UPS expands operations in Myanmar
UPS announced an expanded portfolio of services in Myanmar, introducing express delivery and contract logistics services that complement the air and ocean freight services launched in August last year.
May 25, 2015
By Denice Cabel
UPS announced an expanded portfolio of services in Myanmar, introducing express delivery and contract logistics services that complement the air and ocean freight services launched in August last year. Customers can now leverage a full range of logistics solutions as Myanmar engages in increased levels of global trade.
Jim O’Gara, president of South Asia District, UPS Asia Pacific Region, said: “UPS is excited to be part of the economic transformation in Myanmar as the market opens up to foreign investment and businesses connect to the global marketplace. Trade is a key driver of continued economic growth and this expansion reinforces our commitment to helping businesses create a competitive advantage through logistics.”
A series of political and economic reforms in the past three years have paved the way for increased foreign direct investment in Myanmar, which is expected to surpass US$5 billion in the 2014-2015 fiscal year. As more foreign businesses are licensed to operate in the emerging manufacturing, telecommunications and banking sectors, these companies require logistics solutions that help them align local operations to their global business strategy. UPS’s logistics solutions can likewise support small local businesses as they begin to engage in global trade.
“The expanded service portfolio in Myanmar strengthens UPS’s service offering in the emerging markets of Asia,” continued O’Gara. “With regional economic integration gaining momentum and Myanmar’s strategic location close to China, India and other ASEAN markets, we are helping businesses broaden their reach as Asia drives the growth in international trade.”