August 1, 2001 |
There are thousands of business-to-business e-marketplace sites operating today, trading everything from bananas to zinc. Of course, many of these will not exist long term, largely because of liquidity. The survivors will be those sites that have strong logistical support and involvement from key players in the industry - whether from producers, traders or financiers.
Leaders have already emerged in certain industries. Enron, for example, is quietly racing ahead in the trading of metals on-line. Another group trading metals, FerrousExchange, has formed a partnership with the e-trading platform Bolero.net to offer secure electronic cross-border transactions for the steel industry. In th
International electronic trade is a reality and major exporters and importers are conducting trade on-line. But trading platforms and banks that support such transactions still have major challenges ahead in Latin America.