The CEO-designate of Atlanta-based United Parcel Service (UPS), who takes office September 1, plans to invest in emerging markets and expand healthcare services, the fastest-growing market after e-commerce.
Chief Operating Officer David Abney, 58, who has been named to succeed CEO Scott Davis, said the company would make acquisitions to build its capabilities overseas, and didn't rule out large deals, Reuters reports.
"Growing internationally and diversifying our customer base are extremely important to us," he said, adding that UPS expects that 95 per cent of consumers will be outside the US.
Rising demand for drugs and medical devices will create a large revenue opportunity for UPS, as aging populations and rising incomes fuel demand for home delivery of healthcare products.
Pharmacists at UPS's hub in Louisville, Kentucky, for example, fill orders for pharmaceutical companies, medical device makers and wholesalers.
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