Quantcast
LA Considers $25 And $30 Minimum Wages For Hotel And Airport Workers
Airlines are on the hook for more than you think if something goes wrong with your trip
WA Labor & Industries plans to create new airline worker protections
Airlines must now give automatic refunds for significant delays. Here's what to know.
American Airlines Technical Operations, Fleet Service, Cargo and Central Load Planning team members ratify new agreement
Spirit Airlines Pursues Bankruptcy as a Path to Tie-Up With Frontier
American Airlines fined $50M for violating disability laws
Canada's flight attendant union applauds NDP bill to end unpaid work in the airline sector
American Airlines testing new technology that would crack down on boarding
Exciting New Airline Routes Coming to North
Another city ignores airport commission's advice, zones for housing near JWA
United shares hit pre-pandemic high after airline forecasts strong finish to 2024, plans buyback
Alaska Airlines Just Made Its Loyalty Program Even More Lucrative With New Rewards, Better Upgrades, and More
Food safety problem closes Detroit airline kitchen leaving 200 flights without meals
5 Reasons Why Kazakhstan's Air Astana Is Establishing Itself As A Key Player In Asian Aviation
JetBlue is no longer serving hot food in economy class on transatlantic flights
Video shows traveler hurl computer monitor at Frontier employees in Chicago
White House 'in touch' with airlines as hurricanes Helene, Milton spark price-gouging fears
Airline bans two items from luggage amid conflict in the Middle East
Turkish Airlines pilot dies midflight, leading to emergency landing in New York
Spirit Airlines Explores Bankruptcy Filing
Airlines turn to AI to allocate gates and cut waiting times
American Airlines Passengers Save Woman from Alleged Violent Male Companion on Flight
Garuda Indonesia and Japan Airlines (JAL) Form Joint Business Agreement — What To Know
Here's how Southwest Airlines' new seating and boarding process will work
Delta Adds New Route to Asia
Southwest Airlines will begin selling assigned seats in 2025
United Airlines Pilot Buys Passengers Pizza In Albuquerque After Flight Was Delayed 7 Hours
Czech Airlines to Cease Operations, Ending 23-Year SkyTeam Partnership
An Asian airline hopes launching one of the world's longest narrowbody routes will actually be a comfort upgrade for passengers

FedEx study reveals optimism among Asia-Pacific businesses amid growing e-commerce trends

Policy
Webp 65di1e90asw9mi0l0a3fhiyhvq6a
Richard W. Smith President and Chief Executive Officer Airline and International | FedEx

FedEx has released a new study on the shopping season in the Asia-Pacific region, revealing optimism among businesses and consumers. Conducted in October 2024, the survey involved 200 small and medium enterprises (SMEs) and 300 consumers from 12 markets in the region. The research aimed to understand expectations, motivations, and concerns related to the shopping season.

The findings show that 70% of SMEs expect sales growth during this period, with nearly 80% attributing this growth mainly to Asian markets, particularly Southeast Asia. This optimism aligns with broader market trends as digital technology adoption and cross-border trade drive double-digit growth in Southeast Asia's e-commerce market for 2024. Intra-Asia trade is also rapidly increasing, projected to exceed $13.5 trillion by 2030.

Key growth opportunities for SMEs include consumer preferences for online shopping platforms and significant discounts during shopping festivals. Over half of consumers prefer e-commerce platforms, with 70% motivated by discounts and promotions. Free shipping remains a crucial factor in enhancing the shopping experience and influencing purchasing decisions. Consumers also expect delivery within two to three business days with convenient options.

Get the Newsletter
Sign-up to receive weekly round up of news from Sky Industry News
By submitting, you agree to our Privacy Policy and Terms of Service. By providing your phone number you are opting in and consenting to receive recurring SMS/MMS messages, including automated texts, to that number from our short code. Msg & data rates may apply. Reply HELP for help, STOP to end. SMS opt-in will not be sold, rented, or shared.

Consumers are increasingly seeking sustainable online shopping methods and are willing to pay extra for sustainable packaging when purchasing gifts. This trend allows businesses offering sustainable options to stand out in a competitive e-commerce market.

Kawal Preet, President of FedEx Asia Pacific Division, stated: "The gift-giving season in Asia Pacific extends from Christmas through Lunar New Year over several months. Cross-border e-commerce continues to grow rapidly as sellers prepare for the holiday sales peak, especially SMEs aiming to boost sales."

E-commerce platforms are essential for SME sales growth as they collaborate with third-party platforms to expand customer bases and increase opportunities. Major online events like "Singles' Day," "Black Friday," and "Cyber Monday" play critical roles in attracting consumers during peak seasons.

To attract customers further, e-commerce sellers innovate personalized services such as live streaming and product showcases on social media platforms. Reliable logistics providers, price advantages, and digital transport tools are crucial for meeting international shipping demands during peak seasons.

FedEx supports e-commerce sellers by simplifying order fulfillment processes through integrated solutions with leading platforms like Shopify and BigCommerce via FedEx Ship Manager™ (FSM). This streamlined service benefits sellers facing increased orders during peak seasons.

Delivery speed significantly impacts consumer satisfaction alongside discounts and promotions. Sixty-five percent of respondents indicated that free shipping influences their purchase decisions; however, delivery delays remain a primary concern for 54% of consumers during peak seasons.

To meet these expectations, services like FedEx® International Connect Plus (FICP) help deliver goods efficiently across Asia-Pacific and Western markets within one to three business days.

FedEx recognizes the importance of last-mile delivery with approximately 260,000 smart lockers across its Asia-Pacific network providing secure drop-off points regardless of customer presence at home. Additional digital tools offer customizable last-mile delivery options ensuring convenience while maintaining tracking transparency through services like FedEx Delivery Manager International or Picture Proof Delivery.

Sustainability is becoming an integral part of consumer decision-making processes alongside transportation speed preferences among nearly half (47%) surveyed SMEs who believe customers seek balance between sustainability initiatives offered by companies they engage with online shopping experiences enhanced by eco-friendly practices supported by environmental efforts fostering brand loyalty among more than three-quarters (77%) willing-to-pay-extra-for-sustainable-packaging gift buyers indicating strong support towards environmentally conscious actions taken by businesses operating within highly competitive electronic commerce environments where offering sustainable choices presents unique advantages available today

For SMEs looking forward expanding into electronic commerce space sustainability now considered indispensable component shaping consumer decisions enabling them make informed choices evaluating supply chains utilizing digital tools such as FedEx® Sustainability Insights assisting calculating historical carbon footprints shipments facilitating access emission reports promoting transparency throughout transportation processes ultimately benefiting both companies themselves customers alike

This online survey conducted Milieu Insights October covering twelve major markets including Australia China Mainland Hong Kong Indonesia Japan Malaysia Philippines Singapore South Korea Taiwan Thailand Vietnam involving two hundred cross-border trading engaged active online shoppers respectively

Organizations Included in this History
More News

Iberia has introduced its new Airbus A321XLR aircraft, following familiarization flights across Europe.

Nov 14, 2024

Boeing has initiated layoffs, affecting approximately 10% of its workforce, as part of a strategy to streamline operations.

Nov 14, 2024

Lufthansa has outlined its plans for the upcoming summer season starting in March 2025.

Nov 14, 2024

A 20-year-old student from the United Kingdom, Myah Saakwa-Mante, was arrested at Los Angeles International Airport (LAX) after customs agents discovered methamphetamine-soaked T-shirts in her luggage.

Nov 14, 2024

Alaska Airlines is introducing a series of premium offerings to enhance the passenger experience with a focus on West Coast innovation and lifestyle.

Nov 14, 2024

Frequent flyers with American Airlines will now find it easier to redeem their systemwide upgrades (SWUs) online.

Nov 14, 2024