In the Asia-Pacific region, which includes economically pivotal countries like Japan and China as well as rapidly developing markets such as Vietnam, Thailand, and Indonesia, FedEx plays a crucial role in promoting commercial activities through its air and ground network spanning 43 countries. In fiscal year 2024, FedEx had a direct impact on the region's transport, storage, and communication sectors equivalent to about 0.2% of net economic production. Additionally, it made an estimated indirect contribution of $1.7 billion to the regional economy.
Kawal Preet, President of Asia Pacific at FedEx Express said: "We recognize Asia Pacific’s vital role in global economics and are committed to driving its growth. By strategically investing in infrastructure and enhancing connectivity within the region and globally we position Asia Pacific as a hub for international investment while supporting our customers in unlocking new growth opportunities."
The influence of FedEx on Asia-Pacific's economy continues to expand.
Trade: FedEx supports trade policies that facilitate market access by connecting people worldwide with opportunities. As nations like Vietnam emerge as global production centers for machinery, semiconductors, textiles among others; FedEx has increased flights from Ho Chi Minh City to Guangzhou’s Asia Pacific Hub four times weekly enhancing regional access.
Transport Operations Enhancement: Expanding its presence across Asia-Pacific; establishing a new regional headquarters in Singapore; doubling sorting capacity at Shenzhen International Gateway; enabling Guangzhou South China Operations Center with three times current gateway capacity—capable of sorting up-to-25k packages per hour—and planning expansion at Taoyuan International Airport’s Farglory Air Cargo Park transshipment center—all catering rising demand efficient large-scale transport solutions.
Sustainability: Investing towards renewable energy usage logistics facilities electrifying delivery vehicles advancing natural carbon capture solutions adoption industry-wide carbon sequestration research—in FY24 adding energy-efficient facilities Singapore China Australia five electric tricycles Taiwan achieving first cross-border EV delivery Malaysia-Singapore recognized Malaysian Book Records reducing CO2 emissions compared diesel counterparts zero-emission international delivery milestone.
Supply Chain: Significant supplier spending impacts small businesses—68% APAC supply chain expenditure benefiting SMEs creating employment opportunities throughout region.
Small Business Support: Promoting SME growth supporting development globally fueling local job creation economic activity—tailored portfolio solutions alongside Small Business Grant Program recognizing innovative entrepreneurs accelerating their success awarded $69k prize money APAC including Lucence Singaporean startup winning $30k grand prize non-invasive cancer diagnostic testing advancement.
Social Contribution: Through philanthropic efforts employee volunteerism free shipping initiatives under “FedEx Cares” supporting communities served worldwide donating uniforms Chinese organizations sponsoring women engineering science education Philippines Technological University donating computers software programs Jakarta students installing bicycle repair stations Philippines Junior Achievement program youth entrepreneurship encouragement tree planting urban gardening food banking waste collection library programs across China Singapore Malaysia Australia respectively recorded charitable donations exceeding $55 million collaborating NGOs nonprofits FY24 further details available full report online community impact globally detailed therein
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