Business

Struggling Correios seeks to branch out to on-demand delivery

delivery demand correios app

Correios, Brazil’s state-owned postal company, is looking to diversify. This week, newspaper Folha de S. Paulo reported that the post office has a plan to branch out into the on-demand delivery market, competing with popular existing services such as Uber, and regional frontrunners iFood and Rappi.

Details of the project are still sparse and being debated internally—it is unclear whether the company is looking to take these competitors head-on with food deliveries, or partner with them and offer a complementary on-demand package delivery service—but it signals towards an attempt to drag Correios out of a desperate financial hole.

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