{"id":753774,"date":"2026-06-22T15:01:09","date_gmt":"2026-06-22T15:01:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/753774\/"},"modified":"2026-06-22T15:01:09","modified_gmt":"2026-06-22T15:01:09","slug":"ups-to-invest-48-million-in-cold-facilities-amid-glp-1-boom","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/753774\/","title":{"rendered":"UPS to invest $48 million in cold facilities amid GLP-1 boom"},"content":{"rendered":"<p>United Parcel Service (UPS) trucks are parked at a UPS drop yard on Oct. 28, 2025 in Vernon, California.<\/p>\n<p>Mario Tama | Getty Images<\/p>\n<p><a href=\"https:\/\/www.cnbc.com\/quotes\/UPS\/\" rel=\"nofollow noopener\" target=\"_blank\">United Parcel Service<\/a> is investing $48 million in 27 temperature\u2011controlled facilities as the industry sees a boom in healthcare logistics, CNBC has learned exclusively.<\/p>\n<p>The facilities, located across the Americas, Europe and Asia, are optimized for moving around shipments that need to be kept at certain temperatures. The company said the investment will help it stay ahead of a boom in medicines and pharmaceuticals \u2014 like <a href=\"https:\/\/www.cnbc.com\/2026\/06\/13\/glp-1s-lilly-novo-pfizer-look-to-new-weight-loss-drugs.html\" rel=\"nofollow noopener\" target=\"_blank\">some GLP-1s<\/a> \u2014 that have to be kept at certain temperatures by improving speed and end-to-end chain of custody.<\/p>\n<p>&#8220;Our global cross-dock facilities strengthen our end-to-end cold-chain capabilities to ensure critical treatments are delivered safely and reliably to patients around the world,&#8221; said Kate Gutmann, UPS&#8217; president of international, healthcare and supply chain solutions. &#8220;This effort \u2013 and all of our work in healthcare logistics \u2013 extends from a deep understanding that we&#8217;re doing more than moving packages.&#8221;<\/p>\n<p>The demand for temperature-sensitive biologics is projected to grow at an 8.3% compound annual growth rate through 2033 and reach a market value of roughly $39.1 billion, according to <a href=\"https:\/\/growthmarketreports.com\/report\/cold-chain-logistics-for-biologics-market\" target=\"_blank\" rel=\"nofollow noopener\">Growth Market Reports<\/a>. Many new medicines are required to be stored at specific temperatures to maintain efficacy, UPS said, making healthcare logistics more crucial than before.<\/p>\n<p>According to the <a href=\"https:\/\/iris.who.int\/server\/api\/core\/bitstreams\/bf88e08d-273b-48df-93b7-a1d7cb9ac02a\/content\" target=\"_blank\" rel=\"nofollow noopener\">World Health Organization<\/a>, up to 50% of global vaccines are wasted every year, with a significant portion of that coming from cold-chain storage issues.<\/p>\n<p>&#8220;These investments reflect our commitment to continue to align our leading end-to-end supply chain to protect innovative treatments and diagnostics, supporting better patient outcomes,&#8221; UPS Healthcare President John Bolla said in a statement.<\/p>\n<p>UPS&#8217; move comes as the industry overall has seen growing investments in the space, especially with the meteoric rise of GLP-1 drugs. Medicines like <a href=\"https:\/\/www.cnbc.com\/quotes\/NVO\/\" rel=\"nofollow noopener\" target=\"_blank\">Novo Nordisk<\/a>&#8216;s Wegovy and Ozempic require strict refrigeration and temperature control during transit. A <a href=\"https:\/\/www.kff.org\/public-opinion\/poll-1-in-8-adults-say-they-are-currently-taking-a-glp-1-drug-for-weight-loss-diabetes-or-another-condition-even-as-half-say-the-drugs-are-difficult-to-afford\/\" target=\"_blank\" rel=\"nofollow noopener\">November KFF poll<\/a> found that 1 in 8 Americans are taking GLP-1s.<\/p>\n<p>UPS CEO Carol Tom\u00e9 said on the company&#8217;s first-quarter earnings call in April that healthcare remains one of the company&#8217;s top priorities and biggest areas of growth.<\/p>\n<p>&#8220;Our global healthcare portfolio has gained market share every year since 2021,&#8221; she said on the call. &#8220;And in the first quarter of this year, we generated our first $3 billion healthcare revenue quarter ever, with all three of our segments delivering year-over-year revenue growth.&#8221;<\/p>\n<p>Tom\u00e9 added that UPS is committed to continuing to &#8220;lean\u00a0into\u00a0that\u00a0space\u00a0in\u00a0a\u00a0meaningful\u00a0way.&#8221;<\/p>\n<p><a href=\"https:\/\/www.google.com\/preferences\/source?q=https:\/\/www.cnbc.com\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"United Parcel Service (UPS) trucks are parked at a UPS drop yard on Oct. 28, 2025 in Vernon,&hellip;\n","protected":false},"author":2,"featured_media":753775,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[4467,45,161,49,48,269238,84,1235,33523,392,195727,236108,1238,1601,24912],"class_list":["post-753774","post","type-post","status-publish","format-standard","has-post-thumbnail","category-healthcare","tag-breaking-news-business","tag-business","tag-business-news","tag-ca","tag-canada","tag-carol-tome","tag-health","tag-health-care-industry","tag-health-care-select-sector-spdr-fund","tag-healthcare","tag-ishares-u-s-healthcare-providers-etf","tag-ishares-u-s-medical-devices-etf","tag-novo-nordisk-a-s","tag-transportation","tag-united-parcel-service-inc"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/753774","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=753774"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/753774\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/753775"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=753774"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=753774"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=753774"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}