E-commerce cost savings to total $US1.25 trillion

Cost savings derived from electronic commerce will total $US1.25 trillion in industrialised nations by 2002, according to a new report from Giga Information Group.

That figure compares with global e-commerce-related cost savings of $17.6 billion last year.

Most of those savings -- about $15 billion -- occurred in the US. Giga estimates that US companies will save more than $600 billion in 2002, primarily through internet-based electronic order handling and processing, supply-chain management and procurement, marketing and customer service.

Join the newsletter!


Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

More about Giga Information Group

Show Comments