Page 22 - Logistics News - November December 2022
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FEDEX ECONOMIC IMPACT REPORT
New global report demonstrates
FedEx economic impact
In Asia Pacific, Middle East and Africa (AMEA), FedEx indirectly contributed to net economic
output worth US$3.8 billion across the AMEA region’s economy in fiscal year (FY) 2022 – a
12 percent increase over FY 2021.
edEx Corp. released the findings from its 2022 economic challenges. With nearly 550,000 employees
report that analysed the company’s impact worldwide, FedEx moved an average of 16 million
Fon the global economy with key regional and shipments each day through its 5,000 facilities in
market-specific analyses from around the world at the FY 2022. The company’s network optimisation and
conclusion of its 2022 fiscal year (FY 2022). The report, investments improved efficiency and capacity for
produced in consultation with Dun & Bradstreet, FedEx customers.
a global provider of business decisioning data and
analytics, for the first time analysed the impact FedEx “All around the world, FedEx helped individuals,
has on economies around the world. Over the past 49 businesses and communities emerge from the
years, FedEx has expanded its services to more than pandemic by moving goods and providing services
220 countries and territories and invested in a global that connect us and power the global economy,”
network enabling businesses of all sizes to access and says Raj Subramaniam, President and CEO, FedEx
grow the global economy. Corporation. “The report illustrates the ongoing
and important work we do every day, including
The report found that FedEx played an integral supporting small- and medium-sized businesses,
role in helping businesses recover from the pandemic which are the backbone of our local communities. We
while overcoming strained supply chains and call this, the ‘FedEx Effect’.”
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