Deutsche Post DHL to invest 2 bln euros in digital transformation

Source: Xinhua| 2019-10-02 00:32:26|Editor: Mu Xuequan
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BERLIN, Oct. 1 (Xinhua) -- Deutsche Post DHL is planning to invest 2 billion euros (2.2 billion U.S. dollars) in the company's digital transformation, the German company announced on Tuesday.

Deutsche Post DHL is expecting the investment to lead to "yearly run rate benefits" of at least 1.5 billion euros by 2025, according to the company.

The company sought to "comprehensively" modernize its IT systems, boost efficiency through greater automation at its warehouses as well as to "widely" apply data analytics in order to promote the routing optimization for the company's delivery men.

The investment in digitalization is part of Deutsche Post DHL's new Strategy 2025, which is set to replace the company's former Strategy 2020 established back in 2014.

"We are convinced that future growth will come from a consistent focus on our profitable core logistics businesses - and digitalization will become the greatest lever," said Frank Appel, chief executive officer (CEO) of Deutsche Post DHL during the presentation of the company's strategy.