UPS Adds Two China Distribution Facilities as Asia Network Grows - Bloomberg
United Parcel Service Inc., which gets about a quarter of its revenue from overseas, is adding two distribution facilities in China, bolstering its operations in the world’s most populous nation.
“It’s about longer-term demand within China,” Jim Barber, 53, president of UPS International, said in an interview. “They need goods and services, and logistics is a piece of that. Every economy in the world is in a state of flux. Two new facilities in an economy like China makes sense for us.”
United Parcel Service Inc., which gets about a quarter of its revenue from overseas, is adding two distribution facilities in China, bolstering its operations in the world’s most populous nation.
“It’s about longer-term demand within China,” Jim Barber, 53, president of UPS International, said in an interview. “They need goods and services, and logistics is a piece of that. Every economy in the world is in a state of flux. Two new facilities in an economy like China makes sense for us.”
