UPS out to ride Asian growth

IN­VEST­MENT SPREE IN THAI­LAND AMONG FAC­TORS CITED BY DE­LIV­ERY OP­ER­A­TOR

The Nation - - BUSINESS -

DE­LIV­ERY com­pany UPS has an­nounced net­work im­prove­ments across Asia fol­low­ing strong growth in the first half of 2018.

The com­pany’s plans come on the heels of the re­lease of a global eco­nomic out­look by the In­ter­na­tional Mon­e­tary that fore­casts eco­nomic growth in Asia of 6.5 per cent in 2018-19. The agency also ex­pects strong growth in public and pri­vate in­vest­ments in Thai in­fra­struc­ture as the econ­omy de­vel­ops into the in­no­va­tion­based Thai­land 4.0 in­dus­trial en­vi­ron­ment.

“The global econ­omy is now a much big­ger play­ing field and far less hi­er­ar­chi­cal than in the past,” said Ross McCul­lough, pres­i­dent of UPS’ Asia Pa­cific re­gion. “Shift­ing geopo­lit­i­cal forces, free trade agree­ments 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.

“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.”

Rus­sell Reed, man­ag­ing di­rec­tor of UPS Thai­land, said: “Thai­land is cur­rently see­ing ma­jor public and pri­vate in­vest­ments in in­fra­struc­ture as the coun­try’s econ­omy de­vel­ops from a man­u­fac­tur­ing to a value-based in­no­va­tion econ­omy, deemed Thai­land 4.0.

“Our lat­est round of ser­vice en­hance­ments in Thai­land are geared to­wards com­ple­ment­ing and bol­ster­ing these in­vest­ments, and help­ing lo­cal busi­nesses to make the most of this growth.

“In par­tic­u­lar, we’ve ex­tended pickup and cut-off times by up to seven hours, giv­ing our cus­tomers more time each day to ful­fil or­ders, which is vi­tal for busi­nesses in time-sen­si­tive industries like hi-tech and au­to­mo­tive man­u­fac­tur­ing.

“As the gov­ern­ment works to pro­pel Thai­land for­ward as a global lo­gis­tics and in­no­va­tion hub, UPS will con­tinue to ex­pand our ser­vices and of­fer­ing so that we can serve our cus­tomers’ di­verse lo­gis­tics needs and sup­port their in­ter­na­tional growth.”

In the past 12 months, UPS has made a swathe of in­vest­ments in Asia, in­clud­ing ser­vice ex­pan­sions across thou­sands of postal codes through­out main­land China, Tai­wan, South Korea, Thai­land and Viet­nam, in ad­di­tion to form­ing a new joint ven­ture with Chi­nese ex­press de­liv­ery firm SF Ex­press to ex­pand its reach across China.

UPS was es­tab­lished in Asia Pa­cific 30 years ago, and in this time, the com­pany has grown to ser­vice more than 40 coun­tries and ter­ri­to­ries in the re­gion and em­ploy more than 13,000 staff.

Its Shang­hai, Shen­zhen and Hong Kong hubs to­day han­dle 36,000 ship­ments per hour, de­liv­ered by 192 ded­i­cated in­tra-Asia weekly flights that con­nect man­u­fac­tur­ers, buy­ers and sell­ers along Asia’s sup­ply chains.

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