Survey: Productivity Gains, Cost Reductions Drive E-Business Investments

Jan. 13, 2005
By John S. McClenahen Even during the most recent U.S. recession and the continuing economic slowdown, manufacturers are continuing to invest in e-business. In the short-term, investment is being driven by productivity increases and cost savings within ...
ByJohn S. McClenahen Even during the most recent U.S. recession and the continuing economic slowdown, manufacturers are continuing to invest in e-business. In the short-term, investment is being driven by productivity increases and cost savings within sales, service and production, reveals a survey of 500 firms done by the Washington, D.C.-based National Association of Manufacturers and Ernst & Young LLP. According to the survey, during the past year, the number of manufacturers using the Internet to sell 6% or more of their goods to consumers or other companies quadrupled to nearly 25%. However, many manufacturers are maintaining manual processes to accommodate customers that are not electronically connected. Indeed, 47% of companies surveyed cite a lack of customer e-business readiness as the primary barrier to their developing and implementing e-business initiatives.

Popular Sponsored Recommendations

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

Discrete and Process Manufacturing 2024 Trends and Outlook for North America

Oct. 29, 2023
Manufacturers are reaping the benefits of automation and cloud-based solutions. Discover what is driving today's industry trends and how they can shape your growth priorities ...

Process Mining For Dummies

Nov. 19, 2023
Here it is. Everything you need to know about process mining in a single book, written in the easy-to-understand, hard-to-forget style that ‘For Dummies’ manages so effortlessly...

The State of Digital Manufacturing Report 2023

May 8, 2023
Manufacturers Brace for an Uncertainty by Continuing Digital Transformation and Sustainability Initiatives.

Voice your opinion!

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