DX struggles in pandemic economic environment

The pandemic has impacted business to business (B2B) delivery specialists DX Group thanks to volume drops in the aftermath of lockdown. However it is now seeing signs of recovery.

Its core business is B2B deliveries and these were hit hard. DX Group however kept its depots and service centres fully open to service its customers. In addition the company has upped its work with the NHS and local government that have had increases in demand.

DX Group has interests in business to customer deliveries and these have held up better than B2B. According to the company its Secure, 2-Man and Logistics functions are outperforming the company average.

To manage the changing environment the company has implemented certain cost-saving measures such as cutting the leadership team’s salaries by 20% and taking advantage of government support schemes where possible. 

The company believes it is well positioned to survive the pandemic economic crisis and that much of its business will return to normal at the other end.

Ronald Series, Chairman of DX, commented: “Our top priority remains the welfare of our staff and customers, and we would like to thank all our staff for their tremendous response during this difficult time.

“DX has sufficient financial capacity, and the operational expertise and management to weather this disruption and the ongoing uncertainty. We have taken swift and decisive action, and have implemented sensible measures to conserve cash and reduce costs to support the Group’s position.

“We remain very well-positioned to continue to support all our customers and to contribute to important services provided to Her Majesty’s Government and to the National Health Service.”