UPS is investing $2 billion in international, healthcare and supply chain businesses
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In this article United Parcel Service is investing more than $2 billion into its business across its international, healthcare and supply chain solutions businesses, the company told CNBC exclusively on Monday. The ongoing investments began in 2024 and will continue through 2028, but UPS said it had not previously disclosed the total investment. The shipping giant said the aim is to help businesses move faster and stay adaptable to changing macroeconomic pressures and global supply chain disruptions. "These investments are really aligned to one of our big strategic areas of focus, which is creating capabilities to enable our customers, particularly in complex industries, to more effectively run their global supply chains," Scott Szwast, vice president of international strategy, told CNBC. Some of the projects under the investment include a new hub in the Philippines this year, a new Canadian facility opening next year in Ontario and a new air hub at Hong Kong International Airport in 2028. UPS has launched a tech-enabled logistics center in Taiwan and a supply chain solutions facility in Amsterdam that combines freight, brokerage and cold-chain solutions. Szwast said the new logistics center in Taiwan has been able to leverage automation and robotics to increase the total supply chain speed by a day. The logistics company also said it now has flights running five times a...
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