Massive UPS, DHL Investments Boost German Logistics industry
German logistic infrastructure has got a boost with two giants in different field, have come forwarded to invest in the country to enhance their respective businesses.
In a bid to expand its service in Germany, Deutsche Post (DHL) has geared up to invest around one billion dollars in its German parcel delivery infrastructure, while UPS declared the investment of 200 million dollar in European air hub located in the suburbs of Cologne. These two investments confirm Germany’s tag as the hub of European Logistic.
The representative of Germany Trade and Invest will participate in this year’s Council of Supply Chain Management Professionals’ yearly meeting to be held from October 2 to 5 at Philadelphia. The program will discuss about the scope of business and investment in Germany.
“Germany, having been placed in the middle of Europe, is identified as the best place for the companies to frequently transport goods to western and eastern part of Europe. However the trump card of the country is its infrastructure and the size of the market,” says parcel delivery industry expert David Chasdi from Berlin.
The investment of UPS in Germany is the firm’s biggest ever in Europe, while this turns out to be the biggest investment ever since 1990 for DHL, which is aiming to accelerate the delivery of the packages. These investment clearly shows the Germany’s quick growth in e-commerce. In terms of the revenue generated annually, Germany’s parcel delivery industry is Europe’s largest one. Besides, Germany is ranked second in infrastructure after Hong Kong by World Economic Forum