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The UPS Invasion of Europe.
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<blockquote data-quote="SCV good to go sir." data-source="post: 1720148" data-attributes="member: 56200"><p>The article you link is very explicit about why UPS and FedEx are interested in the European market. First, Fred S says there has been low growth, which doesn't necessarily mean that projected growth (40% ~289.6 billion dollars) is to remain low. Furthermore, he flatly concedes that the market in Europe is big enough to go after. The weakened Euro means that now is the most cost effective time for UPS and FedEx to set up their operations in Europe before it increases (I'm a horrible businessman so someone correct me if my correlation is wrong). Since unemployment remains high in Southern Europe, the locals aren't buying much. So the businesses have turned to the online market and are now selling their products globally, which is going to require global courier service. The weaker Euro also plays a factor here as now is a good time for buyers to buy European goods and get the most for their money. Once the money pumps into Europe, the residents will start buying goods (both locally and globally). By investing in Europe now, both UPS and FedEx will already be in prime positions to serve those communities. As opposed to having to build the operations once the local currency has gotten stronger (more expensive).</p><p></p><p>In short, your answer is on the side of our trucks. We are literally synchronizing the world of commerce.</p></blockquote><p></p>
[QUOTE="SCV good to go sir., post: 1720148, member: 56200"] The article you link is very explicit about why UPS and FedEx are interested in the European market. First, Fred S says there has been low growth, which doesn't necessarily mean that projected growth (40% ~289.6 billion dollars) is to remain low. Furthermore, he flatly concedes that the market in Europe is big enough to go after. The weakened Euro means that now is the most cost effective time for UPS and FedEx to set up their operations in Europe before it increases (I'm a horrible businessman so someone correct me if my correlation is wrong). Since unemployment remains high in Southern Europe, the locals aren't buying much. So the businesses have turned to the online market and are now selling their products globally, which is going to require global courier service. The weaker Euro also plays a factor here as now is a good time for buyers to buy European goods and get the most for their money. Once the money pumps into Europe, the residents will start buying goods (both locally and globally). By investing in Europe now, both UPS and FedEx will already be in prime positions to serve those communities. As opposed to having to build the operations once the local currency has gotten stronger (more expensive). In short, your answer is on the side of our trucks. We are literally synchronizing the world of commerce. [/QUOTE]
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