UPS sees strong growth in Asia-Pac


  • Business
  • Wednesday, 17 May 2006

KUALA LUMPUR: United Parcel Service Singapore Pte Ltd (UPS) expects double-digit growth in volume in Asia-Pacific this year against 16% last year, said managing director Mary Yeo. 

“We are confident of achieving the projected number, as we have a strong customer base in the region and we offer a wide range of supply chain solutions,” she said after a briefing on the second annual UPS Asia Business Monitor (UPS ABM II) yesterday. 

UPS ABM II surveyed 1,203 small- and medium-scale enterprise (SME) leaders in Asia on competitiveness issues between Nov 14, 2005 and Jan 10.  

Andrew Connelly and Mary Yeo at the media briefing on the second annual UPSAsia Business Monitor

Senior vice-president for South Asia-Pacific, Andrew Connelly, said UPS ABM II allowed UPS to understand SME’s views. 

It also helped the company strengthen its position by providing appropriate product and services that matched customer demand, he added. 

The study found that nearly half the respondents expect improvements in their business, with the majority intend to maintain or grow their workforce this year. 

SMEs in the region remain bullish on Asia’s economy, with 70% of the respondents expecting growth in intra-Asia trade and 71% anticipating Asia’s economic power to continue growing this year.  

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