This year, Royal Mail has faced fines from Ofcom for consistently failing to hit punctuality targets. Furthermore, the company crashed to a £319million half-year loss, as of this December. Following this news, what company is steadily becoming a bigger player in the postal field, and, as a result, a bigger competitor for Royal Mail?
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00:00 Whilst Royal Mail remains the UK's biggest parcel carrier, Amazon's threat to the company
00:06 is seeming to grow, as the American giant becomes the second largest player in this
00:11 field after just over four years of starting its own operations.
00:15 With Christmas around the corner, internet shopping has evidently triggered an explosion
00:20 in parcel deliveries.
00:21 According to figures reported by the Pitney Bowes Parcel Shipping Index, Amazon continues
00:26 to gain ground in the postal market as their share has increased from 15% in 2020 to 17%
00:32 in 2022.
00:33 Alongside this figure, it's also apparent that whilst Royal Mail's share was as much
00:37 as 34% in 2020, that figure had decreased to 25% in 2022.
00:43 Every's share in 2022 was 12%, whilst DHL and UPS's share stood respectively at 6%.
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