👉 Reshipment is a process in which an original seller sells goods to another person or entity and then re-sells them, either directly or through a third party. The original seller retains ownership of the goods but remits the purchase price to the new buyer. This transaction can be done by a manufacturer, wholesaler, retailer, or other entity that has been involved in the manufacture, distribution, or retailing of the goods. Reshipment is often used for businesses that need to resell
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What is the definition of Reshipments? 🙋
👉 A reshipment is a process or action where goods are shipped back to their original supplier after they have been damaged, lost, or otherwise not meeting expectations. This can be due to various reasons such as incorrect packaging or insufficient shipping information from the previous shipment. Reshipping allows the company to recover its costs and avoid potential legal issues associated with delayed deliveries.
