The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. The cookie is used to store the user consent for the cookies in the category "Performance". This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. The cookies is used to store the user consent for the cookies in the category "Necessary". The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". The cookie is used to store the user consent for the cookies in the category "Analytics". These cookies ensure basic functionalities and security features of the website, anonymously. He pointed out that these developments have resulted in, among other things, changing consumer behaviour, which had caused postal operators to lose significant market share.īut he said these moves will “enable the corporation to play a pivotal role in the emerging digital economy…”Ĭhairman of the corporation Hakeem Ahmad said his team is working on plans to establish a platform for online payments for a wide range of services.Necessary cookies are absolutely essential for the website to function properly. “And it means that as global economies aggressively shift to a digitised environment, TTPost must also ensure that they remain relevant by offering new and innovative products and services. “It means the corporation must break away from the downward spiral caused by the decline of letter post by seizing new business opportunities and implementing positive structural changes to its business model. He said its survival depends on its ability to adapt. Gonzales said the first and most critical step would be the digitisation of postal operations with a focus on implementing strategies to grow mail and courier volumes for e-commerce markets.įor this to happen, he said, “TTPost must place a greater focus on maximising opportunities in the parcel segments and reposition itself as an end-to-end logistics solution provider. At the launch of the Track and Trace service an online platform designed to help customers trace and trace their packages’ progress, at its Piarco headquarters, Friday morning he also urged the corporation to work towards moving away from its heavy dependency on government subventions. He hopes these new track-and-trace services will support this transition. He said TTPost must become resourceful so that it remains relevant by offering new and innovative products and services. “Once you look deeper and pursue a robust business initiative, you will create further opportunities to increase your revenue and improve services to customers.” He encouraged the corporation to establish activities to increase its revenue in 2022. “While state subventions might be good, and it may have served its purpose, it oftentimes kills the ability of people to come up with new initiatives and new ideas, because they tend to lean on subventions for survival.” The structure that you have is outdated, and it cannot support that new business model. You must have a new business model and a structure to sort it. Since the postal sector worldwide has been greatly affected by advanced information communications technology, Public Utilities Minister Marvin Gonzales has encouraged TTPost to focus on becoming self-sufficient.Īt the launch of the Track and Trace service –an online platform designed to help customers trace and trace their packages’ progress, at its Piarco headquarters, Friday morning he also urged the corporation to work towards moving away from its heavy dependency on government subventions. Monday 8 November 2021 Minister of Public Utilities Marvin Gonzales, left, speaks with TTPOST's chairman Hakeem Ahmad at the TTPOST Track and Trace Launch, at TTPOST National Mail Centre, Piarco, on Friday. News Gonzales urges TTPost to become self-sufficient in 2022
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