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B2B: The Future Of International Trade.

By: Admin In: B2B Last Updated: 2010-11-25

International Trade has come long way from the days of industrial revolution, which has popularized this concept till today, when e-biz and global market have become part of our life. B2B market has played important role in the development of international trade and has offered more easy and profitable way of conducting trade across boundaries and barriers. The evolution of international trade and the present scenario clearly indicates where its future lies.

What is B2B? It is a common term, which is used in e-commerce domain to represent business transactions between businesses and trading partners. In common parlance, it can be defined as transactions taking place in the industrial value chain i.e. marketing activities between businesses.

Why B2B? There are numerous advantages of trading on to B2B portals, the main among them are listed below:

  • Comprehensive solution for Exim business.
  • Reduction in marketing costs.
  • Informative database for products as well as companies.
  • Effective search tool for prospective clients.

B2B Today Today, B2B segment makes up major part of the global trade, which takes place across countries. Marketing products and services on virtual platform gives larger audience and therefore larger trade leads leading to more number of prospective clients. Apart from this, the technological advancement has made it very simple and easy to use without any compromise in terms of quality or speed or transactions taking place.

B2B Tomorrow The ongoing development and expansion of B2B market place hints at a prosperous tomorrow for the segment especially when it comes to international trade. There is no doubt that today, B2B segments covers more than 40% of transactions that are taking place in world trade, and this number is constantly increasing making B2B the mainstay of international business.

Futuristic trends of B2B We can already see futuristic trends developing in the B2B segment, some of the significant ones are:

  • Unification of trading world and top business portals.
  • Simplification of trading solutions to best cater to needs of buyers.
  • Reaching out to small and marginal business players.
  • Offering equitable opportunity to all businesses.
  • Erasing national boundaries.
  • Minimizing trade barriers and other such restrictions thereby allowing unobstructed trade.
  • Removing the concept of middleman from trading arena.

The ongoing growth and development and the positive trends, which the B2B segment is experiencing clearly indicates, where the future of international trade lies.

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