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According to CAP Ventures, only 17 percent of print is currently procured via processes that are at least partly Internet-enabled. This number is expected to triple within two years, and grow to 80 percent by 2005.
Overcoming the obstacles
In order for the book industry to evolve into an e-procurement transaction model, there must be pressure. One possible source of pressure is the rise of e-books and electronic publishing. As content providers increasingly publish and sell wares online, book printers may find their presses less busy. Rising paper prices may also shrink profits, therefore, increased communication efficiency to fill open press time is a competitive advantage.
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