“The stage is set for a new boom in global trade. That’s why we are innovating in new ways to service the world's fast-growing economies.”
— Derek Woodward, UPS President of Emerging Markets
Global trade can enhance economies by stimulating growth and creating new opportunities for employment and entrepreneurship. Trade can have a ripple effect throughout an economy, as businesses find new markets and hire more workers, which in turn helps those workers support and grow their families.
Trade plays an important role in reducing poverty in many parts of the world. Small businesses, which represent the vast majority of businesses in most economies, gain access to new customers and markets, and generate higher standards of living for their owners and workers. As a global logistics company, connecting customers to new economic opportunities is an intrinsic outcome of our business. Given that our business moves nearly 2 percent of global GDP each day, we have a unique and broad perspective of international trading patterns and of development opportunities in emerging markets.
Emerging market opportunities continue to expand our business. These markets are a destination for investment and engine for growth for current customers, and will also be a focus for our next generation of customers. That’s why we’re making long-term investments where our customers choose to grow. During the past decade, we’ve established a strong presence in leading emerging markets such as China, Southeast Asia, Poland, and Turkey and expect that other markets in the Middle East, Latin America, Africa, and Eastern Europe will become increasingly important for our business. Africa, in particular, represents significant opportunity, given its large and young population and increasingly stable economic and political structures. We are actively looking for investment opportunities in countries across the four corners of Africa, including in Morocco, Nigeria, South Africa, and Kenya.
Connecting people is not only how we grow our business; it is also how we support economic enhancement. Our strategy is to develop long-term, tailored solutions for each economy’s unique needs so they can be met in the most efficient and sustainable way. That’s where our bundled logistics solutions come into play. Providing contract logistics services with freight and package services on key trade lanes will accelerate the growth and prosperity of local businesses and give them access to new global markets.
The delivery of these solutions is as important as their development. So, we often partner with a third party whose expertise is specific to their area. We can learn from their experiences at a local level and scale them to help us improve service, control costs and create opportunity at an international level.