Developing nations must push B2B market for e-com growth

The developing countries need to push business-to-business B2B segment of the e-commerce market to increase the volume of online transactions, an UNCTAD report said on Monday.

The e-commerce and development report 2002 of United Nations Conference on Trade and Development UNCTAD said that e-commerce is thriving around the globe but in case of developing countries which comprise 95 per cent of all e-commerce, unless B2B end of the market does not take off, volumes there will remain negligible.

The route to a prosperous B2B sector lies in joining regional and global supply chains, it said, adding the main impediment to the take-off of B2B in the developing countries is inadequate information and communication technology infrastructure besides shortcomings in physical infrastructure, logistics and trade facilitation