The FINANCIAL — UPS officially opened its new healthcare facility in Hangzhou, Zhejiang Province, China, a move that represents a significant expansion of its Asia healthcare distribution network, according to United Parcel Service of America, Inc.
The state-of-the-art facility is designed to offer seamless, global solutions to healthcare companies looking to expand into, transport within, and export from China, according to United Parcel Service of America, Inc.
China recently was voted the market with the most expansion opportunities by healthcare industry executives who were surveyed for UPS's fifth annual "Pain in the (Supply) Chain" study. The global survey of senior executives provides insights into issues and opportunities in the industry.
"China represents one of the most important markets for UPS and our customers," said Jim Barber, UPS International President. "To capture this growth of consumer demand in healthcare, as well as increase presence in China, we are investing in bringing the best-in-class solutions to our customers," he added.
UPS partnered closely with local governments to develop information technologies crucial to product integrity, safety and security. Additionally, all UPS healthcare customers have access to its global IT platform, which provides product visibility during the entire supply chain journey.
With this facility, UPS aims to introduce a new and efficient business model into the Chinese market. This model is designed to reduce costs in the supply chain, negating the need for healthcare companies to build and invest in their own distribution warehouses, according to United Parcel Service of America, Inc.
"With many healthcare companies demanding rigorous supply chain solutions in China, we are seeing increasing opportunities," said Richard Loi, president of UPS China. "The UPS Hangzhou facility, along with our existing Shanghai medical device facility, will speed products to key markets within China, and underscores UPS's commitment to strengthening our China network," he added.
"Many global companies are establishing a presence in Hangzhou and we are pleased to have worked with UPS to raise the standards of healthcare in China," said Zhao Liming, vice governor of Xiaoshan District. "The logistics infrastructure and expertise they bring certainly helps strengthen Hangzhou's position as a major healthcare transportation hub," he added.
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