Event Coverage 9 minutesRegister for Free AccessPitney Bowes 2019 Investor Day: Transformation Through Changing Mix Toward Growth Markets, Data and Global E-Commerce Offerings Coresight Research May 30, 2019 Executive SummaryThe Coresight Research team attended Pitney Bowes’ 2019 investor day on May 29, 2019, in New York City. Management characterized the company’s journey as a transformation, rather than a turnaround, and anticipates shifting the product mix toward growth markets. The company is fueling growth by simplifying its product portfolio around the SendPro platform, which features an IoT-connected, open architecture that has created an ecosystem of developers and partners in the US and internationally. An app for SendPro enables customers to use Deliv for same-day shipping, in addition to standard features that enable the customer to find the best deal among multiple shippers. Pitney Bowes is leveraging its data capabilities, in customer information, location intelligence, customer engagement and data, which could be a $6 billion segment within a $23-35 billion market opportunity. Global e-commerce is fueling the company’s return to growth, with above-industry growth rates, processing more than 125 million physical parcels and touching more than 400 million parcels digitally, adding more than $1 billion of revenue in more than six years. Profitability is expected to be flat or improve in the SMB (small and medium business) unit in 2021, and the global e-commerce unit is expected to turn profitable in 2020. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: What the Ozempic Economy Means for US RetailHoliday 2023: Help Wanted… or Not. Slow Growth in Planned US Retail HiringJuly 2023 Monthly Consumer Update: US, UK and ChinaAnalyst Corner: The Rise of Grocery Discounters with Sujeet Naik