United Parcel Service Inc (UPS) is looking for acquisitions to bolster its supply-chain and freight-forwarding units, according to its CEO Scott Davis. UPS has made more than 40 purchases in the past decade, and there are “likely to be some more” in the coming year, with China, India and the Middle East at the “top of the list” for expansion,said Davis.

“We’re strengthening ourselves in emerging markets, the Middle East, Asia, areas where we think we can invest and grow,” Davis said, adding that the express company was also looking at acquisitions in the healthcare logistics sector. UPS also wants to expand its services for handling healthcare products, Davis said. UPS’ supply-chain and freightforwarding operations are its smallest business, accounting for 17 per cent of 2008 sales.