Search
 

Navigating Emerging Markets

Kurt Kuehn, CFO, UPS

By John Labate | Updated on March 06, 2011

UPS has engineered a strong comeback from the economic slowdown. Last month, the package delivery company reported that its revenue surged 8.4% in the fourth quarter amid strong holiday volume. The pick-up included a 4.8% increase in international shipments, with business in China up 30%. Treasury & Risk checked in with CFO Kurt Kuehn on UPS’ expansion overseas and the risks involved.

T&R: You’ve said emerging markets are a key focus in the year ahead. Which markets do you have your eye on? Kuehn: It’s really a focus for the next decade ahead. Emerging markets is not going to be a one-year story, certainly for UPS and for most global companies that are looking out. But they have been a priority the last couple of years. We have done a number of joint ventures and acquisitions, whether that’s Eastern Europe or Turkey or Malaysia or Indonesia. Vietnam is another exciting area. It’s going to continue to be an area of increased focus for us. Clearly some of these economies are past emerging and are rapidly developing, so it’s important that we develop enough capabilities there to help be part of the economic growth.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2024 ALM Global, LLC. All Rights Reserved.