UPS Healthcare and The UPS Foundation make financial and in-kind commitment to facilitate equitable worldwide vaccine deliveries

Rhea-AI Summary

The UPS Foundation and UPS Healthcare announced a commitment to deliver 20 million COVID-19 vaccine doses to underserved countries across four continents. Collaborating with COVAX, Gavi, and CARE, this initiative aims to enhance equitable vaccine distribution, notably for healthcare workers. UPS will provide cold-chain technology and logistical support, with an initial financial commitment exceeding $3 million, including a $2 million grant to Gavi. This effort reflects UPS's dedication to global health and efficient vaccine delivery, seeking to impact over 10 million individuals in need.

Positive

• Commitment to deliver 20 million vaccine doses to underserved countries.
• Collaboration with established organizations like COVAX and Gavi enhances credibility.
• Initial funding of over $3 million, including $2 million grant to Gavi for vaccine distribution.
• Support for equitable vaccination efforts targeting at-risk groups.

Negative

• None.

• Initial commitment for delivery of 20 million doses to countries in need across four continents
  
• Key support for equitable vaccine distribution through COVAX, Gavi, the vaccine alliance and CARE’s Fast + Fair initiative
• Working with countries across Africa, Asia, Europe and South America to accelerate global vaccination efforts
• Cold chain, additional freezer capacity is yet another element of UPS Healthcare’s continued expansion of worldwide capabilities

ATLANTA, March 04, 2021 (GLOBE NEWSWIRE) -- UPS (NYSE: UPS), The UPS Foundation and UPS Healthcare are moving quickly to support an equitable delivery program and sustainable global supply chain of COVID-19 vaccines. UPS, in collaboration with COVAX, Gavi, the vaccine alliance and CARE will initially facilitate the delivery of 20 million doses for countries that have not had sufficient access to vaccines, including top priority groups like healthcare workers.

“We believe we have the ability – and responsibility – to facilitate and accelerate equitable COVID-19 vaccine delivery around the world,” said Scott Price, President UPS International. “UPS continues to build and inspire action across a network of global public-private partnerships that will ensure vaccines move more efficiently and equitably. Our work focuses on countries with limited resources and constrained supply chains and infrastructures. The goal is simple and our commitment is unwavering – moving our world forward by delivering what matters.”

The latest global vaccination rate is approximately six million doses per day. According to several studies, at that rate it would take an estimated 5.4 years to cover 75 percent of the global population with a two-dose vaccine. The role of public-private partnerships is a vital component in building global solutions for global challenges, such as the pandemic, and the needed access to vaccines to fight it.

Building partnerships

Global success hinges upon bringing together and mobilizing the right partnerships. Helping to establish and fuel these efforts, UPS Healthcare and The UPS Foundation will:

• Provide transportation solutions that leverage UPS cold-chain technology
• Dedicate ultra-low temperature freezer donations necessary to maintain vaccine dose viability at the correct temperature in varying environments
• Commit UPS loaned executives to provide logistics expertise and coordination with vaccine manufacturers and NGO partners to manage and streamline deliveries
  

This initial level of support from The UPS Foundation is more than $3 million in contributions to our global partners. This capacity building effort is made up of a $2 million grant directed to Gavi who is matching the grant to bring it to $4 million. With the addition of $1 million of in-kind support, The UPS Foundation is providing transportation, donating cold-chain capacity in the form of freezers and lending technical expertise to partners in need.

This comprehensive level of support amounts to more than $5 million in support of equitable vaccine distribution and health systems strengthening efforts across Gavi-supported countries.

“With supply limited for the foreseeable future, COVID-19 vaccines are arguably the world’s most precious commodity this year,” said Dr. Seth Berkley, CEO of Gavi. “With every dose being so important, it is critical to ensure that our partner countries have the necessary support and tools to deliver vaccines effectively and efficiently to those who need them. This new support builds on the long-standing partnership between Gavi and the UPS Foundation, which is focused on ensuring that every child in Gavi-supported countries receives lifesaving vaccines.”

The UPS Foundation is also providing support for CARE’s Fast + Fair initiative, which is focused on equitable distribution of COVID-19 vaccines to at-risk groups including healthcare workers, caregivers and refugees in 11 initial countries including Bangladesh, Benin, Democratic Republic of Congo, India and South Sudan.

“We are interdependent as a global community – no one is safe until everyone is safe,” said Nikki Clifton, President of The UPS Foundation. “Now is the time to link our arms around the world. Now is the time to deliver vaccines – and hope – to everyone, regardless of wealth or location.”

Collectively, these public-private efforts, such as the one in Ghana, are designed to ensure COVID-19 vaccines begin flowing quickly to countries in dire need. Through UPS and partner support, more than 10 million people in countries across Africa, Asia, Europe and South America will receive the COVID-19 vaccine in the first wave of vaccine distribution.

About UPS

UPS (NYSE: UPS) is one of the world’s largest package delivery companies with 2020 revenue of $84.6 billion, and provides a broad range of integrated logistics solutions for customers in more than 220 countries and territories. The company’s more than 540,000 employees embrace a strategy that is simply stated and powerfully executed: Customer First. People Led. Innovation Driven. UPS is committed to being a steward of the environment and positively contributing to the communities we serve around the world. UPS also takes a strong and unwavering stance in support of diversity, equity and inclusion. The company can be found on the Internet at www.ups.com, with more information at www.stories.ups.com and www.investors.ups.com.

About The UPS Foundation

Since its founding in 1907, UPS has built a legacy as a caring and responsible corporate citizen, supporting programs that provide long-term solutions to community needs. Founded in 1951, The UPS Foundation leads its global citizenship programs and is responsible for facilitating community involvement to local, national, and global communities. In 2020, UPS and its employees, active and retired, invested more than $122.3 million in charitable giving around the world. The UPS Foundation can be found on the web at UPS.com/Foundation and @UPS Foundation on Twitter. UPS’s Humanitarian Relief & Resilience Program invested nearly $6.3 million and made 2,700 in-kind shipments across 115 countries in 2020.  

About UPS Healthcare 

UPS Healthcare has more than 10 million square feet of cGMP- or cGDP-compliant healthcare distribution space globally. UPS Healthcare services include: inventory management, temperature-controlled packaging and shipping, storage and fulfillment of medical devices, labs and clinical trial logistics. UPS Healthcare’s global infrastructure, its newest UPS Premier visibility service, its track and trace technology, and its global quality system are well-suited to meet today’s complex logistics demands for the pharmaceutical, medical device and laboratory diagnostic industries.

UPS Media Relations
+1-404-828-7123
pr@ups.com

FAQ

What recent commitment did UPS make regarding COVID-19 vaccines?

UPS committed to delivering 20 million COVID-19 vaccine doses to underserved countries across four continents.

How is UPS supporting equitable vaccine distribution?

UPS is collaborating with COVAX, Gavi, and CARE, providing logistical and cold-chain support for vaccine delivery.

What is the financial commitment from UPS for vaccine distribution?

UPS's initial financial commitment exceeds $3 million, including a $2 million grant matched by Gavi.

Which groups will benefit from UPS's vaccine distribution efforts?

The initiative focuses on healthcare workers and underserved populations in various countries.

What impact will UPS's vaccine distribution have globally?

The effort is expected to benefit over 10 million individuals in countries across Africa, Asia, Europe, and South America.