Connect with us

Hi, what are you looking for?

Economy

UPS expects surge in delivery volume despite pandemic crisis

By Arjay L. Balinbin, Senior Reporter

LOGISTICS firm United Parcel Service, Inc. (UPS) anticipates a spike in the delivery of goods in the Philippines in the first two weeks of December amid a pandemic crisis, a company official said.

“In the Philippines, it’s interesting that the holiday season here is kind of top and down. In the last two weeks of December, there are a lot of companies that shut down, so we do see a lot of volumes spike in the early part of the December period, especially that people are trying to get deals from their online marketplaces,” UPS Philippines Managing Director Chris Buono told BusinessWorld in a recent online interview.

He added, “I fully expect that the same is going to happen in the Philippines this year.”

As for the impact of the ongoing pandemic crisis on the logistics industry, Mr. Buono said: “This new normal means operating in a peak-like environment for almost the entire year.”

“We’ve gotten more than 600 flights in the second quarter of 2020 and more than 260 in the third quarter to cater the demand coming out of Asia,” he noted.

He also said the global health crisis has put the spotlight on the importance of logistics and ensuring business continuity.

UPS has noticed that companies have become “more mature,” as they try to continue to grow amid a public health crisis, according to Mr. Buono.

“They’ve learned a lot over the last eight months, and they’ve become much more mature,” he noted.

He also said digital tools being made available to businesses help them identify growth opportunities during the pandemic crisis “by allowing them to look at data, which tell them where the customers are and what sort of behaviors they may have online.”

To stay afloat during the pandemic, shippers should be “flexible” with options to keep the goods moving, “either through transportation modes and transit time, cost, or the size and quantity of shipments,” Mr. Buono explained.

Companies also need to look at solutions that provide cost-effective alternatives in order to maintain a sense of normalcy, he said.

Companies that face supply chain challenges “may also move available inventory away from affected areas, so that their products can be easily accessed for shipping.”

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

Economy

Sy-led SM Retail, Inc. is pushing the inclusion of its Green Finds in each of its retail affiliate’s selling pod as the next step for its green movement...

Economy

DIGITAL TRANSACTIONS coursed through Land Bank of the Philippines (LANDBANK) increased in the first half, driven by increasing demand and the government’s push for...

Economy

1 of 2 Montblanc Meisterstück Glacier Doué Classique Fountain Pen Montblanc Meisterstück Glacier Doué Classique Rollerball “BY ALL MEANS move at a glacial pace....

Economy

1 of 6 The fifth-generation C-Class, which debuted globally last year, is now available in the Philippines. The lone variant, for now, is the...

Economy

LT Group, Inc. (LTG) posted an attributable net income of P8.87 billion in the second quarter, reversing last year’s net loss of P2.76 billion,...

Economy

THE Department of Agriculture (DA) said it is lifting the temporary ban on imports of poultry products from the US state of Missouri and...

You May Also Like

Investing

Having a good Instagram marketing agency to back up your Instagram account is an absolute must going into the new year. With competition stronger...

Economy

Ivermectin, an existing drug against parasites including head lice, has had a checkered history when it comes to treating COVID-19. The bulk of studies...

Investing

Insomnia is the most common sleep disorder in the global population. Therefore, it is a problem that many people suffer or have suffered throughout...

Investing

Instagram still holds the top spot for social media in terms of building brand reputation and expanding business potential. Every day, more and more...

Disclaimer: SmartRetirementReport.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.