Page 23 - Logistics News - November December 2022

FEDEX ECONOMIC IMPACT REPORT

Measuring the FedEx Effect for our customers as supply chains fluctuate. Our
The shipping and logistics company plays a role in new and improved facilities like the Clark gateway
fueling innovation, creating and supporting local jobs, facility in the Philippines as well as the consolidation
as well as helping lift individuals and their communities at our Delhi hub create greater access to emerging
regionally and in major markets around the world. markets and increase efficiency.”
• FedEx worked with 360,000 suppliers globally who
employed more than 16.5 million individuals. These FedEx’s economic footprint in the region
businesses, many of which are small businesses, continues to grow. The company recently enhanced
created significant economic activity within their its services to and from Africa with the expansion
local or regional markets and had a combined of the flight currently serving South Africa through
annual revenue of US$700 billion. Johannesburg to include its first regularly scheduled
• FedEx global economic activity supported 193,000 service to Nairobi, Kenya. This investment follows
additional jobs beyond the FedEx worldwide other recent extensions of FedEx services in Saudi
employee base in FY 2022, which is 20,000 more Arabia, Egypt and Jordan, which are all geared
jobs than FedEx indirectly supported in FY 2021. towards unlocking growth opportunities for
• Small businesses made up 88 percent of the FedEx small- and medium-sized businesses and boosting
supply chain, and more than half of the FedEx opportunities for trade across the Middle East, India
supply chain spend in each region went to small and the southern Africa region.
businesses, which collectively supported roughly
810,000 small business jobs around the world. FedEx is committed to diversity, equity and
• In FY 2022, FedEx invested US$6.8 billion – a inclusion in the workplace, an important contributor
15 percent increase over FY 2021 – in facility to recent accolades including ranking on the World’s
improvements, network optimisation and Best Workplaces list compiled by Fortune magazine
st
infrastructure improvements, which correlated to in 21 place and being named as one of the best
direct economic growth in the respective markets. places to work in markets across the AMEA region. In
October 2021, Kawal Preet signed the CEO statement
Impact across Asia Pacific, Middle East and Africa of support for the Women’s Empowerment Principles
(AMEA) established by the United Nations Entity for Gender
The company’s presence in Asia, the Pacific, the Middle Equality and the Empowerment of Women and the
East, Indian subcontinent and Africa serves more than United Nations Global Compact.
100 countries and territories in a highly interconnected
region that is playing an increasingly prominent role as a Giving impact
driver of global trade. To support the region’s economic The report shows that in FY 2022, FedEx donated
recovery from the COVID-19 pandemic, FedEx made over US$86 million globally to charities and local
strategic investments as outlined in the report that non-profits in the communities where its team
contributed to a 13 percent increase in employment, members live and work. In the AMEA region, this
supporting more than 58,000 jobs beyond its 37,000 includes environmental programmes, childhood
team members in the AMEA region. education, entrepreneurship and health care
initiatives to help improve lives. The company also
“Through our continuous commitment to served as a critical conduit for food and aid deliveries
the region, we have helped support hundreds of to Ukraine, among others.
thousands of businesses and communities still
recovering from the pandemic,” says Kawal Preet, FedEx is committed to connecting the world
Regional President, AMEA, FedEx Express. “Our responsibly through its stated goal of carbon-neutral L O GI S T I CS NEWS
investments in our hubs in Guangzhou, Osaka and operations by 2040 and pursuit of investments in
Dubai enable us to meet demand and optimise routes renewable energy to power its operations. •

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