UPM Annual Report 2020

OUR BUSINESSES

The Biofore Company

40 42 46 48 50 52 54 56 58 60 61 62

UPM Biorefining - Pulp & Timber

UPM Biorefining - Biofuels

UPM Energy UPM Raflatac

UPM Specialty Papers

UPM Communication Papers

UPM Plywood

UPM Biochemicals UPM Biomedicals UPM Biocomposites

The COVID-19 pandemic has further fuelled e-commerce growth. In June 2020, global retail e-commerce traffic stood at a record 22 billion monthly visits. In 2021, more than 3.8 billion people, half of the world’s population, are expected to use e-commerce for their purchases. Each delivery contains labels and many are based on fibre-based packaging materials. E-COMMERCE GROWS AT A RECORD PACE

Actions for future growth

Source: Statista

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UPM ANNUAL REPORT 2020

UPM ANNUAL REPORT 2020