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UPS
United Parcel Service.
Example Sentences
As a cyclical industry, it has its ups and downs based on supply and demand, Kartsonas told MarketWatch.
“But with K-beauty, the ups and downs are extreme. New brands are coming out all the time, and people are constantly chasing the next exciting thing.”
As the influx leads to longer processing times and higher, sometimes unexpected, costs across the industry, some customers of UPS like Nicole, say they fear their packages have been lost in the backlog.
Oregon-based Mizuba Tea Co, which has used UPS for more than a decade to import matcha from Japan, has five shipments together worth more than $100,000 held up in processing.
"Because of changes to US import regulations, we are seeing many packages that are unable to clear customs due to missing or incomplete information about the shipment required for customs clearance," a UPS spokeswoman said.
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