FedEx Express serves more than 100 markets across the AMEA region,including China. The study found that with its extensive network,FedEx Express contributed 0.3% of net economic output in theTransportation, Storage, and Communications sector2 inthe region during FY 2023. Across all sectors of the AMEA economy,FedEx Express contributed 0.02% of total net economic output, whichgrew approximately 6% in FY 2023 to $44 trillion.
The company’s impact also included $2.7 billion in indirectcontributions to the regional economy in FY 2023. Among specificindustries in AMEA, FedEx Express indirectly contributed anestimated $1 billion to the critical $9 trillion Manufacturingsector.3 Thecompany’s indirect contribution to the Transportation, Storage, andCommunications sector4 wasestimated as $772 million.
“The AMEA region has an increasingly prominent position in theglobal economy. We are committed to supporting the growth we areseeing here by investing in our facilities and network. Bothdirectly and indirectly, our work supports a growing number of jobsin the wider economy, and we want that to continue,” said KawalPreet, President, Asia Pacific, Middle East, and Africa region,FedEx Express. “Our focus is on our customers and creating greateraccess to the possibilities that global trade brings. We believethat creating an even more connected and sustainable future willstrengthen the FedEx Effect for team members, customers, suppliers,and communities across the region.”
In CY 2022, FedEx spent $3.7 billion with suppliers in the AMEAregion, making significant contributions to the small- andmedium-sized enterprise market. Additionally, the company’sexpansion of new facilities in the region has greatly enhanced itssorting and storage capabilities, while digitalization initiativesand innovation empower its smart logistics network and value in theglobal supply chain ecosystem.
