FedEx has released its annual economic impact report, detailing the company's role in promoting economic growth through enhanced flexibility, operational efficiency, and intelligence in the Asia-Pacific and China markets. The report, compiled with input from business data and analytics provider Dun & Bradstreet, highlights FedEx's positive impact on accelerating the flow of goods and ideas to foster economic growth across countries and regions.
Raj Subramaniam, President and CEO of FedEx Corporation, stated: "FedEx's vision is to create smarter supply chains for everyone by using advanced data and technology to provide better service for our customers and their consumers, thereby expanding FedEx's business scope and influence. 'The FedEx Effect' demonstrates our unwavering commitment to operational excellence, economic growth, and the communities we serve."
The report reveals that in fiscal year 2024, FedEx contributed over $85 billion directly to the global economy, representing approximately 0.1% of global net economic output. This showcases the extensive reach of FedEx's logistics network and its ongoing enhancements in innovative services to help businesses of all sizes reach customers and optimize operations. Currently, FedEx operates one of the world's most extensive transportation networks serving over 220 countries and territories. The company employs more than 500,000 people worldwide across over 5,000 facilities with a daily package processing volume of 16 million.