Why did forest industry dot.coms fail?

In late 1999, partly as a result of a softening in the U.S. economy, the Internet-based technology sector crashed. Before the crash, the forest sector was rife with business-to-business forest sector exchanges attempting to cash in on the dot.com explosion. The boom-bust history of dot.com exchanges...

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Bibliographic Details
Published in:Forest products journal 2004-10, Vol.54 (10), p.35-40
Main Authors: Shook, S.R, Vlosky, R.P, Kallioranta, S.M
Format: Article
Language:English
Subjects:
Alliances
Applied sciences
attitudes and opinions
Automation
business management
business models
business organization
Business to business commerce
Capital expenditures
Case studies
Collaboration
Cost control
e-commerce
Electronic commerce
Electronic data interchange
Exact sciences and technology
Failure
forest industries
Forest products industry
human behavior
Information services
innovation adoption
Internet
Market penetration
Online information services
Online services
Polymer industry, paints, wood
Pulp & paper industry
Services
Suppliers
Supply chains
surveys
technological change
Technology adoption
Wood
Wood. Paper. Non wovens
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Summary:In late 1999, partly as a result of a softening in the U.S. economy, the Internet-based technology sector crashed. Before the crash, the forest sector was rife with business-to-business forest sector exchanges attempting to cash in on the dot.com explosion. The boom-bust history of dot.com exchanges is now facing scrutiny, criticism, and reflection. In this article, we examine the factors that contributed to the bursting of the dot.com bubble from the exchange provider point-of-view. Respondents suggest that dot.com failure resulted from inappropriate business models, a tradition-bound industry that was not prepared for large-scale technology adoption, and a sense that the human element would be replaced by computers. [PUBLICATION ABSTRACT]
ISSN:0015-7473
2376-9637