Close Menu
  • Home
  • AI
  • Art & Style
  • Economy
  • Entertainment
  • International
  • Market
  • Opinion
  • Politics
  • Sports
  • Trump
  • US
  • World
What's Hot

Vance says Iran agrees to IAEA inspection

June 22, 2026

Alphabet’s pace hits worst day in a year after AI talent leaves

June 22, 2026

Google DeepMind bets $75 million on the future of AI in Hollywood with A24 deal

June 22, 2026
Facebook X (Twitter) Instagram
Smart Breaking News on AI, Business, Politics & Global Trends | WhistleBuzz
Facebook X (Twitter) Instagram
  • Home
  • AI
  • Art & Style
  • Economy
  • Entertainment
  • International
  • Market
  • Opinion
  • Politics
  • Sports
  • Trump
  • US
  • World
Smart Breaking News on AI, Business, Politics & Global Trends | WhistleBuzz
Home » UPS invests $48 million in refrigeration facilities amid GLP-1 boom
World

UPS invests $48 million in refrigeration facilities amid GLP-1 boom

Editor-In-ChiefBy Editor-In-ChiefJune 22, 2026No Comments3 Mins Read
Share Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email Copy Link
Follow Us
Google News Flipboard
Share
Facebook Twitter LinkedIn Pinterest Email


A United Parcel Service (UPS) truck is parked at a UPS drop yard in Vernon, California, on October 28, 2025.

Tama Mario | Getty Images

united parcel service The company is investing $48 million in 27 temperature-controlled facilities as the industry embarks on a boom in medical logistics, CNBC has learned exclusively.

The facilities are located in the Americas, Europe and Asia and are optimized for moving cargo that must be kept at specific temperatures. The company said the investment will help it stay ahead of the boom in medicines and medicines that need to be kept at a constant temperature, such as some GLP-1 products, by improving speed and end-to-end processing and distribution processes.

“Our global cross-dock facilities strengthen our end-to-end cold chain capabilities to safely and reliably deliver critical treatments to patients around the world,” said Kate Gutman, president of international, healthcare and supply chain solutions at UPS. “This initiative, and all of our work in medical logistics, stems from a deep understanding that we do more than just move cargo.”

According to Growth Market Reports, demand for temperature-sensitive biologics is expected to grow at a compound annual growth rate of 8.3% through 2033, reaching a market value of approximately $39.1 billion. Many new drugs must be stored at specific temperatures to remain effective, making medical logistics more important than ever before, UPS said.

According to the World Health Organization, up to 50% of the world’s vaccines are wasted every year, a significant portion of which is due to cold chain storage issues.

“These investments reflect our commitment to continue to align our leading end-to-end supply chain to protect innovative treatments and diagnostics and support better patient outcomes,” UPS Healthcare President John Bora said in a statement.

UPS’s move comes in the wake of increased investment in this area across the industry, particularly the rapid rise in GLP-1 drugs. something like medicine novo nordiskWegovy and Ozempic require strict refrigeration and temperature control during transportation. A November KFF poll found that one in eight Americans takes GLP-1.

UPS CEO Carol Tomé said during the company’s first-quarter earnings call in April that health care remains the company’s top priority and one of its biggest growth areas.

“Our global healthcare portfolio has grown market share every year since 2021,” she said on the conference call. “And in the first quarter of this year, we delivered our first-ever quarterly healthcare revenue of $3 billion, with all three of our segments delivering year-over-year revenue growth.”

Tomé added that UPS remains committed to “focusing on that area in a meaningful way.”

Never miss the most trusted news moments in business news when you choose CNBC as your preferred source on Google.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Editor-In-Chief
  • Website

Related Posts

Vance says Iran agrees to IAEA inspection

June 22, 2026

Chevron uses natural gas to fuel large Microsoft data center in Texas

June 22, 2026

Approximately 18% of U.S. employees expected to be laid off

June 22, 2026
Add A Comment

Comments are closed.

News

Marco Rubio heads to the Middle East to address Iran memorandum in Hormuz | US and Israel’s war against Iran News

By Editor-In-ChiefJune 22, 2026

The US Secretary of State will visit the UAE, Kuwait and Bahrain and meet with…

Why Washington’s reflecting pool went from ‘US Blue’ to algae green | Donald Trump News

June 22, 2026

US attacks suspected drug smuggling ship in Eastern Pacific, killing 2 people | Donald Trump News

June 22, 2026
Top Trending

Google DeepMind bets $75 million on the future of AI in Hollywood with A24 deal

By Editor-In-ChiefJune 22, 2026

A new partnership has been formed between a Hollywood studio and a…

SpaceX Inc. enters computational deal with open source AI lab Reflection AI

By Editor-In-ChiefJune 22, 2026

First came Anthropic, then Google. Currently, open source AI startup Reflection relies…

Founder Summit acceptance rate increases on June 26th

By Editor-In-ChiefJune 22, 2026

Founders don’t grow alone. They learn from peers tackling similar challenges, connect…

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Welcome to WhistleBuzz.com (“we,” “our,” or “us”). Your privacy is important to us. This Privacy Policy explains how we collect, use, disclose, and safeguard your information when you visit our website https://whistlebuzz.com/ (the “Site”). Please read this policy carefully to understand our views and practices regarding your personal data and how we will treat it.

Facebook X (Twitter) Instagram Pinterest YouTube

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Facebook X (Twitter) Instagram Pinterest
  • Home
  • Advertise With Us
  • Contact US
  • DMCA Policy
  • Privacy Policy
  • Terms & Conditions
  • About US
© 2026 whistlebuzz. Designed by whistlebuzz.

Type above and press Enter to search. Press Esc to cancel.