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Overview
in 2021 The DHL Group is a global logistics company headquartered in Bonn, Germany. It is one of the largest logistics companies in the world, providing a wide range of services such as international express delivery, freight forwarding, supply chain management, and e-commerce solutions. The company operates in over 220 countries and territories, with a workforce of approximately 380,000 employees. History The DHL Group was founded in 1969 by three businessmen in San Francisco, California. Adrian Dalsey, Larry Hillblom, and Robert Lynn (the D, H, and L in the company name) began by shipping small documents by air freight between San Francisco and Honolulu. The company expanded rapidly, opening its first international office in Japan in 1971 and establishing a presence in Europe in 1974. In 1998, Deutsche Post, a German postal and logistics company, acquired a 25% share in DHL and increased its share to a controlling stake in 2001. This acquisition allowed DHL to expand its global reach and service offerings. Services DHL offers a wide range of services to its customers, including international express delivery, freight transportation, warehousing and distribution, customs clearance, and supply chain solutions. Its express delivery service, DHL Express, is the most well-known and widely used service, providing urgent delivery of documents and parcels worldwide. DHL's freight transportation services include air, ocean, and road freight, and its supply chain solutions include warehousing, inventory management, and transportation management. The company also offers e-commerce solutions for businesses of all sizes. Its services include e-commerce fulfillment, webshop integration, and online marketplace shipping. Sustainability The DHL Group is committed to sustainability and has set ambitious goals to reduce its environmental impact. These goals include achieving net-zero emissions by 2050 and increasing its use of electric vehicles and alternative fuels, as well as improving the energy efficiency of its facilities. The company is also involved in various community and social responsibility initiatives such as disaster relief efforts and environmental conservation projects. Financial performance In 2020, the DHL Group reported a revenue of β¬66.8 billion and a net profit of β¬2.4 billion. Its express division, DHL Express, accounted for the majority of the company's revenue. Despite the challenges posed by the COVID-19 pandemic, the company's revenue and profit both increased in 2020 compared to the previous year. The DHL Group's stock is listed on the Frankfurt Stock Exchange and has been performing well, reaching an all-time high in early 2021. It is also a component of the DAX 30 index, which tracks the performance of the 30 largest and most liquid companies in Germany. Impact of COVID-19 Like many companies, the DHL Group has been impacted by the COVID-19 pandemic. The company has implemented various measures to ensure the safety of its employees and customers, such as implementing social distancing protocols, providing personal protective equipment, and introducing contactless delivery options. The pandemic has also accelerated the growth of e-commerce, which has increased demand for DHL's services in this sector. However, the company has faced challenges such as reduced air freight capacity and increased costs due to the pandemic. Overall, the DHL Group has shown resilience in the face of the pandemic and continues to adapt to the changing market conditions.
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