Austin Reynolds, Manager Market Intelligence at the International Post Corporation (IPC), discusses some of the key findings of the IPC 2021 Global Postal Industry Report, including: - Geographic spread of the postal operators surveyed for the report - Posts' performance during the pandemic - Growth in industry revenue, driven by parcel revenue growth despite shrinking letter revenue - Impact on letter volumes - and what has accelerated the decline in mail volume - Volume trends in different letter segments, such as advertising mail, and international mail - Operational changes in response to falling letter volumes - Postal operators diversifying their businesses, including via acquisitions - Evolution of parcel volumes during the pandemic - Postal operators increasing parcel processing capacity - Increasing competition, local, regional, and global (including e-commerce retailers moving into the last mile) - Financial performance, and factors influencing financial results - and common factors across the best-performing posts