Pudo to increase U.S. Pudopoint locations to 1,370

Executive Summary

• Pudo Inc. has entered a strategic partnership with Annex Brands Inc. to expand its North American e-commerce pickup and drop-off network.
• The collaboration involves establishing "Pudopoint" locations at over 570 Annex Brands retail sites across the United States.
• This initiative is expected to double Pudo's U.S. footprint from approximately 800 to 1,370 locations, enhancing last-mile logistics capabilities for retailers, 3PLs, and consumers.

Key Details

• Partnership Structure: Pudo Inc. partnered with Annex Brands Inc., a franchisor operating more than 800 retail and commercial shipping and business service centers in North America.
• Expansion Metrics:
  • New Locations: Establishment of Pudopoint locations at over 570 Annex Brands retail sites in the United States.
  • Total Footprint Growth: The partnership will double Pudo's U.S. footprint from approximately 800 locations to 1,370 locations.
• Strategic Goals:
  • Accelerate expansion of Pudopoint locations in the United States.
  • Provide more cost-effective and convenient parcel drop-off and pickup points for retail and 3PL (Third-Party Logistics) customers.
  • Scale the Pudopoint counter network across Canada and the United States to support last-mile logistics needs for online retailers, logistics providers, and consumers.
• Operational Focus: The network aims to solve last-mile problems for e-commerce returns and missed deliveries by connecting retailers, couriers, and consumers through a secure parcel ecosystem.

Notable Quotes

• "This collaboration will accelerate our expansion of Pudopoint locations in the United States by doubling our footprint from approximately 800 to 1,370 locations. This partnership will further our goal to provide more cost-effective and convenient parcel drop-off and pickup points to our retail and 3PL customers," — Elliott Etheredge, Chief Executive Officer of Pudo.