United Parcel Service (UPS) risk factors, FY2024 10-K

Business and Operating Risks

1. 01Changes in general economic conditions, in the U.S. and internationally, may adversely affect us
2. 02Our industry is rapidly evolving. We expect to continue to face significant competition, which could materially adversely affect us
3. 03Changes in our relationships with any of our significant customers, including the loss or reduction in business from one or more of them, could have a material adverse effect on us
4. 04Failure to attract or retain qualified employees could materially adversely affect us
5. 05Strikes, work stoppages or slowdowns by our employees could materially adversely affect us
6. 06We 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
7. 07A significant cybersecurity incident, or increased data protection regulations, could materially adversely affect us
8. 08Failure to maintain our brand image and corporate reputation could materially adversely affect us
9. 09Global climate change could materially adversely affect us
10. 10Severe weather or other natural or man-made disasters could materially adversely affect us
11. 11Economic, political, or social developments and other risks associated with international operations could materially adversely affect us
12. 12Our inability to effectively integrate any acquired businesses and realize the anticipated benefits of any acquisitions, joint ventures or strategic alliances could materially adversely affect us

Financial Risks

1. 13Changing fuel and energy prices, including gasoline, diesel and jet fuel, and interruptions in supplies of these commodities could materially adversely affect us
2. 14Changes in foreign currency exchange rates or interest rates may have a material adverse effect on us
3. 15Our business requires significant capital and other investments; if we do not accurately forecast our future investment needs, we could be materially adversely affected
4. 16Employee health and retiree health and pension benefit costs represent a significant expense to us; further cost increases could materially adversely affect us
5. 17Insurance and claims expense could materially adversely affect us
6. 18Changes 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. 19We may have significant additional tax liabilities that could materially adversely affect us

Regulatory and Legal Risks

1. 20Increasingly complex and stringent laws, regulations and policies could materially increase our operating costs
2. 21Increasingly stringent regulations related to climate change, including reporting obligations, could materially increase our operating costs
3. 22We may be subject to various claims and lawsuits that could result in significant expenditures which may materially adversely affect us