a trend in the b2b electronic marketplaces environment has been a move toward consol 629095

Uses of B2B Marketplaces for the PtoP Process

A trend in the B2B electronic marketplaces environment has been a move toward consolidation of the numerous marketplaces that popped up quickly in the early 2000s. One example is the merger between MyAircraft and AirNewco—two early entrants into the electronic marketplaces for supplying aviation-related supplies and materials. MyAircraft was a joint venture by supplier organizations such as United Technologies Corp., Honeywell International, Inc. (which at the time of this writing is in the process of merging with General Electric), and BF Goodrich Co. On the other hand, AirNewco was a joint venture by buyer organizations, including eight major international airlines and the United Parcel Service of America, Inc. The result of the merger is a single major exchange that represents the interests of both suppliers and buyers.