Another news aggregator reported on barter yesterday. Suite101.com put together a nice piece about barter in general.
Today, the barter industry is composed of several thousand independent barter exchanges representing an estimated 450,000 businesses worldwide turning over US$9 billion per annum (barternews.com, 9 July 2009). Through bartering, businesses in Asia, US, Australia and Europe have saved millions of dollars were consistently able to move as much extra inventory as they want.
But why barter system is back in style? There are many good reasons why more and more businesses worldwide are bartering their products and services, but underlying them all is one fundamental business motivation; profit. Businesses can use barter to conserve cash, generate new business, and turn excess and idle inventory into useful products and services.
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