United Parcel Service (UPS) has announced 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.
In a written release, the Atlanta-based supply chain service provider said the enhancements support the Thai government’s renewed focus on innovation and technology as the administration works to create a more value-based economy and develop new growth hubs in its Eastern Economic Corridor.
“Exports in Thailand are expected to grow by a strong 8.5% in 2018, driving an estimated GDP growth of 3.8% 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.”
The enhancements include extended pick-up cutoff times for export shipments to give businesses a wider production window and flexibility to fulfil last-minute orders, as well as faster time-in-transit for imports and exports to capture speed-to-market.
Specifically, these improvements will provide customers three main benefits, said UPS. One is faster transit time by one day for exports from the Eastern Seaboard, Greater Bangkok, and Ayutthaya regions to Asia, Europe, and U.S. destinations, which are priority markets for the high-tech industry, where speed-to-market is critical due to short product lifespans.
Another benefit is the faster transit time by one day for imports from key Asia and Europe origins to selected postal codes in Prachinburi, Rayong, Samut Sakhon, and Saraburi. Shorter time-in-transit allows businesses to maintain less inventory and engage in just-in-time production to fulfill orders, said UPS.
The third is extended shipment pick-up cutoff time by up to seven hours for exports from the Eastern Seaboard and Greater Bangkok regions to key trade lanes in China, Japan, India, Europe, and the U.S. Customers can thus enjoy more production lead time and flexibility to fulfil last-minute orders, said the company.
“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,” Reed added.
“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.”
UPS said the service enhancements are part of its long-term growth plan for Thailand, which is focused on expanding its geographical reach and improving the customer experience for businesses in the high-tech and manufacturing segments.
Photo: Paul Brockmeyer
