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The Latest UPS Headlines
United Parcel Service : COVID-19 Market Shift Signals an Unprecedented Holiday Season
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<blockquote data-quote="cheryl" data-source="post: 4623698" data-attributes="member: 1"><p><a href="https://www.marketscreener.com/quote/stock/UNITED-PARCEL-SERVICE-14758/news/United-Parcel-Service-COVID-19-Market-Shift-Signals-an-Unprecedented-Holiday-Season-31353538/" target="_blank"><strong>United Parcel Service : COVID-19 Market Shift Signals an Unprecedented Holiday Season - Market Screener</strong></a></p><p></p><p>Ware2Go, the UPS founded on-demand fulfillment network and integrated tech platform enabling merchants of any size to offer one-to-two day shipping, today announced results of a <a href="https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fware2go.co%2Fcovid-19-plan-for-2020-holiday-peak%2F&esheet=52292930&newsitemid=20200924005051&lan=en-US&anchor=new+survey&index=2&md5=dcd872fd6310c2a359caf981b8c714db" target="_blank">new survey</a> illustrating that a majority of merchants are currently operating at peak shipping levels due to pandemic-driven demand.</p><p></p><p><strong>The Pandemic’s Impact</strong></p><p></p><p>The rise of the digital-first economy, brought on by retail shutdowns and stay-at-home orders issued in response to the COVID-19 pandemic, has changed the way today’s merchants do business. In fact, 77% of merchants reported changing their selling strategy in response to COVID-19, with 35% of merchants launching an online store for the first time. Consumers have flocked to online stores in record numbers, and shipping volumes for merchants have hit record highs. In addition, 56% of merchants reported an increase in new customers in the last six months, which is directly in line with Ware2Go’s consumer survey released in May, in which 55% of consumers indicated making a purchase from a retailer they had never shopped with before. Additionally, 28% of merchants say they have ordered more product than ever before, while 25% started selling new products, and 22% opened a new sales channel.</p></blockquote><p></p>
[QUOTE="cheryl, post: 4623698, member: 1"] [URL='https://www.marketscreener.com/quote/stock/UNITED-PARCEL-SERVICE-14758/news/United-Parcel-Service-COVID-19-Market-Shift-Signals-an-Unprecedented-Holiday-Season-31353538/'][B]United Parcel Service : COVID-19 Market Shift Signals an Unprecedented Holiday Season - Market Screener[/B][/URL] Ware2Go, the UPS founded on-demand fulfillment network and integrated tech platform enabling merchants of any size to offer one-to-two day shipping, today announced results of a [URL='https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fware2go.co%2Fcovid-19-plan-for-2020-holiday-peak%2F&esheet=52292930&newsitemid=20200924005051&lan=en-US&anchor=new+survey&index=2&md5=dcd872fd6310c2a359caf981b8c714db']new survey[/URL] illustrating that a majority of merchants are currently operating at peak shipping levels due to pandemic-driven demand. [B]The Pandemic’s Impact[/B] The rise of the digital-first economy, brought on by retail shutdowns and stay-at-home orders issued in response to the COVID-19 pandemic, has changed the way today’s merchants do business. In fact, 77% of merchants reported changing their selling strategy in response to COVID-19, with 35% of merchants launching an online store for the first time. Consumers have flocked to online stores in record numbers, and shipping volumes for merchants have hit record highs. In addition, 56% of merchants reported an increase in new customers in the last six months, which is directly in line with Ware2Go’s consumer survey released in May, in which 55% of consumers indicated making a purchase from a retailer they had never shopped with before. Additionally, 28% of merchants say they have ordered more product than ever before, while 25% started selling new products, and 22% opened a new sales channel. [/QUOTE]
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