Snail mail slowing to a halt?
The New Zealand Government will allow NZ Post to deliver letters only three days a week amid a decline in “snail mail” volumes. NZ Post chairman Michael Cullen said “unfortunately the rate of decline has been accelerating, we’re now seeing letters go down by over 8 per cent per annum and the underlying trend is clear”.
The state-owned body had to act to remain viable, conceding the plan was likely to involve “significant job losses”.
In Dave Eggers’ recently launched book “The Circle”, which is a hypothetical amalgam of Google, Facebook, Twitter and LinkedIn, as well as various other online business models, the “snail mail” is delivered only once a week.
Chief Executive Officer of Montgomery Investment Management, David Buckland has over 30 years of industry experience. David is a deeply knowledgeable and highly experienced financial services executive. Prior to joining Montgomery in 2012, David was CEO and Executive Director of Hunter Hall for 11 years, as well as a Director at JP Morgan in Sydney and London for eight years.
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