Leading package delivery company,
United Parcel Service, Inc.
) launched a new shipment monitoring and risk management solution
- UPS Proactive Response(TM) Secure. The new service will make
sure that time and temperature sensitive products reach their
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UPS Proactive Response Secure ensures the reimbursement of the
total retail value plus other costs in unforeseen delays,
including weather disruption. The service is available throughout
the U.S. and Puerto Rico, and outbound from the U.S. to the
European Union and Switzerland.
We believe the introduction of products and services adds
opportunities for revenue generation even in a volatile market
such as UPS' home ground. The company's financial strength drives
growth through strategic investments, technology-backed
operations and enhanced worldwide network.
Apart from enhancing its portfolio of services, UPS is also
reaching new markets such as health care business. UPS is set to
tap opportunities in this rapidly expanding market by
establishing various distribution facilities specially dedicated
to health care in key markets like Singapore, the Netherlands,
Canada, Latin America, Australia and the U.S.
The company sees other opportunities in emerging markets like
China, India, Japan and Brazil. As a result, United Parcel
Service extended its 8-year long partnership in 2011 with pharma
Merck & Co. Inc.
) to expand its distribution and logistics services to certain
Asian and Latin American markets. In 2012, the company acquired
Italian pharma logistics provider Pieffe Group to enhance its
health care distribution networks in North and South America,
Europe and Asia.
However, we remain concerned about volatile economic conditions
that continue to restrict market demand. Further, the company is
also exposed to unionized workforce and intense competition from
Expeditors International of Washington Inc.
(We are reissuing this article to correct a mistake. The
original article, issued earlier today, Friday, Jan 28, 2013,
should no longer be relied upon.)