Contrarian Polish Locker Company Sees Chance in UK Economy Angst

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The fallout from Brexit and the UK’s cost of living crisis are fueling growth for InPost SA, the Polish parcel locker operator which nearly collapsed six years ago during its first attempt at expansion into Britain.

The scarcity of professional drivers following the UK’s decision to leave the European Union and increasing numbers of cost-conscious consumers relying on online retail will gradually boost demand for more efficient delivery options such as parcel lockers, InPost founder and Chief Executive Officer Rafal Brzoska said in an interview.

Brzoska, 46, successfully challenged both Poland’s Post and door-to-door operators with its automated parcel locker technology before expanding to other European markets. He said he doesn’t expect a quick shake up in the UK, where he’s targeting younger buyers who prefer cheaper pick-ups at its lockers than home delivery during working hours.

This time around, InPost is finding that western Europeans are “surprisingly positive” in their embrace of out-of-home deliveries, Brzoska said. Investors have also noticed, with InPost shares jumping 39% this year, giving a market capitalization of €5.47 billion .

 

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