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Ecommerce start-ups surged during lockdown: Royal Mail - 315,000 UK start-ups open during lockdown

16 Oct 2020, 13:54

https://internetretailing.net/themes/th ... mail-22150

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Ecommerce start-ups surged during lockdown: Royal Mail

Nearly 16,000 new ecommerce businesses were set up during lockdown, the Royal Mail has found. They were the largest single group, as a record 315,000 companies were set up between March and July this year – 7% more than in the same period last year.



Company start-ups in the second quarter alone – a shorter period, which runs from April to June and saw 176,000 companies incorporated – were the highest of any second quarter since records began, the delivery company said in new analysis published today.



Ecommerce accounted for the largest single group, followed by businesses in the services sector, notably non-financial management consultancies (11,000) and the property sector. The Royal Mail suggests that the unique circumstances of the Covid-19 pandemic and lockdown saw small businesses and entrepreneurs adapt quickly as restricted shoppers turned online to buy. New business models that cater to growing home deliveries have also emerged.



The findings are mirrored in the Royal Mail’s own experience. It saw parcel volumes rise by 34% – or 117m more parcels – during lockdown, while revenue rose by 33.1% in the five months to August 31, driven by ecommerce and direct to consumer sales. It is now adding four new automated parcel sorting machines, capable of sorting up to 10,000 parcels an hour, to an existing 20 machines that will speed up processing in its mail centres. It has also introduced abut 1,400 new parcel postboxes.



Nick Landon, chief commercial officer at Royal Mail, said: “It is very promising to see this level of new business creation. The narrative for businesses during and post lockdown is not one purely of survival, but also of resilience, resurgence, and growth. The ecommerce sector has seen huge growth this year and at Royal Mail we understand the importance of our parcel services in keeping the UK connected – particularly during such unprecedented times.”

Ecommerce start-ups surged during lockdown: Royal Mail - 315,000 UK start-ups open during lockdown

17 Oct 2020, 11:28

https://tamebay.com/2020/10/315000-uk-s ... kdown.html

315,000 UK start-ups open during lockdown


Lockdown had the unexpected side effect of giving rise to a leap in the number of new companies being formed in the UK, with UK start-ups opening up for ecommerce delivery leading the pack, according to a new study commissioned by Royal Mail.

During the lockdown period from March to July 2020, 315,000 companies were incorporated in the UK – a 7% increase compared to the same period in 2019. In the second quarter of 2020 from April to June, 176,000 start-ups were recorded, the highest for any second quarter on record, exceeding the previous record high set in 2016.



Royal Mail gearing up to support UK start-ups

Royal Mail has been making changes to its operation to support the growth in online shopping. This year, Royal Mail agreed to buy four new fully-automated parcel sorting machines to speed up the processing of parcels in its mail centres. This will expand Royal Mail’s parcel processing capacity, with each machine able to process around 180,000 parcels per day and up to 10,000 parcels per hour. They will join 20 automated parcel processing machines the company has already deployed in its Mail Centres across the UK to meet the growing demand for parcels from customers. Royal Mail also introduced around 1,400 parcel postboxes across the country to adapt to changing purchasing habits.

During lockdown, Royal Mail research revealed more than half of UK adults felt that receiving parcels had become more important and more than a third said receiving a parcel was the highlight of their day.

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