Published: December 05 2023
Hungarian Post (Magyar Posta) has revealed plans to expand its logistics services abroad, including Budapest, Hungary. The CEO of the state-owned company, Barnabás Balczó, discussed the recent developments in the company and highlighted the importance of their competitive logistics services in attracting foreign activity.
Hungarian Post's Development
Hungarian Post has made significant developments in its logistics services, including modernizing its fleet, purchasing electric vehicles, and expanding its network of 24-hour parcel vending machines. The company currently has 550 parcel vending machines but plans to expand them further in the future.
Expanding Logistics Abroad
The CEO explained the importance of goods from third countries, such as China and other Far Eastern countries, and emphasized Hungary's strategic location as a central hub. Hungarian Post aims to offer a complete package of services, including home delivery and warehousing, to customers who currently use a partner for these services. This fulfillment service is seen as a good method for expanding abroad.
Targeted Markets and Timeline
While the CEO did not specify which countries Hungarian Post will enter, he indicated that they are considering border countries and plan to enter these markets as early as 2024. The company has been working on this expansion since 2017 and completed fulfillment developments in just 10 months, a significant achievement.
Hungarian Post aims to expand its logistics services abroad, with a focus on border countries. The company's recent developments, including modernizing its fleet and expanding its network of parcel vending machines, position it competitively in the global logistics market. With plans to offer a comprehensive fulfillment service, Hungarian Post is well-positioned to attract foreign activity and drive growth in its logistics services.
Questions & Answers
What is Hungarian Post's plan regarding logistics services abroad? Hungarian Post plans to take over logistics services abroad, including Budapest, Hungary.
What are the recent developments in Hungarian Post? Hungarian Post has modernized their fleet, bought electric vehicles, and expanded their network of 24-hour parcel vending machines.
How many parcel vending machines does Hungarian Post currently have? Hungarian Post currently has 550 parcel vending machines.
Does Hungarian Post plan to expand their parcel vending machine network in the future? Yes, Hungarian Post plans to significantly expand their parcel vending machine network in the future.
Why does Hungarian Post believe they can offer a good alternative to competitors in the logistics industry? Hungarian Post believes they can offer a good alternative to competitors, particularly in the area of e-commerce fulfillment services. They can provide a complete package with home delivery and warehousing to customers.
What is the expected growth rate of the global e-commerce fulfillment services market? The global e-commerce fulfillment services market is expected to grow at a compound annual growth rate (CAGR) of 13.9% from 2023 to 2030.
In which country markets does Hungarian Post plan to enter with their logistics services? Hungarian Post plans to enter mainly the border countries, and they aim to do so as early as 2024.
How long has Hungarian Post been working on expanding their logistics services abroad? Hungarian Post has been working on expanding their logistics services abroad since 2017.
What achievements has Hungarian Post made in their fulfillment developments? Hungarian Post completed the fulfillment developments in 10 months, which is considered a significant achievement.