Aiming to ride the crest of the e-commerce wave, Deutsche Post DHL intends to invest heavily into areas such as warehouse automation and analytics.

Aiming to ride the e-commerce boom, Deutsche Post DHL set a new target of $5.77 billion (5.3 billion euros) for its operating profit saying it would invest heavily in areas such as warehouse automation and analytics.

As it laid out its strategy for the next five years, the German post and logistics group confirmed its guidance for an operating profit of 5 billion euros in 2020.

For the 2020-2022 period, Deutsche Post DHL stated it plans on investing between 8.5 and 9.5 billion euros in total as it overhauls its IT systems and retrains staff, applying data analytics to help it better plan delivery routes and predict parcel volumes.