FedEx's contribution to global net economic activity includes revenue, wages, capital expenditures resulting in additional economic activity throughout its business network. This indirect impact helps drive production increases across industries due to relationships within sectors of the global economy. In fiscal year 2024, FedEx indirectly contributed an estimated $39 billion to global net economic production.
"In FedEx we keep the world moving forward proudly impacting sectors like technology, energy healthcare pharmaceuticals," stated Wouter Roels President of Fedex Europe "This is a particularly special year as we celebrate 25 years at Paris-Charles de Gaulle Airport our largest hub outside US major driver local community activities."
Key highlights from Fedex Economic Impact Report include:
- Trade: Continued support for trade policies facilitating greater market access aligns with connecting people opportunities globally according recent Morning Consult survey commissioned by nearly all US business decision-makers agree stimulates growth creates jobs fosters innovation.
- Operational improvements: Enhancements included optimizing surface networks single system completing key hubs Dubai International Airport secondary sorting facility Memphis adding advanced sorting equipment existing locations increasing storage capacity.
- Sustainability: Investments renewable energy powering facilities electrifying pickup delivery fleet researching carbon reduction promoting natural capture solutions adopted industry-wide fiscal year added electric vehicles Brazil markets Canada Chile Spain UK Netherlands UAE.
- Small businesses: Supporting SMEs accelerating growth expanding reach aiding local job creation besides tailored solutions connects clients experts other industries through third-party platform SME Connect.
- Supply chain: In 2023 ninety percent suppliers contracted small companies spending supported approximately four hundred thousand jobs worldwide.
- Donations: Through Cares promotes charitable giving corporate volunteering shipping services globally contributing over fifty-five million dollars partnerships NGOs nonprofits fiscal year twenty-fourth direct associations.
Impact in Europe
Fedex continues playing crucial role driving European economic activity region not only service innovation hub attractive overseas expansion market comprehensive network servicing nearly every country connects businesses opportunities globally via Paris Charles De Gaulle CDG largest outside connecting North America Asia Middle East FY24 directly contributed estimated ten billion equivalent point four percent sector transportation storage communications grew two point five thirteen percent previous contributions reached two nine increase twenty-one concentrated communication sectors.
Growth supported opening renovated Gateway Madrid Barajas new logistics headquarters Dublin modernizing Karlsruhe Leipzig Germany launching pickup delivery Kielce Poland investments strengthening presence meeting demand facilitating seamless trade Europe wide.
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