SEOUL, AUGUST 29, 2018 – UPS (NYSE:UPS) today 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 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,” 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 completed the following:
"Given the importance of exports to South Korea's economy, the improved transit times for export shipments will be vital to helping Korean businesses compete more effectively - particularly in more time-sensitive industries such as high tech", said Harrison Park, Managing Director, UPS Korea. "For instance, Korean exporters who want to connect with a supplier in Vietnam can now enjoy faster delivery service up to 1 day, allowing them to collaborate with their customers to help logistics needs, gain competitive advantage and grow their business. Such operational upgrades will give businesses here in Korea greater connectivity to their key trading partners in Asia and around the world."
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.
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. Today, UPS’s Shanghai, Shenzhen and Hong Kong hubs handle as many as 36,000 shipments per hour, delivered by 192 dedicated intra-Asia weekly flights that connect manufacturers, buyers and sellers along Asia’s supply chains.
UPS (NYSE: UPS) is a global leader in logistics, offering a broad range of solutions including transporting packages and freight; facilitating international trade, and deploying advanced technology to more efficiently manage the world of business. Headquartered in Atlanta, UPS serves more than 220 countries and territories worldwide. The company can be found on the web at ups.com® or pressroom.ups.com and its corporate blog can be found at longitudes.ups.com. To get UPS news direct, follow @UPS_Asia on Twitter.
 China, South Korea, Taiwan, Thailand
 Poznan and Malaszewiceze in Poland, Nuremberg and Munich in Germany, Tilburg in the Netherlands and Budapest in Hungary; complimenting the existing stops of Lodz and Warsaw in Poland and Hamburg and Duisburg in Germany.
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