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Industrial PVF

Industrial survey: Future is on the Net

August 13, 1999
According to a survey by Industrial Distribution magazine, the Internet will be an essential part of doing business in the next century.

If numbers tell the story, the story is short: The Internet will be an essential part of doing business in the next century. At least that is the view of respondents to a recent survey by Industrial Distribution magazine.

Nearly half the distributors polled - 46% - already have Web sites, and 22% of those have sold products from their sites. Another 25% of respondents plan to establish a presence on the Net in the near future. Four out of five respondents have access to the Internet; most of the others will have access within a year or so.

Other findings include:

  • More distributors are selling internationally, and many of their customers want them to set up operations overseas to support their foreign plants.

  • Distributors are optimistic about their businesses in 2000, and they expect to hire more employees as a result.

  • More than a quarter of respondents are receptive to acquisition offers.

  • Integrated-supply ar-rangements continue to increase in popularity.

  • More customers are formally evaluating the performance of their distributors.

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