Can e-commerce save industry from recession?

摘要

The Internet connects customers, suppliers, distributors and provides access to e-marketplaces, through which businesses can sell, buy and deliver products more efficiently. The benefits of e-business for manufacturers are well documented. Automated, online transactions are quicker and more cost-effective. E-commerce reduces HR costs and extends the reach of company without greatly increasing its marketing budget. The ultimate and attainable goal is to cut all slack and wastage from supply chain, thereby reducing working and materials storage costs.