UPS has strengthened connectivity for Asian businesses between more than 220 countries and territories worldwide. (Photo: UPS)
SINGAPORE: UPS has announced a series of network enhancements implemented across Asia, following strong company-wide growth in the first half of 2018. The news also comes on the heels of the International Monetary Fund’s recent global economic outlook that anticipates Asia to maintain its robust performance with growth at 6.5 percent in 2018-2019.
“The global economy is now a much bigger playing field and far less hierarchical than in the past. Shifting free trade agre geopolitical forces,ements and a surge in connectivity through new technologies and physical infrastructure have allowed businesses from practically every market, including those in Asia, to take their products and services to customers anywhere in the world,” said Ross McCullough, President, UPS Asia Pacific Region.
“By making investments in our Smart Logistics Network in Asia, we aim to lay the foundation for more Asian businesses to expand their reach internationally, especially to other markets within our region as increased intra-Asia trade offers a buffer against headwinds from global trade and policy uncertainties.”
Since the start of 2018, UPS has strengthened connectivity for Asian businesses between more than 220 countries and territories worldwide. The company has also launched a new rail freight service between Hong Kong and Europe, expanded the China-Europe rail service with nine new stops in China, Germany, Hungary, the Netherlands and Poland ; improving connectivity for businesses in both regions.
In the past 12 months, UPS has made a swathe of investments in Asia, including service expansions across thousands of postcodes throughout China, Taiwan, South Korea, Thailand and Vietnam, in addition to forming a new joint venture with China’s market leading express delivery firm, SF Express, to expand its reach across China.