Market Insights | In Spotlight
If you are in the business of e-retail and are trying to figure out the best fulfillment method for your business, the odds are you have heard the term “dropshipping” often.
Let us find out what drop shipping is and whether it the right choice for you.
Definition: In simple terms, dropshipping is a supply chain model where the seller does not stock his/her merchandise but instead arranges it to be shipped directly from the supplier (a manufacturing factory or a wholesaler) to the consumer once an order is placed. The biggest contrast here from the conventional retail model is the absence of an inventory with the seller.
Let us look at the advantages and disadvantage of the dropshipping model of fulfillment to find out if it is the right choice for you: