Cambodia, Phnom Penh, October 13, 2022 — FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX) and one of the world’s largest express transportation companies, announced it is establishing a direct commercial presence in Cambodia, to meet the country’s growing international shipping demands.
With a direct presence in the country, businesses in Cambodia gain greater access to a wider portfolio of FedEx shipping solutions, while the local service provider continues to provide the local infrastructure for ground operations. Local customers will have access to a range of FedEx digital tools that makes shipping easier and more efficient through the FedEx website. This includes opening a new account, tracking shipment status in real time, creating shipping air waybills, scheduling courier pickups, and managing billing. Additionally, FedEx will now have dedicated Sales and Customer Service team members on ground to interact and provide enhanced logistics expertise to help local businesses grow their cross-border trade.
Economic recovery in Cambodia is gathering speed with exports up 20% over the same period last year [1], reaching USD $27 billion during the first half of 2022.
“FedEx continues to enhance its presence and services in emerging Southeast Asia markets like Cambodia to support the growth of small and medium sized enterprises (SMEs). Southeast Asia is one of the world’s fastest growing regions and its young and increasingly urbanized population is estimated to grow by 140 million new consumers by 2030 [2],” said Kawal Preet, president of the Asia Pacific, Middle East, and Africa, FedEx Express. “Many of Cambodia’s biggest trading partners are located beyond the Asia region, in North America and Europe [3] making a network like ours essential to provide greater access to international markets. As Cambodia’s stature in global trade continues to grow, its businesses need a more comprehensive range of services to help fuel the local economy.”
“Expanding our direct presence in Cambodia enables us to be closer to our customers and deliver greater support for their international shipping needs. With a dedicated FedEx support team offering logistics expertise and access to an extended portfolio of time-definite international shipping services, we’re making shipping easier for Cambodian customers as they look to export to more international markets,” said Hardy Diec, managing director, FedEx Express Indochina.
FedEx has been facilitating trade in Cambodia since 1994, offering international shipping solutions and connectivity through local service provider TSP Express. FedEx supports Cambodia’s coordinated efforts outlined in its Industrial Development Policy 2015 – 2025 to build an efficient transportation network to drive the country’s future economic growth. [4] The FedEx direct presence in the country will help local businesses trade with ease and expand their reach to over 220 countries and territories that FedEx serves.
[1] https://www.phnompenhpost.com/business/phnom-penh-sez-logs-29-export-growth-jan-jul
[2] https://www3.weforum.org/docs/WEF_Future_of_Consumption_in_Fast_Growth_Consumer_Markets_ASEAN_2020.pdf
[3] https://tradingeconomics.com/cambodia/exports
[4] https://www.adb.org/sites/default/files/institutional-document/529231/cambodia-transport-assessment-strategy-road-map.pdf