THE dire situation in the local last-mile delivery market, thanks to oversupply and cut-throat competition, is unlikely to go away anytime soon, with analysts expecting the two main players Pos Malaysia Bhd and GDEX Bhd to remain in the red for the next two years. Analysts are lowering their earnings estimates for both Pos Malaysia and GDEX in the financial years ending Dec 31, 2022 and 2023 (FY2022 and FY2023) to reflect the latest quarterly results. They now expect the two last-mile delivery players to post a net loss.