(NewsNation) — The USA Postal Service is going through important challenges as worldwide package deal volumes proceed to say no, in response to a number of studies.
In line with the USPS Workplace of Inspector Common, the full USPS inbound worldwide quantity decreased 74% over the previous 5 fiscal years, whereas outbound worldwide quantity fell 38% over the identical interval.
Continued projected progress in worldwide e-commerce is just not translating into will increase in worldwide package deal volumes for the Postal Service, the company’s Workplace of Inspector Common stated in a Could 15 white paper.
The report highlights the challenges confronted by the USPS in capturing and retaining worldwide package deal enterprise and factors out that non-public carriers have been profitable in capturing a big share of the market.
The continuing COVID-19 pandemic and disruptions in world commerce are additionally cited as key elements contributing to this decline.
The white paper additional emphasizes the necessity for the USPS to adapt to altering market dynamics and improve its competitiveness.
The USPS is beneath strain to seek out options to reverse the declining pattern as worldwide package deal volumes have important implications for the USPS backside line.
As worldwide package deal shipments historically generate larger income in comparison with home mail, the decline places further pressure on the Postal Service’s monetary sustainability.
To fight the amount drop, the report steered USPS leverage know-how and information analytics to enhance buyer expertise, operational effectivity and monitoring capabilities.