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Aug 15, 2023

FedEx report outlines impact on economy

FedEx Express has released findings from a report which for the first time

FedEx Express has released findings from a report which for the first time analysed its impact on the local and global economy sector.

The Global Economic Impact Report found that FedEx donated over $86 million to global charities and local non-profits in the communities where its team members were based in FY2022.

It also showed that FedEx played an integral role in helping businesses recover from the pandemic while overcoming strained supply chains and economic challenges.

During Covid-19 lockdowns, FedEx served as a critical conduit for food aid deliveries to residents in Shanghai, China and it delivered vaccines and critical medical supplies to India, Korea and Vietnam, among others.

With nearly 550,000 employees worldwide, FedEx moved an average of 16 million shipments each day through its 5,000 facilities in FY 2022.

"All around the world, FedEx helped individuals, businesses, and communities emerge from the pandemic by moving goods and providing services that connect us and power the global economy," said FedEx Corporation President and CEO, Raj Subramaniam.

"The report illustrates the ongoing and important work we do every day, including supporting small- and medium-sized businesses which are the backbone of our local communities."

In Australia, FedEx has continued to extend its footprint by creating access to more international markets and investing in new and upgraded facilities that will further enhance its delivery times for international and domestic customers.

In October 2021, FedEx Express Australia announced additional weekly flights from Singapore to Sydney, Australia, doubling flight operations between the two countries.

As a result, FedEx Express Australia shipment volume in Singapore increased by 22 per cent in FY 2022.

"We are continuously strengthening our operations in Australia to ensure we offer our customers the most robust solutions possible to support their needs," said FedEx Express Australasia Vice President, Peter Langley.

"Throughout the pandemic, SMEs have been the most severely affected and FedEx has been supporting small and medium businesses as well as e-retailers in tapping domestic opportunities or accessing more international markets.

"This includes providing solutions that offer a personalised experience that will help businesses exceed customer expectations."

In other news, Ryan Saunders bagged the title of 2021/2022 Employee of the Year for his hard work.

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