A variety of ubiquitous computing devices, such as radio frequency identification (RFID) and wireless sensor network (WSN), are generating huge and significant events that should be rapidly processed for business excellence. In this paper, we describe how complex event processing (CEP) technology can be applied to ubiquitous process management based on context-awareness. To address the issue, we propose a method for context-aware event processing using event processing language (EPL) statement. Specifically, the semantics of a situation drive the transformation of EPL statement templates into executable EPL statements. The proposed method is implemented in the domain of ubiquitous cold chain logistics management. With the proposed method, context-aware event processing can be realized to enhance business performance and excellence in ubiquitous computing environments.