Singapore, January 13, 2015
Trade Management Services Strengthens UPS's Supply Chain Capabilities Amidst Globalisation and Complexity in Trade Operations
UPS? (NYSE:UPS) announced today the addition of Trade Management Services (TMS), comprising trade consulting, import/export technologies and managed services, to the UPS customs brokerage portfolio in Asia to facilitate customers' expansion opportunities.
The Asia Pacific region continues to be a dynamic force in global trade, recording the fastest export growth of any region in the first half of 20141. As Asian businesses look towards diversifying with domestic and intra-regional trade to maintain sustainable growth in a challenging and uncertain global economic climate, supply chain management resources and comprehensive expertise are increasingly important for advancement.
"The launch of TMS is part of a long-term strategy to help our customers compete and do cross-border business more effectively. Increasing supply chain and regulatory complexities are barriers to trade, and are driving renewed focus on trade management and compliance," said Nando Cesarone, President of UPS Asia Pacific Region. "As a value-creating partner, UPS’s extensive portfolio of global compliance, customs brokerage, transportation and logistics services, unites many aspects of the supply chain process into an enhanced solution for our customers."
"The UPS Asia TMS team, headquartered in Singapore and with operations across the region, is poised to provide advanced technological support and customs brokerage expertise, and is well-equipped with the means to support efficient intra-Asia and global commerce," said Rob Houck, Vice President for Marketing, UPS Asia.
Lee Eng Keat, Director of Logistics, Singapore Economic Development Board said, "The setup of UPS’s Asian regional office for TMS in Singapore will enhance the country’s capabilities and depth to provide companies with insights on compliance and customs brokerage across the region. It will further strengthen Singapore’s proposition as an ideal base for companies to navigate the increasingly complex supply chains in Asia. He also added, "The establishment of such functions will provide good, skilled jobs for Singaporeans in the logistics industry, and enable them to gain regional exposure."
(http://www.pressroom.ups.com/Press+Releases/Archive/2015/Q1/UPS+Launches+Trade+Consulting+Services+in+Asia)