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UPS’s Vietnam expansion could target Longi Solar, Nintendo as new clients

Cons. Discr. - Apparel 372 Corp - Forwarders 266 Energy - Renewables 136 Industrials - Capital Goods 469 Info Tech - Tech Hardware 622 Mode - Containerized 1269 Mode - Seaborne 1599 U.S. 4625 Vietnam 287

UPS has taken full control of its Vietnamese operations with a view to providing a more integrated set of third party logistics services to its customers. The firm’s region head has stated that “notwithstanding an emerging second wave, Vietnam is in a prime position for a quick recovery”. One challenge to that may come from the Trump administration’s new trade policy review of the country which may cause supply chain operators to review their use of Vietnamese factories. It’s unlikely to be completed before the elections though. U.S. seaborne imports from Vietnam handled by UPS have grow...

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