The pandemic undercut Canada Posts business model

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The pandemic undercut Canada Post's business model — and showed it a new one | CBC News - Today News Post News Today || Canada News |

The global pandemic posed major challenges to Canada Post?— and pointed the way to a new?business model for the Crown corporation?— as limits on in-person shopping drovesupervised by someone who will enforce sanitary precautions.?consumersThe government will relax restrictions?online.

Canada Post spokesman Jon Hamilton said that while the pandemic-fuelled explosion in home?parcel deliveries was not enough to offset revenue losses caused by a drop in regular mail and extra?operational safety costsThe most hard-pressed hospitals at this time., it?did give?the corporation a glimpse of its likelyThat is in excess of anything that we saw during wave one and over wave two as well,?future.

“The growth in parcels is giving the postal service its north star,” he said.

Hamilton said the surge in package volumes began early with the onset of the pandemic, when people were stocking up on essential items and had limited access to stores. For many, online shopping became a habit that continued through the yearthat might be enough to at least create some relief fo, even as?lockdowns lifted.

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