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KUALA LUMPUR, February 20 (China Press) - Global economy downturn had hit hard on local companies, many SMIs & SMEs had suffered hard times and facing financial difficulties. Looking ahead, many Malaysian's SMIs & SMEs are now looking forward to join B2B trade portal to reach out overseas customers, reduce operation costs and increasing trade opportunities in order to the deteriorating global economy.
B2B network specialist Mr. Calvert Wong, when interviewed by China Press, said in view of the deteriorating global economy, today's businesses have to seek better strategies in dealing with increasing costs, market competitions and difficulties, sales reduction and not engaged in price war which does not built capacity and value to the businesses. Mr. Calvert Wong, who is also the Managing Consultant of WEBSE, pointed out that B2B trade portal is now becoming one of the most important sales and marketing platform to counter deteriorating global economy.
"B2B (Business-to-Business) is a term commonly used to describe commerce transactions between businesses like the one between a manufacturer and a wholesales or a wholesales and a retailer. A typical classic example would be like, a manufacturer who specialize in producing disposable table wares who wishes to supply its products to restaurants or food courts," he said.
Despite last year gloomy retail market in the United States, e-commerce business has reached 200.4 billion U.S. dollars (about RM 721.4 billion), increase of 17% growth compare to year 2007, reflecting the growing maturity of e-commerce market.
"Almost all between the ages of 8-19 year-old child, have use the computers and the Internet, 20 to 24 year-old college students widely use the internet to do topic research and work assignments, 80% of company purchasing executives browse the Internet to procure products and services."
Mr. Calvert Wong while being optimistic about e-commerce prospects, said he was confident that supported by relevant research data, sales on e-commerce will grow over 20%.
He further pointed out that global internet users are now reaching 1.4 billion people and firmly believes that by year 2010, Asia largest internet user country, China, online shopping will be reaching 100 million people. Based on the internet growth expectations, joining B2B trade portal will definitely help to increase global trade opportunity by increasing businesses potential trade leads," he said
At present, Alibaba China is the world's largest B2B e-commerce website and had gone public listed in year 2007. |
