Undersea Cable Snap Hamstrings International Trade And Harm B2bsUndersea cable accident like the one which hit recently in the optical fiber submarine communication system of SEA-ME-WE 4 can bring international trade to its knees. That is because today businesses around the world by and large make use of the services of Business to Business (B2B) portals. Any disruption due to cable snaps or anything of that nature would inflict colossal damage to international trade and thereby would trigger a price rise in exim commodities. B2Bs are known as the state of the art vehicle global business and it is run by internet services. B2B portals being an online entity provide international trade services at greater speed and cost effectiveness. As there is no substitute to that of the services of B2Bs in international business, it has to be taken into consideration that uninterrupted internet services is a must for containing any kind of economic slow down. Everyone tend to forget the other side of destruction which could happen due to such accidents. At the moment, the affected region is hoping for a speedy solution for this problem and wants to have an assurance from the service providers to make available genuine updates on any such incident in the future. One cannot de-couple international business from B2Bs anymore and these services are solely run on internet. Since there is no mechanism to valuate the transactions takes place on a daily basis on the B2B portals, it is hard to assess the damage, the disruption of services have cost to the region in few days time. To conclude, the disruption of internet will hamstring B2Bs and eventually it will inflict severe damage to the global business. Article Directory: http://www.articledashboard.com
Toboc, a b2b portal, provides global trade platform for Importers and Exporters from the different regions of the world. |