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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 the Transportation, Storage, and Communications sector2 in the region during FY 2023. Across all sectors of the AMEA economy, FedEx Express contributed 0.02% of total net economic output, which grew approximately 6% in FY 2023 to $44 trillion.

The company’s impact also included $2.7 billion in indirect contributions to the regional economy in FY 2023. Among specific industries in AMEA, FedEx Express indirectly contributed an estimated $1 billion to the critical $9 trillion Manufacturing sector.3 The company’s indirect contribution to the Transportation, Storage, and Communications sector4 was estimated as $772 million.

“The AMEA region has an increasingly prominent position in the global economy. We are committed to supporting the growth we are seeing here by investing in our facilities and network. Both directly and indirectly, our work supports a growing number of jobs in the wider economy, and we want that to continue,” said Kawal Preet, President, Asia Pacific, Middle East, and Africa region, FedEx Express. “Our focus is on our customers and creating greater access to the possibilities that global trade brings. We believe that creating an even more connected and sustainable future will strengthen 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 AMEA region, making significant contributions to the small- and medium-sized enterprise market. Additionally, the company’s expansion of new facilities in the region has greatly enhanced its sorting and storage capabilities, while digitalization initiatives and innovation empower its smart logistics network and value in the global supply chain ecosystem.