Mailing Volume DeclinePitney Bowes faces headwinds from ongoing declines in mailing volumes, which could pose risks to future revenue expectations.
Market PressureStructural pressure on the total addressable market is expected to continue over the next decade, posing a risk to future revenue.
Secular HeadwindsPitney Bowes is managing through secular headwinds in the mailing industry, with US mail volumes declining 3-4% on average annually over the past decade.