Thinking of starting an online drop shipping business? Read our guide to find out everything you need to know…

Drop shipping is a supply chain management method in which a retailer does not keep inventory but instead assigns the fulfilment of customer orders to a third party wholesaler or manufacturer. When a customer makes a purchase, the dropship supplier will ship the order directly to the customer in the retailer’s name.

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As a result of the Brexit vote, there has been a lot of political uncertainty. This has led to a major reduction in consumer confidence. With the unwinding of currency hedging, the cost of goods bought overseas has become much more expensive. Retailers will now have to decide whether they should increase prices or absorb the loss into their margins. In the future, significant concerns for retailers will be: