Introduction of this bill represents a very strong bipartisan effort to assist small- and medium-sized businesses as they move their operations into an e-commerce environment. Enacted, this legislation will also improve the interoperability of the electronic transfer of technical information in the manufacturing supply chain. The lack of interoperability between software, hardware, and networks in exchanging product data and other key business information obviously is hurting U.S. productivity. The costs of this barrier are enormous. According to a study conducted by the National Institute of Standards and Technology of product data exchange in the automotive sector alone, the inability to efficiently exchange product data through the automotive supply chain conservatively costs about $1 billion a year.
Editor's note · Context
Discussing bipartisan legislation to improve e-commerce for small and medium-sized businesses.
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