In 2019 and 2020 it invested more than 18 million euros (ie more than 16% of its total annual turnover) to improve its capacity, theto criticism from both itself and the courier industry as a whole for their inability to meet the much-needed needs of the second .
The company is talking about a “perfect storm” in the industry, which resulted from the combination of the already rapid growth of e-commerce, the second lock down and the orders of Black Friday / Christmas,This resulted in the doubling and tripling of the volume of shipments / parcels, with a greater increase in large urban centers. According to her data , the company since the last week of November has increased the volume of shipments by 80% compared to the corresponding period last year and by 50% compared to the previous . It is recalled that in the previous the increase in the volume of shipments compared to the corresponding period last year was 30%.
At the same time, theemphasizes that courier companies have no additional profits during their period , as when there is such a large and abrupt increase in the volume of shipments the costs incurred to service this volume in a short period of time are higher than revenue. There is therefore a reduction in profits, such as and its financial results in the second quarter of this year, he says.
According to what the company announced, already from the firstand in order to meet the increased demand, it proceeded to hire staff (over 500 people), purchase and lease of more than 150 vans, more than 20 trucks of public use, lease of about 12,000 sq.m. new storage countries, purchase of about 1,200 trolleys, direct financial support of its network of partners with additional supplies in excess of 1.5 million euros, purchase and installation of 2 new parcel sorting systems, utilization of new technological solutions and more.
THEhas also proceeded with the construction of the modern parcel sorting center (hub), using the latest parcel sorting machines, on Petros Ralli, in Egaleo, Attica, in a building with a total area of 30,000 , which will operate in 2021, implementing an investment of 40 million euros. “This investment will literally change the data in the courier industry, as it five times the previous parcel sorting capacity of the company, boosting the hourly capacity to 50,000 shipments / hour,” the statement said.
The investment started in 2015, long before the outbreak of the pandemic with the purchase of the plot, when theSeeing the global development of E-Commerce decided to invest in the development of a new sorting center (hub) in a central part of the basin. The financial crisis of that period, postponed the plans until 2017 when the relevant studies began and procedures. The building permit dossier was submitted in January 2018 and after repeated observations of town planning and improvements, building permit for excavations in September 2019 and building permit for construction in March 2020. In a few months, with the completion of this investment, the company will be ready to manage volumes much larger than today, he notes.