“Fedex Effect” leads growth in Asia and the Pacific
Fedex issued its annual report for the economic impact, where the company’s international network analysis and its role in building prosperity in local communities during its fiscal year 2024 (fiscal year 2024). It was produced in consultation with Dun & Bradstreeet (NYSE: DNB), a pioneering provider of commercial decision -making data and analyzes. The study confirms the “FedEX effect” – the Fedex effect on accelerating the flow of goods and ideas that generate economic growth across countries and regions.
“In FEDEX, we have a vision to make supply chains smarter for all by taking advantage of the data and advanced technology to better serve our customers and customers, thus expanding our access and impact,” said Raj Supramamiam, President and CEO of Fedex Corporation. “Fedex effect” represents our unavoidable commitment to excellence and economic growth and societies in which we live and work.
The report reveals that FEDEX contributed more than 85 billion dollars to the direct impact of the global economy in the fiscal year 2024, which represents about 0.1 % of the net economic product in the world. This activity reflects the size of the FEDEX network and the ongoing efforts of the company to enhance its innovative services that help companies of all sizes communicate with customers and enhance their operations. The company owns a more comprehensive transport network in the world, as it provides service for more than 220 countries and regions. In addition, Fedex employs more than 500,000 people in more than 5,000 facilities and moves on average 16 million buckets per day.
APAC effect
The Asia Pacific region (APAC) continues to appear as a center for economic opportunities, with rapid growth in major economies such as China, Japan and developing markets such as Vietnam, Thailand and Indonesia. Fedex is very important in facilitating regional trade through the growing air, and its terrestrial network that extends to 43 APAC countries. In the fiscal year 2024, FEDEX contributed directly by 0.2 % in the net economic product in the APAC transportation, storage and communications sector. FEDEX indirectly contributed to an estimated $ 1.7 billion in the region’s economy in the fiscal year 2024.
“We are aware of the APAC pivotal role and its contribution to the global economy and we need to lead its growth,” said Koal Brett, the president of Asia and the Pacific Ocean. “By investing strategically in infrastructure and enhancing communication within the region and the world, we enable companies to open new growth opportunities with APAC mode as a center for international investment. We are constant in expanding access to global trade, feeding economic growth, creating a long -term sustainable value for societies and clients and working all over the region.”
The FedEX economic fingerprint in the region continues to grow.
commerce: FEDEX continuous support for commercial policies that facilitate increased access to markets develops the purpose of the company in linking people and capabilities all over the world. With the emergence of countries such as Vietnam as central global production centers for technology equipment, semiconductor, textiles, and more, FEDEX has strengthened links within the region, for example by adding four new weekly weekly flights from the city of Hoshi Minh to the Fedex Asia and Pacific Center in Guangzhou, China.
Operating improvements: Fedex continues its mark in the APAC and set up a new regional headquarters in Singapore. Fedex also upgraded the Shenzhen International Gate to double its ability to sort the package. It has crashed into the southern operations center in southern China in Guangzhou, which will be able to sort to up to 25,000 buckets and documents per hour – three times the current FEDEX Gate. In addition, we have plans to expand the Transshipment Fedex Center at Farglory Air Cargo Park at Taiwan International Airport in Taiwan. These decisive centers help meet the increasing demand for effective -scale active charging solutions.
Sustainability: The company continues to invest in renewable energy to operate its facilities, its fleet electricity to capture and deliver, and carbon insulation research to enhance natural carbon capture solutions to adopt through the transport industry. In the fiscal year 2024, FEDEX opened new energy -saving facilities in Singapore, China and Australia, and added five commercial 3D bikes to the PUD fleet in Taiwan. The company also dated the first delivery of a cross -border package across EV from Malaysia to Singapore. The historical trip, which has an area of 252 miles, avoided 220 lbs of CO2 Tail emissions compared to the same trip with a diesel car and was recognized by the Malaysian Malaysian Record Book Book.
Suppliers: FedEx spending provides a major contribution to the Small and Medium Business Market (SAM). In the 2023 calendar year, 68 percent of spending in the FEDEX supply chain in APAC went to Sams, which contributed to the number of small business jobs created in the region.
Small companies: Fedex helps small and medium -sized companies (SAMS) accelerate their growth and expanding their global scope, and support local job opportunities and economic activity. In addition to its SAM portable solutions, the company supports the SAM community, through its small commercial grant program to recognize innovative projects and provide financing to help accelerate their growth. In APAC, four companies from Indonesia, Malaysia, the Philippines and Singapore have participated in a total award of $ 69,000. The Grand Award was $ 30,000, which is the start of the oncology starting from Singapore, which is developing non -surgical tests aimed at accurately diagnosing cancer.
Giving: Fedex supports the communities that they serve through Fedex Cares, which enhance charitable giving, volunteer efforts for employees, and in -kind shipping services around the world. In the fiscal year 2024, the total number of charitable contributions to the company was more than $ 55 million in its direct partnerships with NGOs and non -profit organizations. In APAC, this included donating the retired uniforms of local institutions in China, supporting education costs for women registered in engineering and science courses at the University of Applied Arts in the Philippines, donating computers and software software for students in Jakarta, and biking stations in the Philippines. The company also supported the entrepreneurship for youth through its regional junior achievement program (JA) and volunteered to support programs, including tree cultivation in China, Singapore, urban gardens in Malaysia, the FoodBank and Sterert Group in Australia and a library program in China.
