; (B) the cost of developing and offering each product or service; (C) the anticipated sales volume of each product and service; (D) the anticipated revenues and profits expected to be generated by each product and service; (E) the likelihood of success of each product and service as well as the risks associated with the development and sale of each product and service; (F) the trends anticipated in market conditions that may affect the success of each product and service over the 5-year period beginning on the date such strategy or update is submitted; (G) the metrics that will be utilized to assess the effectiveness of the innovation strategy; and (H) the specific methods by which mailpiece design analysis may be improved to speed the approval process and promote the increased use of innovative mailpiece design. (3) Strategy updates On January 1, 2019, and every 3 years thereafter, the Postal Service shall submit an update to the innovation strategy submitted under paragraph (1) to the Committee on Oversight and Government Reform of the House of Representatives, the Committee on Homeland Security and Governmental Affairs of the Senate, and the Postal Regulatory Commission. (e) Report (1) In general On the date of submission of the President’s annual budget under section 1105(a) of title 31, the Postmaster General shall submit to the Committee on Oversight and Government Reform of the House of Representatives, the Committee on Homeland Security and Governmental Affairs of the Senate, and the Postal Regulatory Commission a report that details the Postal Service’s progress in implementing the innovation strategy described under subsection (d). (2) Matters to be addressed The report required under paragraph (1) shall address— (A) the revenue generated by each product and service developed through the innovation strategy and the costs of developing and offering each such product and service for the most recent fiscal year