Global logistics leader UPS (NYSE: UPS) has announced the latest enhancement to its services in the Philippines in a move that will help the country’s businesses capitalize on growing consumer demand for global e-commerce deliveries.
The enhancement, which speeds up delivery times to more postal codes in Luzon, comes at a time of rapid growth for the e-commerce industry in the Philippines. It means deliveries of the UPS’s Worldwide Express shipments to more areas of Metro Manila and Pampanga can now be completed several hours earlier, either by 12:00 noon or 2:00 p.m.
This is the latest in a series of enhancements by UPS to its services in the Philippines, and follows the expansion of the company’s airport hub in Clark to increase package processing capacity. UPS also recently announced the relocation of its Cebu Center nearer to the Mactan-Cebu International Airport to offer customers more flexibility and a widened time window of up to one hour to consolidate export shipments to meet same-day departure.
“E-commerce is one of the biggest cross-border trade growth opportunities available today, particularly for small and medium-sized businesses (SMB),” said UPS Philippines Managing Director Russell Reed.
“Our own research shows that helping SMBs stay competitive is key to intra-Asia trade achieving its full potential by the end of the decade. This is why we continue to work to level the playing field by improving and enhancing the services we offer to our customers so that they can manage their inventory more efficiently, process more orders on a daily basis, and reach more of their customers faster than they could before.”
Results from UPS’s intra-Asia study show that the Philippines’ trade with 11 other leading economies in Asia Pacific could more than triple by 2030, with digitalization, e-commerce and inclusive policies for small businesses all providing growth opportunities.
The Philippines’ digital economy is expected to reach a gross merchandise value of $35 billion by 2025, up from $20 billion in 2022, according to a report by Google, Temasek, and Bain & Co. The e-commerce sector will be its main driver, which is projected to hit $22 billion by 2025, growing at a compound annual growth rate of 17% between 2022 and 2025.
About UPS
UPS is one of the world’s largest companies, with 2022 revenue of $100.3 billion, and provides a broad range of integrated logistics solutions for customers in more than 220 countries and territories. Focused on its purpose statement, “Moving our world forward by delivering what matters,” the company’s more than 500,000 employees embrace a strategy that is simply stated and powerfully executed: Customer First. People Led. Innovation Driven. UPS is committed to reducing its impact on the environment and supporting the communities we serve around the world. UPS also takes an unwavering stance in support of diversity, equity and inclusion. More information can be found at www.ups.com, about.ups.com and www.investors.ups.com.
