Asia-Pacific business is moving towards collaborative commerce with a preference for private exchanges, according to Deloitte Consulting.
In a survey of 356 companies worldwide, 167 of which were from the Asia-Pacific, two-thirds said collaborative commerce would be "important" or "very important" by early 2002.
In the report, "Collaborative Commerce: Going Private to get Results", 61 percent of respondents also said the current economic downturn had accelerated the importance of collaborative commerce to their business.
Phil Darling, Deloitte Consulting's supply chain director, said the survey highlighted Asia-Pacific organisations' preference for private exchanges.
"A year ago, public exchanges were popular as they are simple to set up. However, suppliers were not too keen. When companies set up a private exchange, simpler relationships are in place, there are different benefits and there's a quicker response to demand," Darling said.
The survey also reported that regional businesses were optimistic about their potential return on investment (ROI). Sixty-eight percent of respondents said they expected to more than double their ROI.