United Parcel Service (UPS) risk factors: FY2025 10-K

1. Changes or continued uncertainty in general economic conditions, in the U.S. and internationally, may adversely affect us.reworded
2. Our industry continues to rapidly evolve. We expect to continue to face significant competition, which could materially adversely affect us.reworded
3. Changes in our relationships with any of our significant customers, including as a result of our strategy to reduce volume from our largest customer or the loss or reduction in business from one or more other customers, could have a material adverse effect on us.reworded
4. Failure to attract or retain qualified employees could materially adversely affect us.
5. Strikes, work stoppages or slowdowns by our employees could materially adversely affect us.
6. We maintain significant physical operations. Increases in operational security requirements impose substantial costs on us and we could be the target of an attack or have a security breach, which could materially adversely affect us.Cybersecurity
7. A significant cybersecurity incident, increased data protection regulations, or other information technology related risks, could materially adversely affect us.rewordedCybersecurity
8. Failure to maintain our brand image and corporate reputation could materially adversely affect us.
9. The effects of global climate change could materially adversely affect us.reworded
10. Severe weather or other natural or man-made disasters could materially adversely affect us.
11. Economic, political, or social developments and other risks associated with international operations could materially adversely affect us.
12. Inability to effectively integrate acquired businesses and realize the anticipated benefits of any acquisitions, joint ventures or strategic alliances could materially adversely affect us.reworded

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1. Changing fuel and energy prices, including gasoline, diesel and jet fuel, and interruptions in supplies of these commodities could materially adversely affect us.
2. Changes in foreign currency exchange rates or interest rates may have a material adverse effect on us.Interest rates
3. Our business requires significant capital and other investments; if we do not accurately forecast our future investment needs, we could be materially adversely affected.
4. Employee health and retiree health and pension benefit costs represent a significant expense to us; further cost increases could materially adversely affect us.
5. Insurance and claims expense could materially adversely affect us.
6. Changes in markets and our business plans have resulted, and may in the future result, in substantial impairments of the carrying value of our assets, thereby reducing our net income.
7. We may have significant additional tax liabilities that could materially adversely affect us.

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1. Increasingly complex and stringent laws, regulations and policies could materially increase our operating costs.
2. Regulations related to climate change, including reporting obligations, could materially increase our operating costs.reworded
3. We may be subject to various other claims and lawsuits that could result in significant expenditures which may materially adversely affect us.reworded

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