Healthcare logistics is among the areas the delivery firm has been focusing after it expanded temperature-controlled supply-chain logistics to support the deployment of COVID-19 vaccines globally. UPS has been focusing on high-margin businesses to offset a decline in volume, as the pandemic-fueled e-commerce boom softens following easing of COVID-related measures. The world’s biggest package delivery firm expects to add more than 350 temperature-controlled vehicles, and more than four million square feet (0.37 square kilometer) across 14 countries from the deal. The deal will allow for faster shipping times and greater production flexibility in the delivery of next-generation pharmaceutical and biologic treatments, UPS said in a statement. Founded in 1985, Bomi Group helps healthcare providers with warehousing and temperature-controlled supply chain logistics for sensitive pharmaceutical products across Europe and South America.

Source: Wall Street Journal August 08, 2022 05:45 UTC