Global Novel Coronavirus UpdateJuly 9, 2020"This update contains information we have gathered from various public sources and share with you to the best of our knowledge, but we cannot guarantee it is complete or in all cases accurate. Moreover, the market is changing rapidly currently; statements in this document may quickly be superseded, despite our best efforts. Nothing in this document

can be taken as a contractual undertaking.”

Proprietary and Confidential: This presentation may not be used or disclosed to other than employees or customers, unless expressly authorized by UPS.© 2018 United Parcel Service of America, Inc. UPS, the UPS brandmark, and the color brown are trademarks of United Parcel Service of America, Inc. All rights reserved.

Number of confirmed COVID-19 cases reported in the last seven days by country, territory or area, 1 July to 7 July*

27/8/2020

"This presentation contains information we have gathered from various public sources including reference materials, webinars and share with you to the best of our knowledge, but we cannot guarantee it is complete or in all cases accurate. Moreover, the market is changing rapidly currently; statements in this document may quickly be superseded, despite our best efforts. Nothing in this document can be taken as a contractual undertaking.”

June 18, 2020

*WHO Website

7/9/2020

Proprietary and Confidential: This presentation may not be used or disclosed to other than employees or customers, unless expressly authorized by UPS.© 2017 United Parcel Service of America, Inc. UPS, the UPS brandmark, the color brown are trademarks of United Parcel Service of America, Inc. All rights reserved.

Webinar #1: The New Normal

Change in the Chain Webinar Series

Join us as we discuss how COVID-19 has affected the global supply chain and

what the new normal might look like as we move forward.

Hosted by the UPS® Global Freight Forwarding leadership team, this webinar will

feature:

RESERVE YOUR

SPOT FOR THE

UPS WEBINAR

DATE

Thursday, July 23, 2020

TIME

9:00a EST

REGISTER NOW

© 2020 United Parcel Service of America, Inc. UPS, the UPS brand mark and the color brown are trademarks of United Parcel Service of America, Inc. All rights reserved.

Marco Bloemen

Managing Director at Seabury Consulting

Romaine Seguin

President UPS Global Freight Forwarding

Mike Harrell

President Global Freight Forwarding, Europe

Jeff McCorstin

President UPS Global Customs Brokerage & North America Supply Chain Solutions

Sebastian Chan

President Asia Pacific Supply Chain Solutions

Proprietary and Confidential: This presentation may not be used or disclosed to other than employees or customers, unless expressly authorized by UPS.© 2017 United Parcel Service of America, Inc. UPS, the UPS brandmark, the color brown are trademarks of United Parcel Service of America, Inc. All rights reserved.

UPS Global Freight Forwarding

4

Our highest priority is to protect the health and safety of our employees, customers, and suppliers. UPS® is confident it can do so while maintaining global operations, except where constrained by government restrictions or other circumstances beyond its control. The Novel Coronavirus pandemic has created unprecedented complexities, which have required us to constantly reassess our operations and take mitigating actions to minimize disruption to our customers.

Stay informed

Promote supply chain continuity

• Register to receive important communications from UPS

• Find the latest information on Air Freight Capacity Surcharge

• Track shipment status through UPS Flex Global View®

• See how UPS Supply Chain Solutions is responding the coronavirus

• International Air Transport Association (IATA) – iata.org

• World Health Organization (WHO) – who.int

• UPS has an integrated global network of supply chain solutions

• Air freight

• Ocean freight

• Preferred LCL

• Small package

• Warehousing & fulfillment

June 18, 2020Proprietary and Confidential: This presentation may not be used or disclosed to other than employees or customers, unless expressly by UPS.

© 2020 United Parcel service of America, Inc. UPS, the UPS brandmark, the color brown are trademarks of United Parcel Service of America, Inc. All rights reserved.7/9/2020

Proprietary and Confidential: This presentation may not be used or disclosed to other than employees or customers, unless expressly authorized by UPS.© 2017 United Parcel Service of America, Inc. UPS, the UPS brandmark, the color brown are trademarks of United Parcel Service of America, Inc. All rights reserved.

Proprietary and Confidential: This presentation may not be used or disclosed to other than employees or customers, unless expressly by UPS. © 2020 United Parcel service of America, Inc. UPS, the UPS brandmark, the color brown are trademarks of United Parcel Service of America, Inc. All rights reserved.

Europe - Coronavirus Updates, July 9th

Countries Current Situation Lockdown

Status

Russia

Ukraine

• Russia: • Russia is now the fourth most affected country• Cases decreasing, restrictions easing• The ban on international flights has been extended to

August 1st and beaches in Moscow have been closed• Russia is not included in the list of 14 nations permitted to travel

to the EU

MEDIUM

Romania

UK

Spain

France

Germany

Italy

Austria

Bulgaria

Greece

Netherlands

Belgium

Sweden

• UK:• Coronavirus measures relaxed again, and restaurants

and cafes allowed to reopen in England on Saturday• The city of Leicester went into lockdown again earlier this week

after an outbreak of infections• The lockdown will last at least two weeks, and will be re-

evaluated on July 18th• Portugal:

• Since July 1st , a lockdown was imposed on the approximately 700,000 inhabitants in some 20 neighbourhoods, which is set to last for at least two weeks, until July 15th

• Spain:

• The city of Lérida in the Spanish region of Catalonia placed back

in quarantine after several new outbreaks were

recorded. Gatherings with more than 10 people will not be

allowed. An end-date for the lockdown not announced

• The north-western coastal region of Galicia were also placed in

lockdown again. inhabitants of 14 municipalities in the A Marina

area of Galicia will not be allowed to leave the area, and

gatherings with more than ten people will be banned. The

measure applies provisionally for five days, meaning until Friday.

The situation will then be reassessed.

LOW

No information available

This update contains information we have gathered from various public sources and share with you to the best of our knowledge, but we cannot guarantee it is complete or in all cases accurate. Moreover, the market is changing rapidly currently; statements in this document may quickly be superseded, despite our best efforts. Nothing in this document can be taken as a contractual undertaking.”

5June 18, 20207/9/2020

Proprietary and Confidential: This presentation may not be used or disclosed to other than employees or customers, unless expressly authorized by UPS.© 2017 United Parcel Service of America, Inc. UPS, the UPS brandmark, the color brown are trademarks of United Parcel Service of America, Inc. All rights reserved.

Europe Update for July 9th

Air Freight Updates

Socioeconomic Updates

• EU travel list leaves off star performers while including coronavirus hotspots

• Coronavirus: A new peak ‘could be only a month away,’ says Van Ranst

• EU ‘ready to grant’ City of London access to European markets after Brexit

• Belgium to re-ban travel to infected EU zones

• Air Freight: UPS operations working normal. Adjusting the

routing of the freight, in order to have commercial uplift done

effectively

• Ocean Freight: UPS operations working normal. Ports fully

functional. Currently no backlogs

• Swiss International Airlines: • Scheduled flights from ZRH to BOS, LAX, NRT, PVG, ORD, JFK,

MIA, SFO• Summer timetable from ZRH to BKK, HKG, BOM, PVG, SIN,

NRT, JFK, EWR, ORD, JNB, DAR, NBO, TLV,• Delta Airlines: Scheduled flights from

• AMS to ATL, JFK, DTW, SEA• ATH to JFK• CDG to ATL , JFK

• Air France: New flight schedule for CDG to ATL, JFK< LAX, MEX, YUL

• KLM: Scheduled flights from AMS to JFK, LAX, YYZ

• Port of Belgium, France, Germany, Netherland & Finland

are severely constrained

• Port of UK, Ireland, Denmark, Sweden, Norway, Turkey,

Italy & Spain are working without any constraints

• The situation at the borders remains stable, border waiting times on some borders — e.g. DE→CH, RO→CH and RO→HU — are long

UPS Operations**

Ocean Freight Updates

Inland Transportation

This update contains information we have gathered from various public sources and share with you to the best of our knowledge, but we cannot guarantee it is complete or in all cases accurate. Moreover, the market is changing rapidly currently; statements in this document may quickly be superseded, despite our best efforts. Nothing in this document can be taken as a contractual undertaking.”

6Proprietary and Confidential: This presentation may not be used or disclosed to other than employees or customers, unless expressly by UPS.

© 2020 United Parcel service of America, Inc. UPS, the UPS brandmark, the color brown are trademarks of United Parcel Service of America, Inc. All rights reserved.June 18, 20207/9/2020

Proprietary and Confidential: This presentation may not be used or disclosed to other than employees or customers, unless expressly authorized by UPS.© 2017 United Parcel Service of America, Inc. UPS, the UPS brandmark, the color brown are trademarks of United Parcel Service of America, Inc. All rights reserved.

Proprietary and Confidential: This presentation may not be used or disclosed to other than employees or customers, unless expressly by UPS. © 2020 United Parcel service of America, Inc. UPS, the UPS brandmark, the color brown are trademarks of United Parcel Service of America, Inc. All rights reserved.

ISMEA - Coronavirus Updates, July 9th

No information available

Countries Current Situation Lockdown

Status

India

Sri Lanka

Pakistan

Iraq

Afghanistan

Kuwait

Angola

• Zimbabwe:

• Harare remains the most affected area with one-third of cases

• Kenya:

• Schools will reopen in 2021

• Nairobi and Mombasa continue to be the worst affected areas

• Discussions to ease restrictions are ongoing• Iran: Some businesses in Tehran have been closed

again amid ongoing transmission.

HIGH

Saudi Arabia

Bangladesh

UAE

Guinea

Congo

Egypt

Uganda

• Bangladesh:

• A slight decrease in new cases have been reported

• The country may have a COVID-19 vaccine by

December 2020 which is being developed by Globe

Biotech Limited.

• Authorities have extended restriction measures in

the country till 3 August.

MEDIUM

Ghana

Botswana• Ghana: Restrictions on land and maritime borders. LOW

This update contains information we have gathered from various public sources and share with you to the best of our knowledge, but we cannot guarantee it is complete or in all cases accurate. Moreover, the market is changing rapidly currently; statements in this document may quickly be superseded, despite our best efforts. Nothing in this document can be taken as a contractual undertaking.”

7June 18, 20207/9/2020

Proprietary and Confidential: This presentation may not be used or disclosed to other than employees or customers, unless expressly authorized by UPS.© 2017 United Parcel Service of America, Inc. UPS, the UPS brandmark, the color brown are trademarks of United Parcel Service of America, Inc. All rights reserved.

ISMEA Update for July 9th

Ocean Freight Updates

Socioeconomic Updates

• Israel and UAE announce collaboration to fight Covid-19 with AI• India:

• Indigenous COVID-19 vaccine likely to launched by August• Human clinical trials are planned at multiple sites in states

including Andhra Pradesh, New Delhi, Bihar, Karnataka, Tamil Nadu, Uttar Pradesh and Goa

• Air freight :

• UPS working but some delays expected due to local

condition

• Ocean Freight: Running unconstrained

• Local transportation causing delays due to restrictions

• Cathy Pacific:• Intend to operate flights to Mumbai, New Delhi in July

• Emirates:• New scheduled destinations from DXB to ATH,

FCO, GLA, LCA. MUC• Additional frequency from DXB to AMS, BRU, CDG,

LHR, MAD, TUN, SKT, GRU-SCL

• Port of Rwanda, Congo, Tanzania, South Africa, Pakistan, UAE, Egypt & Oman are operational but service constrained

• Ports of India, Kuwait, Bahrain, Saudi Arabia, Qatar, Zambia, Kenya are working without any constraints

UPS Operations**

Air Freight Updates

• Final delivery delays of Air / Ocean may happen due to border

constraints

Inland transportation

This update contains information we have gathered from various public sources and share with you to the best of our knowledge, but we cannot guarantee it is complete or in all cases accurate. Moreover, the market is changing rapidly currently; statements in this document may quickly be superseded, despite our best efforts. Nothing in this document can be taken as a contractual undertaking.”

8Proprietary and Confidential: This presentation may not be used or disclosed to other than employees or customers, unless expressly by UPS.

© 2020 United Parcel service of America, Inc. UPS, the UPS brandmark, the color brown are trademarks of United Parcel Service of America, Inc. All rights reserved.June 18, 20207/9/2020

Proprietary and Confidential: This presentation may not be used or disclosed to other than employees or customers, unless expressly authorized by UPS.© 2017 United Parcel Service of America, Inc. UPS, the UPS brandmark, the color brown are trademarks of United Parcel Service of America, Inc. All rights reserved.

Proprietary and Confidential: This presentation may not be used or disclosed to other than employees or customers, unless expressly by UPS. © 2020 United Parcel service of America, Inc. UPS, the UPS brandmark, the color brown are trademarks of United Parcel Service of America, Inc. All rights reserved.

APAC - Coronavirus Updates, July 9th

Countries Current Situation Lockdown

Status

Philippines

Singapore

Indonesia

Myanmar

• Singapore & Philippines: Stay-At-Home

order

• Indonesia: Only essential services working in

some parts of the country

MEDIUM

Australia

Cambodia

China

Hong Kong

Japan

Malaysia

Myanmar

South Korea

Taiwan

Thailand

Vietnam

• Open for business with social distancing and

other restrictionsLOW

This update contains information we have gathered from various public sources and share with you to the best of our knowledge, but we cannot guarantee it is complete or in all cases accurate. Moreover, the market is changing rapidly currently; statements in this document may quickly be superseded, despite our best efforts. Nothing in this document can be taken as a contractual undertaking.”

9June 18, 20207/9/2020

Proprietary and Confidential: This presentation may not be used or disclosed to other than employees or customers, unless expressly authorized by UPS.© 2017 United Parcel Service of America, Inc. UPS, the UPS brandmark, the color brown are trademarks of United Parcel Service of America, Inc. All rights reserved.

APAC Update for July 9th

10

Socioeconomic Updates UPS Operations**

• Singapore: Ended Circuit Breaker Phase 1 (“Safe Re-Opening”) on June 18 and moved into Phase 2 (“Safe Transition”). There will be greater resumption of activities on a broader scale though safe distancing measures continue to remain in place

• Air Freight: Charters available

• Ocean Freight: Available capacity

• Rail/Ground: Export shipments available, but limited for

some countries

• China: Air Cargo operates regular weekly flights to/from

China

• Japan: some routes remain reduced

• Malaysia: limited schedule

• Philippines: reduced cargo flights

No update from carriers on blank sailings in TPEB / AS-EU trade

Air Freight Updates Ocean Freight Updates

• Malaysia: Limited transit between Brunei and Malaysia.

Rail Updates

This update contains information we have gathered from various public sources and share with you to the best of our knowledge, but we cannot guarantee it is complete or in all cases accurate. Moreover, the market is changing rapidly currently; statements in this document may quickly be superseded, despite our best efforts. Nothing in this document can be taken as a contractual undertaking.”

Proprietary and Confidential: This presentation may not be used or disclosed to other than employees or customers, unless expressly by UPS. © 2020 United Parcel service of America, Inc. UPS, the UPS brandmark, the color brown are trademarks of United Parcel Service of America, Inc. All rights reserved.June 18, 20207/9/2020

Proprietary and Confidential: This presentation may not be used or disclosed to other than employees or customers, unless expressly authorized by UPS.© 2017 United Parcel Service of America, Inc. UPS, the UPS brandmark, the color brown are trademarks of United Parcel Service of America, Inc. All rights reserved.

United States Update for July 9th

11

Socioeconomic Updates UPS Operations**

• US reaches 3 million coronavirus cases

• Spike in COVID cases could renew pressure on air freight

capacity

• US, Canada and Mexico extend border restrictions for 30

more days

• US residents banned from EU travel amidst rising COVID

numbers

• Air Freight: Fully operational

• Ocean Freight: Fully operational

• Rail/Ground: Fully operational

• Delta temporarily shuts down cargo facility at O’Hare airport

• E-commerce drives multipronged expansion at UPS Airlines

• COVID ushers in direct cargo flights from Vietnam

• New cargo inspection program to cut wait times at Texas

border port.

• Port of New Orleans railroad upgrades locomotives

• World container index – PVG to LA = down / PVG to NY =

down / PVG to RTM = stable

• US-Mexico truck crossings decline 22% at Port Laredo

Air Freight Updates Ocean Freight Updates

Inland transportation

This update contains information we have gathered from various public sources and share with you to the best of our knowledge, but we cannot guarantee it is complete or in all cases accurate. Moreover, the market is changing rapidly currently; statements in this document may quickly be superseded, despite our best efforts. Nothing in this document can be taken as a contractual undertaking.”

Proprietary and Confidential: This presentation may not be used or disclosed to other than employees or customers, unless expressly by UPS. © 2020 United Parcel service of America, Inc. UPS, the UPS brandmark, the color brown are trademarks of United Parcel Service of America, Inc. All rights reserved.June 18, 20207/9/2020

Proprietary and Confidential: This presentation may not be used or disclosed to other than employees or customers, unless expressly authorized by UPS.© 2017 United Parcel Service of America, Inc. UPS, the UPS brandmark, the color brown are trademarks of United Parcel Service of America, Inc. All rights reserved.

Canada Update for July 9th

12

Socioeconomic Updates UPS Operations**

• Canada Extends Coronavirus Travel Ban On Most

Foreign Travelers

• Canada extends US and Mexico border restrictions for

30 more days

• Transportation job losses slow as Canada starts to

recover

• Air Freight: Reduced flights

• Ocean Freight: Port restrictions

• Rail/Ground: Customs operation impacted

Air Canada is resuming many of its international flights,

heading to the U.S., the Caribbean, South America,

Europe and the Pacific.

The airline will be offering flights to 97 destinations –

down from its usual 220 spots.

• Ports are operational. Cargo transportation is still

allowed

• Slow in/out processing and delays in customs clearance

• Daily pickups and deliveries except where restrained by

government

Air Freight Updates

Ocean Freight Updates

Inland transportation

This update contains information we have gathered from various public sources and share with you to the best of our knowledge, but we cannot guarantee it is complete or in all cases accurate. Moreover, the market is changing rapidly currently; statements in this document may quickly be superseded, despite our best efforts. Nothing in this document can be taken as a contractual undertaking.”

Proprietary and Confidential: This presentation may not be used or disclosed to other than employees or customers, unless expressly by UPS. © 2020 United Parcel service of America, Inc. UPS, the UPS brandmark, the color brown are trademarks of United Parcel Service of America, Inc. All rights reserved.June 18, 20207/9/2020

Proprietary and Confidential: This presentation may not be used or disclosed to other than employees or customers, unless expressly authorized by UPS.© 2017 United Parcel Service of America, Inc. UPS, the UPS brandmark, the color brown are trademarks of United Parcel Service of America, Inc. All rights reserved.

LATAM Update for July 9th

13

Socioeconomic Updates UPS Operations**

• Mexico, US and Canada extend border restrictions for 30

more days

• Parts of Latin America reopen as crisis deepens

• Brazil overtakes Spain and Italy as virus cases grow

• US suspends travel from Brazil for foreigners

• Air Freight: Reduced flights

• Ocean Freight: Port Restrictions

• Rail/Ground: Customs operation impacted

LATAM Common Carriage flights were reduced or

forbidden to/from US, Europe & Asia (19 countries: AR,

BO, BR, CL, CO, CR, DO, EC, GT, HN, NI, PA, PE, PR, PY,

SR, SV, UY, VE)

• Ocean Port Restrictions (3 countries: DO, HN, PR)

DO: Operations had been restricted up to 6pm

HN: Limited service to Puerto Cortez Port

PR: No passenger vessel allowed

• US-Mexico truck crossings decline 22% at Port Laredo

• Customs operation impacted (9 Countries: AR, CR, DO,

EC, GT, PA, PE, SR, VE)

Air Freight Updates Ocean Freight Updates

Inland transportation

This update contains information we have gathered from various public sources and share with you to the best of our knowledge, but we cannot guarantee it is complete or in all cases accurate. Moreover, the market is changing rapidly currently; statements in this document may quickly be superseded, despite our best efforts. Nothing in this document can be taken as a contractual undertaking.”

Proprietary and Confidential: This presentation may not be used or disclosed to other than employees or customers, unless expressly by UPS. © 2020 United Parcel service of America, Inc. UPS, the UPS brandmark, the color brown are trademarks of United Parcel Service of America, Inc. All rights reserved.June 18, 20207/9/2020

Thank You

Proprietary and Confidential: This presentation may not be used or disclosed to other than employees or customers, unless expressly authorized by UPS.© 2017 United Parcel Service of America, Inc. UPS, the UPS brandmark, the color brown are trademarks of United Parcel Service of America, Inc. All rights reserved.

Sources

• Official sources (WHO, Governments, etc.),** UPS Internal Sources Seabury

• Carriers • Sky cargo

• Emirates

• Lufthansa

• News Media Brussels times

New York Times

BBC News

Times of India

15Proprietary and Confidential: This presentation may not be used or disclosed to other than employees or customers, unless expressly by UPS.

© 2020 United Parcel service of America, Inc. UPS, the UPS brandmark, the color brown are trademarks of United Parcel Service of America, Inc. All rights reserved.June 18, 20207/9/2020