UPS announces service enhancements in its strategic gateway to Asia, Thailand
July 13, 2018: Logistics giant UPS has implemented additional service improvements in Thailand to better serve in the automotive and high tech businesses, two sectors earmarked as growth engines of Thailand’s 4.0 economic transformation.
The enhancements support the government’s renewed focus on innovation and technology as it works toward a more value-based economy and the development of new growth hubs in its Eastern Economic Corridor.
“Exports in Thailand are expected to grow by a strong 8.5 percent in 2018, driving an estimated GDP growth of 3.8 percent for the same year,” said Russell Reed, managing director of UPS Thailand.
“As the country continues on its growth path and cements its position as a logistics and aviation hub in the global economy, agility and speed are critical factors for staying competitive in the fast-moving automotive and high-tech sectors.”
Customers will benefit from a major enhancement, especially the high-tech industry: faster transit time by 1 day for exports from Eastern Seaboard, Greater Bangkok and Ayutthaya regions to Asia, Europe and US destinations.
Also, shorter time-in-transit allows businesses to maintain fewer inventories and engage in just-in-time production to fulfill orders. Another enhancement is extended shipment pick up cut-off time by up to 7 hours for exports from the Eastern Seaboard and Greater Bangkok regions to key trade lanes in China, Japan, India, Europe, and the US.
Customers can enjoy more production lead time and flexibility to fulfill last-minute orders.
“UPS has been rolling out service enhancements to the Eastern Economic Corridor and the Greater Bangkok and Ayutthaya regions to improve connectivity and competitiveness for businesses since 2016. Our latest enhancements further accelerate global trade with Thailand’s key trading regions while helping businesses to meet pressures for shorter production times, high product quality, and timely delivery,” Reed added.