Postal Industry facing numerous challenges due to COVID-19 pandemic: UPU

News Image

By MG News | July 08, 2020 at 12:11 PM GMT+05:00

0:00

Jul 08, 2020: Like so many other industries, the postal industry has faced numerous challenges due to COVID-19 pandemic.

A new report by the Universal Postal Union (UPU), the UN specialized agency for postal matters, titled, “The COVID-19 crisis and the postal sector” shows postal volumes dropping by 21 percent in 2020.

The steep decline is the largest seen by the UPU since it began recording exchanges of electronic data between its 192 member countries in 2010.

“The Post’s relevance has become clearer than ever as citizens reach out to them for essential services as they remain in their homes.

While postal operators around the globe have continued to work diligently for their customers throughout the pandemic, they have also experienced many set-backs caused by the very measures put in place to stop the virus’ spread,” said UPU Director General Bishar A Hussein.

According to the data, which covers the period between January 23 and May 14, international postal volumes decreased by 21 percent in 2020 compared to the same period last year. Only one of every 2.1 items sent are arriving at their destination within the same week, as opposed to 1:1 during normal times.

The report lists transport disruptions, suspensions, capacity shortages and total stoppages, in addition to the impact of the virus on workforce capacity, as major factors blocking the supply chain. It also projects that negative income shocks on households could have a role to play in declining volumes.

Researchers used official postal statistics and indicators constructed from electronic data interchange messages on postal shipments exchanged between countries to paint a picture of the pandemic’s economic impact on the activities of postal operators.

APP

Related News

Name Price/Vol %Chg/NChg
KSE100 133,716.80
170.38M
0.26%
346.65
ALLSHR 83,363.14
639.83M
0.34%
281.99
KSE30 40,762.67
62.44M
0.14%
57.37
KMI30 192,669.89
71.10M
0.05%
89.21
KMIALLSHR 55,930.48
385.27M
0.17%
94.77
BKTi 36,502.37
10.47M
0.51%
185.19
OGTi 28,543.78
7.24M
0.00%
0.82
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 108,770.00 108,880.00
107,680.00
315.00
0.29%
BRENT CRUDE 69.55 69.61
69.03
-0.03
-0.04%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
2.90
3.07%
ROTTERDAM COAL MONTHLY 106.00 106.75
106.00
0.25
0.24%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 67.80 67.97
67.40
-0.13
-0.19%
SUGAR #11 WORLD 16.18 16.30
16.17
-0.10
-0.61%

Chart of the Day


Latest News
July 08, 2025 at 12:56 PM GMT+05:00

Oil prices dip after U.S. tariff moves, OPEC+ output hike


July 08, 2025 at 12:04 PM GMT+05:00

Saudi Riyal available at PKR 76.4 in open market


July 08, 2025 at 11:55 AM GMT+05:00

NBP leads Pakistan’s banks in shareholder value surge


July 08, 2025 at 11:39 AM GMT+05:00

Pakistan-Afghanistan railway talks progress


July 08, 2025 at 10:42 AM GMT+05:00

Pakistan moves to regulate crypto with PVARA approval



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg