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Combined, foreign posts now get most of their revenue from new businesses such as retailing or banking for consumers, or warehousing and logistics for companies.
ECONOMIST: The Post Office
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For example, Public Warehousing, a logistics firm in Kuwait, is benefiting from contracts with the American military.
ECONOMIST: Arab firms are enjoying a boom
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In addition to its traditional services of letter and parcel delivery, the Post Office now provides services such as e-commerce fulfilment, billing and customer management, logistics and warehousing.
BBC: UK Post Office name change
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As the firm grew and needed to receive inventory shipments of 1, 500 units, it partnered with Shipwire, a logistics firm that serves warehousing needs of businesses large and small.
FORBES: Spur Company Growth By Simplifying Your Logistics
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It is hoped the retailers will bring their expertise in logistics and cold-chain warehousing to modernise Indian farming and cut food prices.
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