UPS Economy launched for SME exporters

Global logistics giant UPS has launched UPS Economy, a service designed to help with SME retailers’ international shipping requirements.

The service will initially be available to customers in the U.S., Canada, China, Hong Kong and the UK  but UPS says it has plans to expand it to other key global markets.

“Our customers are seeking growth opportunities by doing what UPS did decades ago – they’re going global,” said Nando Cesarone, president of UPS International. “The opportunities are even greater in today’s dynamic international trade environment with cross-border e-commerce set to grow two times faster than domestic e-commerce. Global cross-border online sales are projected to make up 20% of e-commerce in 2022.”

“This new service gives our customers options to seize international growth opportunities,” Cesarone added. “And while the ‘last mile’ gets a lot of attention in our industry, we know small businesses look carefully at the first mile. With the same driver, same pick-up service and competitive rates, we’re making that first mile easier and more economical for even the smallest of our customers. This service enables small businesses to compete like micro-multinationals.

The new service will benefit UK businesses that work into B2B and B2C markets that wish to export to key e-commerce destinations across the world, but have been waiting for a more affordable way to ship internationally. Exporting opens doors to new customers, and helps businesses diversify revenue to offset economic shifts.

“The launch of UPS’ new cost-effective cross-border e-commerce service will help set up small and medium-sized businesses in the UK for success,” said Mark Vale, President, UPS UK, Nordics and Ireland. “While many businesses are facing global trade uncertainty, the flexibility of UPS’ smart global logistics network creates exciting opportunities for them to scale-up and expand to new international markets.”

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