Postal Service Office of Inspector General (USPSOIG) recently released a white paper on the history of the ZIP Code, its economic value, and opportunities to enhance the asset.  According to the report, the ZIP Code is worth about $9.5 billion a year.

The USPSOIG teamed up with IBM to do the analysis and found that four groups benefit, roughly equally, from the existence of the ZIP Code: the postal service itself to the tune of $2.2 billion; firms that use it for mail‐related products get about $2.1 billion in value from the ZIP Code; firms that use it for non‐mail products get a value of $2.4 billion; and consumer, governments and non‐profits benefit to the tune of $2.9 billion.

To read more click on the link:  GADA Newsletter

Source: GADA (Global Address Data Association)