The world is shrinking. In almost literal sense. See, we have to measure the distance to see whether the world is the same or whether it has expanded or whether it has shrunk. One way to measure is to use the good old metric of the distance. Another way to measure is to use the measure of time.
Let us pause here. Using time to measure distance? You may ask me. But it is not unheard of. In fact, it is the most useful tool. We do it all the time. Just think : you typically ask : how long does it take to reach there. That is in fact a lot more useful measure than just the distance. So, it is the time as the measure which one needs to use in measuring the distances and hence in also seeing whether the world is the same or has it really shrunk.
Previously, it used to take about 5 days to reach from Paris to London. Today, it takes hours. Previously, it used to take 3 days from Chennai to Delhi. Today, it takes 3 hours precisely.
This means that the business can be done much faster. Shipping can be done much faster. Given that shipping accounts for about 40% or so of world’s business, it accounts for an important part of doing business with any country any time.
However, there are issues. How do you ensure drop shipping and ensure accuracy of the same? This is where the need for proper fulfillment center arises. One needs to have all the right backend for the shipping to happen properly. Otherwise, it would be very difficult to do anything about it.
This is where the technology also helps. Nowadays, one can track any consignment very easily and accurately. This means that the drop shipping can be much more accurate and effective than ever before.
Filed in: Business and Finance
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