Ecommerce sales on websites, login-portals and marketplaces grew past $1 trillion for the first time in 2018. The “2019 B2B U.S. Ecommerce Market Report” lays out why B2B ecommerce sales are accelerating and why growth online is at an all-time high.
Manufacturers, wholesalers and distributors used to take most orders in person, by phone or by fax. That’s no longer the case—now those B2B sellers are increasingly going online and generating more new and repeat business through ecommerce. Last year, in fact, business-to-business ecommerce sales through websites and online marketplaces grew at the fastest rate yet and for the first time surpassed $1 trillion.
Sales transactions in the United States processed through B2B ecommerce sites, log-in portals and online marketplaces grew 11% to reach $1.08 trillion, according to data published in the 2019 B2B U.S. Ecommerce Market Report.
Source: B2B ecommerce sales surpass $1 trillion—with more growth to come