The logistics operator Nova Poshta continues to increase the share of revenue generated from operations outside Ukraine and aims to ensure that half of its revenue comes from foreign operations within the next few years. Currently, this figure stands at 10%, but it shows annual growth.
This is reported by Finway
International Expansion and Leadership in New Markets
According to co-founder Volodymyr Poperechnyuk, fully adapting to the demands of customers in foreign markets and achieving the set goals will take Nova Poshta between five to ten years. Among the examples of successful operations abroad, Poperechnyuk mentioned Moldova, where the company has been a leading player in the logistics sector since 2014.
“The company will need 5 to 10 years to fully acclimatize to foreign markets and understand user needs. As an example, Poperechnyuk cited Moldova, where the company has been operating since 2014 and is now the leader in the local market.”
Infrastructure Development and Plans for the U.S.
In 2023, Nova Poshta intended to open 200 branches in 30 European countries by 2025, but currently, the company has representations in 16 countries. An important step was the opening of a new sorting hub in the city of Kaunas (Lithuania), which processes over a thousand shipments daily.
Additionally, the co-founder announced that starting next year, Nova Poshta will begin active work on entering the U.S. market. Initially, the company planned to start its American expansion by the end of 2025, but currently, the main focus is on developing the European direction throughout this year.