PWC Survey Reveals E-Commerce is key to Economic Growth in Asia Pacific

Small- and medium-sized companies' use of electronic commerce is key to economic growth in Asia Pacific, according to the results an international survey conducted by PricewaterhouseCoopers. The Asia Pacific Economic Cooperation (APEC) Telecommunications Working Group (TEL) released the results of this survey, which included small and medium enterprises (SMEs) in 21 APEC member economies.

The 21 members of Asia Pacific Economic Cooperation (APEC) include Australia, Brunei Darussalam, Canada, Chile, China, Hong Kong (China), Indonesia, Japan, Korea, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, Philippines, Russian Federation, Singapore, Chinese Taipei, Thailand, the United States and Vietnam.

The survey results indicate that business organizations in these economies recognize the importance of e-commerce and are ready to embrace the technology needed to become an e-Business. Key factors sited as critical to fostering e-commerce use by SMEs include expanding customers and markets, raising the level of trust and confidence in the Internet, improving supply chain integration, and accessing information about suitable business models and technologies for electronic commerce.

PricewaterhouseCoopers surveyed more than 1,300 SMEs with up to 500 employees in all 21 APEC communities. Research included using an online Web survey in nine languages and more than 42 focus groups.

Note that the report requires Adobe Acrobat to read the file.

You may like these other stories...

Continuing its efforts to simplify accounting procedures, the FASB has issued a proposed Accounting Standards Update on customer fees paid in a cloud computing arrangement. The newly-proposed update (Intangibles—...
How are you planning? What tools do you use (or fail to use) for forecasting? PlanGuru is a business budgeting, forecasting, and performance review software company based in White Plains, N.Y. AccountingWEB recently spoke...
Event Date: October 30, 2014, 2 pm ETMany Excel users have a love-hate relationship with workbook links. For the uninitiated, workbook links allow you to connect one Microsoft Excel spreadsheet to other spreadsheets, Word...

Already a member? log in here.

Upcoming CPE Webinars

Aug 26
This webcast will include discussions of recently issued, commonly-applicable Accounting Standards Updates for non-public, non-governmental entities.
Aug 28
Excel spreadsheets are often akin to the American Wild West, where users can input anything they want into any worksheet cell. Excel's Data Validation feature allows you to restrict user inputs to selected choices, but there are many nuances to the feature that often trip users up.
Sep 9
In this session we'll discuss the types of technologies and their uses in a small accounting firm office.
Sep 11
This webcast will include discussions of commonly-applicable Clarified Auditing Standards for audits of non-public, non-governmental entities.