Feds to Ramp Up Online Purchasing Presence
Online retail has been booming, with consumers flocking to the Internet to shop for almost anything. Online retail revenues in the U.S. would reach a projected $445 billion in 2017 and jump to $600 billion by 2020, according to a report FTI Consulting released last fall. The U.S. government has begun developing a program that would allow agencies to utilize e-commerce portals for purchases of COTS products. The program could impact e-commerce in two significant ways. First, it could provide a major boost to Internet marketing in general.