“Venipak” plans to change its activity profile

He explained that currently courier services account for about 90% of the company’s revenue, but in the future this is expected to be reduced to 10%, replacing it with the e-wholesale niche.

“We are trying to take Venipak in a new direction and transform the activity from physical logistics to a trading platform. We aim to become a wholesale company for e-commerce,” says Raudonis.

He says one of the company’s most important strategic moves was the acquisition of Dutch e-commerce company Strengholt Entertainment, which allowed Venipak to take on a larger part of the marketing chain outside of logistics without delay.

Raudonis states that Venipak aims to work with local leaders in all major European markets such as the Netherlands, Germany, France, Italy and the UK.

Raudonis explained that the company is also looking at the US commerce platform “Amazon” and for this purpose “Venipak” plans to create around 20 e-commerce order distribution centers in Europe that will distribute the most suitable products for each region.

It was announced that “Venipak” completed the expansion work that the company started in Estonia last year, with the aim of connecting all the Baltic countries in a single parcel network, in September by deploying a total of 600 postal machines.

Currently “Venipak” has more than 600 contactless packaging machines, 251 of which are in Lithuania, 201 in Latvia, 151 in Estonia. In addition, parcel sorting terminals were modernized and e-commerce order delivery infrastructure was expanded.

Last year’s turnover of “Venipak Latvija” amounted to 22,996 million euros; This figure is 14% more than the previous year, and the company’s profit increased by 9% to 1,783 million euros.

The company “Venipak Latvija” was registered in 2011 and its capital is 2845 euros. The sole owner of the company is “Venipak” company registered in the Netherlands.

Founded in 2004, the international parcel delivery company “Venipak” provides parcel logistics solutions for companies and individuals in the Baltic States, Poland, Germany, the USA and China. Customers in Lithuania, Latvia and Estonia have access to almost 1000 parcel collection points.