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How drop shipping is evolving over the past few years

Customer places order ? Retailer places order with Wholesaler/Manufacturer ? Wholesaler/Manufacturer deliver to Retailer ? Retailer stores extra products in inventory ? Retailer delivers to customer<br>As seen in the flow chart above, standard shipping starts with the customer placing an order with the retailer. The retailer then places an order with the wholesaler or manufacturer. The wholesaler or manufacturer delivers the order to the retailer when the order is ready. The retailer stores any extra products in their inventory and sends across the customer's order.

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How drop shipping is evolving over the past few years

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  1. ONEPLATFORMFORALLYOURLOGISTICSNEEDS

  2. aboutus ECU360isyourpersonallogisticscontroltower deliveringendtoendshippingservices:Quotations, Bookings,SailingSchedulesandShipping Instructions. Accessible24×7,allinoneplace.

  3. Howdropshippingisevolving overthepastfewyears Dropshippinghasbeenahottopicforthelastfewyears.Intheworldof eCommerce,bothsellersandmanufacturersarereapingtherewardsfromthis arrangement.Whenitcomestonumbers,thedropshippingmarketcouldcross US$550billionby2025! Nowyou'reprobablywondering,whyisdropshippingsuchabigmarket?

  4. What’sthestorybehindDropshipping? Wecanbestexplaindropshippingthroughacomparativeview. Customerplacesorder?RetailerplacesorderwithWholesaler/Manufacturer? Wholesaler/ManufacturerdelivertoRetailer?Retailerstoresextraproductsininventory?Retailer deliverstocustomer Asseenintheflowchartabove,standardshippingstartswiththecustomerplacinganorderwith theretailer.Theretailerthenplacesanorderwiththewholesalerormanufacturer.Thewholesaler ormanufacturerdeliverstheordertotheretailerwhentheorderisready.Theretailerstoresany extraproductsintheirinventoryandsendsacrossthecustomer'sorder. Customerplacesorder?SellerplacesorderwithWholesaler/Manufacturer? Wholesaler/Manufacturerconsolidatesorders?deliversdirectlytoCustomer Indropshipping,thecustomerplacesanorderwiththeseller,whoforwardsthisordertothe wholesalerormanufacturer.Thewholesalerormanufacturerconsolidatesordersanddeliversthem directlytothecustomer.

  5. Dropshippinghasbeenaroundfordecades The1960s Dropshippingstartedonasmallscalewithmail-ordercatalogues.Largeretailbrandslike JCPenneyandSearsusedthisduringthe1960s.Theyevenestablishedfulfilment warehousesandusedmail-ordercompaniessuchasCompuCardtospeedupthe deliveryprocess. The1990s Brandsstartedmovingonline,creatingeCommercestores.However,theinternetwasn't astransparent,andpeopleeasilyfellvictim todropshippingscams.Theseunsustainable dropshipperslostcredibilityandwentbankruptbytheendofthemillennium. The2000s AmazonandeBaysurvivedthedot-combubbleandwentontotransformeCommerce. Theysimplifiedthesellingprocesssothatuserscouldsetupastorewithinhoursor evenminutes.AmazonandeBayalsostartedadvertisingforsellersontheirbehalf, bringingdowndropshippingcosts.

  6. 2010s-2020s:DropshippingtransformedeCommerce Inthelastdecade,eCommerceexpandedradically.TheglobalretaileCommercemarketis poisedtohitUS$5.5trillionin2022andcouldgrowevenfurther,providingampleprofitable opportunitiesfordropshipping. Theabovefactorshavehelpeddropshippingevolveintoamulti-billiondollarindustry today.Aspartofthefreightforwardingindustry,wehavefirsthandseenwhat'snewin dropshipping inthelastfewyears.Herearesomekeytrends: Lowbarrierstoentry Anyonecansetupadropshippingbusinesstoday.Theinternetfacilitatestheeaseof transacting,sosellersdon'tevenneedaseparateofficetooperate.Theyjustneed minimalinvestmentsinadomainname,websiteoronlinestore,hostingand payment processing. Highcompetition Lowbarriers toentryhaveencouragedmoreandmoredropshipperstosetupshop.This meansthespaceishighlycompetitivefornewandolddropshippingsellersalike.It'sall aboutspottingtherightopportunitiesattherighttimeandcapitalisingonthem.

  7. Retailarbitrage Sellerscancheckthedifferencesinpricesonline.Theycanpurchaseproductsfora lowerpriceandsellthemforahigherpriceonanotherplatform.Forinstance,you see abookoneBaysellingat$10,butthesameoneonAmazonretailsfor$20.You purchaseitfromeBayandsellitonAmazon,earninga100%profit. Easy accesstosuppliers Usingtheinternet,dropshipperscaneasilyreach outtoseveraleCommerce participants in amatterofminutes.Theycanconstantlygrowtheirnetworkof sellersandretailers,gettingbetterdealsovertime. Automation AIhasbecomesoprominent inthelastfewyearsthatfindingsuitablesoftwareto aid yourdropshippingeffortsissimple.Digitisationandautomationpullout dropshippingopportunitiesfromvariouseCommercesites.Asadropshipper,itgives you acontinuousflowofbusiness.

  8. Beyondthe2020s:What’snextforDropshipping? Manufacturersarenowlookingatdropshippersassupplychainpartners. Theywantcollaborationovertransactionalrelationships,whichwillhelp streamlinelogisticsactivities.Withregardstotechnology,AIwillcontinueto developandplayakeyroleinautomatingdropshippingbeyondsoftware. Therearealsoafewapplicationswithin-builtblockchaincapabilitiesinthe earlystagesofdevelopment. Whiledropshippinghashighlyevolvedinthelastdecade,thenextfew decadespromiseinnovationsandmoregrowth.It'soneindustrytolookout for!

  9. Thankyou www.ecu360.com

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