UPS invests more than $2bn to improve supply chain resilience
Article excerpt
Supply chain Logistics giant UPS has announced more than $2 billion in targeted investments across its International, Healthcare and Supply Chain Solutions businesses to increase speed, reliability and control for customers globally in "high-growth sectors" including healthcare, technology, industrial manufacturing and automotive. UPS began investing in its International, Healthcare and Supply Chain Solutions businesses in 2024 and this $2bn+ investment package will continue through 2028. UPS hopes that by spending in key areas, it can "help businesses move faster and navigate shifting trade routes, evolving regulations and supply chain uncertainty with greater flexibility and connectivity across key global markets". In a statement announcing the investment, UPS identified automotive as a key market segment in need of strategic investment, alongside healthcare, technology and industrial manufacturing. "Customers need end-to-end logistics that match their requirements for visibility, speed and ease," said Kate Gutmann, UPS' executive vice president and president of International, Healthcare and Supply Chain Solutions. "These investments allow us to bring air, ground, brokerage and distribution together in one solution, with fewer handoffs, more end-to-end control and less complexity." Recent investments UPS has made in enhancing its cross-model logistics and supply chain...
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One of the world's largest semiconductor producers, Applied Materials, now uses the TILC as its Asia continental distribution centre.
