UPS is investing $2 billion in international, healthcare and supply chain businesses
UPS told CNBC exclusively that the company is investing more than $2 billion into its international, healthcare and supply chain businesses.
TL;DR
- UPS is investing over $2 billion from 2024 through 2028.
- Investments focus on international, healthcare, and supply chain solutions.
- The aim is to increase business speed and adaptability amidst global disruptions.
- New facilities are planned in the Philippines, Canada, and Hong Kong.
- Tech-enabled logistics centers and temperature-controlled facilities are being developed.
- Investments support the shipment of temperature-sensitive medications.
- UPS is expanding air cargo routes to meet growing demand in key markets like Asia.