facet of B2B e-commerce initiatives for the retail and distribution
         sector, with 40 percent identifying it as a major priority.
 
     Independent IT research consultant Vanson Bourne conducted telephone
 interviews with 360 executives in companies with annual revenues below
 $700 million in the United States, Germany, United Kingdom, Italy, Sweden,
 Holland and South Africa.  Companies equally represented three key industry
 segments:  manufacturing, retail and distribution and finance.
     Participants were asked about their company's adoption of B2B e-commerce,
 the benefits they expected to derive and the timetables for which they
 expected to implement B2B initiatives.  Participants also were asked to
 outline their top priorities when faced with implementing B2B e-commerce
 ventures and their expectations for return on investment.  A copy of the full
 survey report is available on request.
 
     About Izodia
     Founded in 1993 in the United Kingdom with North American headquarters in
 Broomfield, Colo., Izodia (formerly Infobank) is an international provider of
 business-to-business e-commerce software and services.  With its flagship
 offering, InTrade 5, Izodia delivers a B2B solution that easily configures to
 support the unique needs and complexities of a company and its trading
 relationships, whether it's e-procurement, e-supply or an e-marketplace.
 InTrade is designed to easily integrate into a company's existing procurement
 and supply processes -- and those of business partners.  With offices
 throughout North America, Europe, Africa and Australia, Izodia's customer base
 extends over four continents and across a diverse array of industries,
 including healthcare, manufacturing, utilities, mining, aerospace, government
 and retail.  For more information, visit www.izodia.com.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X90619941
 
 

SOURCE Izodia
    BROOMFIELD, Colo., April 25 /PRNewswire Interactive News Release/ --
 Retail and distribution companies around the world are less likely to adopt
 B2B initiatives than other industries, but are the most often to automate
 their entire supply chains when deploying e-commerce, according to a global
 survey sponsored by Izodia, an international leader in B2B e-commerce software
 and services.
     Respondents to the global survey, released today by Izodia, found that
 retail and distribution companies in the United Kingdom led efforts in
 deploying e-commerce programs with more than half indicating they had already
 implemented a B2B initiative.  That compares with only 32 percent of U.S. and
 22 percent of German retail and distribution companies.
     In addition, the survey found that the UK's retail and distribution sector
 was far more interested in exploring B2B e-commerce than their U.S. or German
 counterparts, where almost 20 percent of respondents said they had no
 immediate plans to deploy B2B initiatives.
     Although the retail and distribution sector in general falls behind other
 sectors -- such as manufacturing -- in adopting B2B, the sector is the most
 likely to automate both the supply and procurement functions within their
 respective organizations.  Sixty-seven percent of retail and distribution
 companies planned to automate their entire supply chains, compared with
 60 percent in manufacturing and 59 percent in the finance sector.
     Worldwide, the retail and distribution sector identified the ability to
 get value for the money, the ability to integrate with existing systems and
 the cost of B2B solutions as the highest areas of concern for e-commerce in
 the industry.
     "Retail and distribution companies have the highest instance of automating
 both procurement and supply-side e-commerce solutions, as opposed to just one
 or the other.  We believe this sector understands the benefits of moving up
 and down the supply chain and recognizes that no single company is just a
 buyer or a seller," said Anthony Stepanski, CEO of Izodia.  "In particular,
 retail and distribution companies are more concerned with logistics being
 incorporated into the supply chain due to the nature of their business."
     Highlights from the survey surrounding retail and distribution industry
 and B2B e-commerce include:
 
     --  German retail and distribution companies ranked cost savings in
         automating manual purchasing procedures as the No. 1 benefit of
         adopting B2B e-commerce initiatives.  While the U.S. and UK ranked
         this benefit important, both countries identified the ability to
         develop collaborative commerce initiatives as big priority.  German
         companies also felt that mobilizing the supply chain was more
         important than collaborative commerce.
 
     --  UK retail and distribution companies ranked highest for automating
         both procurement and supply, with 74 percent indicating they intend to
         automate their entire supply chains.  That compares with 65 percent of
         U.S. and 58 percent of German retail and distribution companies
         automating both processes.
 
     --  When asked if B2B e-commerce solutions need to be less expensive in
         order to gain mass-market adoption, 55 percent of retail and
         distribution companies agreed with the statement.  That compares with
         68 percent of manufacturing companies who supported this idea.
 
     --  Getting suppliers to provide electronic catalogues was an important
         facet of B2B e-commerce initiatives for the retail and distribution
         sector, with 40 percent identifying it as a major priority.
 
     Independent IT research consultant Vanson Bourne conducted telephone
 interviews with 360 executives in companies with annual revenues below
 $700 million in the United States, Germany, United Kingdom, Italy, Sweden,
 Holland and South Africa.  Companies equally represented three key industry
 segments:  manufacturing, retail and distribution and finance.
     Participants were asked about their company's adoption of B2B e-commerce,
 the benefits they expected to derive and the timetables for which they
 expected to implement B2B initiatives.  Participants also were asked to
 outline their top priorities when faced with implementing B2B e-commerce
 ventures and their expectations for return on investment.  A copy of the full
 survey report is available on request.
 
     About Izodia
     Founded in 1993 in the United Kingdom with North American headquarters in
 Broomfield, Colo., Izodia (formerly Infobank) is an international provider of
 business-to-business e-commerce software and services.  With its flagship
 offering, InTrade 5, Izodia delivers a B2B solution that easily configures to
 support the unique needs and complexities of a company and its trading
 relationships, whether it's e-procurement, e-supply or an e-marketplace.
 InTrade is designed to easily integrate into a company's existing procurement
 and supply processes -- and those of business partners.  With offices
 throughout North America, Europe, Africa and Australia, Izodia's customer base
 extends over four continents and across a diverse array of industries,
 including healthcare, manufacturing, utilities, mining, aerospace, government
 and retail.  For more information, visit www.izodia.com.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X90619941
 
 SOURCE  Izodia