UPS expands the UPS Worldwide Economy service in Europe, a cost-effective solution for weight and small size products. After launching in July 2019 in the US, Canada, China, Hong Kong and the UK, the service is now available to customers in Germany, France and the Netherlands, and is planned for future releases in other European markets as well.
The UPS Worldwide Economy service provides companies with an efficient transport option for serving customers in key e-commerce markets in Europe and beyond.
“Expanding UPS Worldwide Economy into some of Europe’s largest e-commerce markets is part of our commitment to provide SMEs with access to the same reliable, quality services our customers and large companies benefit from,” said Nando Cesarone, President of UPS International. “Cross-border online sales will account for 20 percent of global e-commerce by 2022. As B2C and B2B cross-border trade expands, UPS will continue to provide flexibility, visibility and accessibility. The UPS Worldwide Economy service offers micro-multinationals the options through which they can capitalize on international development opportunities.”
“Our customers are increasingly focusing on export as a way to grow their business,” said Abhijit Saha, Vice President of Marketing, UPS Europe. “The spectacular growth of online commerce has been an asset for small and medium-sized companies that want to expand. Our research shows that 68 percent of online customers shop internationally, so it is no surprise that cross-border online commerce will grow twice as fast as domestic e-commerce. The UPS Worldwide Economy service responds to the growing demand for transport services for light and heavy goods. We believe that the accessibility of our solution will allow companies to expand their e-commerce services to new markets around the world.”
According to a European Commission report, EU countries have exported goods worth nearly EUR 2 trillion outside the borders in 2018. Export is a way to gain new customers and helps companies diversify their revenues to counterbalance economic changes.
UPS Worldwide Economy offers benefits to companies in the B2C and B2B segments, who want to export to key e-commerce destinations, but have been waiting for a more affordable way to make international deliveries.
“Due to this combination of benefits – competitive rates, similar parcel pick-up services and UPS’s global logistics network – we offer simpler and cheaper services, even for the smallest of our customers, which allow them to compete at the level of some micro-multinationals,” added Saha.
Launched in July 2019, UPS Worldwide Economy offers customers greater flexibility, allowing them to choose between delivery services with paid or unpaid customs duties, enhanced visibility and tracking of deliveries through UPS.com, as well as the convenience and reliability of network access. UPS global logistics.