In a noticeable downturn, German package delivery giant DHL reported a substantial drop in earnings during the second quarter compared to the same period a year earlier. The company’s net profit plummeted from 1.5 billion euros to 1 billion euros.

As a subsidiary of Deutsche Post, DHL experienced a decrease in cargo volume and a decline in shipping rates, both of which contributed to a reduction in total revenue from 24 billion euros to 20 billion euros.

However, a silver lining emerged in the realm of the “supply chain.” This involves managing inventories and supplying components to other businesses. Tobias Meyer, the CEO, expressed optimism regarding this aspect, stating, “Thanks to a well-balanced portfolio and a global presence, we are once again demonstrating our resilience.”

In a noticeable downturn, German package delivery giant DHL reported a substantial drop in earnings during the second quarter compared to the same period a year earlier. The company’s net profit plummeted from 1.5 billion euros to 1 billion euros.

As a subsidiary of Deutsche Post, DHL experienced a decrease in cargo volume and a decline in shipping rates, both of which contributed to a reduction in total revenue from 24 billion euros to 20 billion euros.

However, a silver lining emerged in the realm of the “supply chain.” This involves managing inventories and supplying components to other businesses. Tobias Meyer, the CEO, expressed optimism regarding this aspect, stating, “Thanks to a well-balanced portfolio and a global presence, we are once again demonstrating our resilience.”

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