Survey Finds Large Global Companies Fall Behind In E-Commerce

Jan. 13, 2005
Contrary to popular belief, big global companies aren't leaders in e-commerce. That's the finding of a survey of 80 companies (each with at least $1 billion in annual revenues) by PricewaterhouseCoopers and The Conference Board. Surveyed companies came ...

Contrary to popular belief, big global companies aren't leaders in e-commerce. That's the finding of a survey of 80 companies (each with at least $1 billion in annual revenues) by PricewaterhouseCoopers and The Conference Board. Surveyed companies came from manufacturing, financial services, transportation, retail, energy, and communications. Survey results included:

  • e-business accounts for less than 5% of total revenues at 79% of the companies.
  • Only 28% of the companies process online transactions.
  • Only 17% of the companies regard themselves as innovative in e-business.
  • Less than half of the companies have quantitative methods in place to measure e-business efforts.
  • 25% have yet to move beyond basic brochure-type Web sites in their e-business efforts. One of the biggest disconnects, according to the survey, was the stated need for e-business and the actual investment. For instance, only 25% of the companies plan to invest in online procurement, though this was said to be a top priority.
  • Popular Sponsored Recommendations

    Gain a competitive edge with real-world lessons on private 5G networks

    Nov. 16, 2023
    The use of private networks in manufacturing applications is rapidly growing. In this paper, we present valuable insights and lessons learned from the field with the goal of enhancing...

    Legacy Phone Lines Are Draining Your Profits

    Oct. 30, 2023
    Copper wire phone line expenses that support emergency devices could be costing your company millions of dollars in wasteful overhead expenses. Rates have been skyrocketing while...

    Shifting Your Business from Products to Service-Based Business Models: Generating Predictable Revenues

    Oct. 27, 2023
    Executive summary on a recent IndustryWeek-hosted webinar sponsored by SAP

    How to Build Zero-Cost On-Site Solar and Storage Projects

    Nov. 25, 2023
    The Inflation Reduction Act offers tax credits, incentives, and financing that enable no-cost projects. In Enel’s eBook, discover the critical role that incentives play in your...

    Voice your opinion!

    To join the conversation, and become an exclusive member of IndustryWeek, create an account today!