Virtual Wholesaling vs Traditional Wholesaling: What does the RP need to bear in mind?

Synopsis

Virtual wholesaling and traditional wholesaling differ in terms of operational efficiency and accessibility. In traditional wholesaling, the RP (Responsible Person) has full oversight of physical inventory and oversees distribution activities directly from warehouses or supply centres.

In virtual wholesaling, the distribution activities are undertaken remotely, and the operations rely heavily on 3rd party suppliers to physically hold and move their products. Virtual wholesaling offers flexibility, a broader market reach and less overhead, however, the RP must still ensure compliance with pharmaceutical regulations and reliable logistics partners to maintain product integrity through a secure supply chain.

How does a virtual RP maintain the right level of oversight in these different business models?