Shanghai, China, 3 November 2021 — FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX) and one of the world’s largest express transportation companies, is once again geared up for the China International Import Expo (CIIE). The company will leverage the Expo to demonstrate its strengths and advantages with the theme of “Go Green,” “Go Digital,” and “Efficiency”.
At this year’s CIIE, FedEx will set up a fully open booth in the “Service Trade” section, including different functional spaces to display the company’s key information, promote special shipments and hold interactive games. The booth will have engaging activities, including car racing, projected animations to allow visitors to virtually experience FedEx services, and displays of FedEx achievements, digital innovation and sustainable development. FedEx is also testing an autonomous delivery vehicle in China that will be showcased at the booth.
“FedEx has been a firm advocate and facilitator of global trade,” said Eddy Chan, senior vice president & president FedEx China. “Over the past 40 years in China, we have remained committed to connecting China and the global market using our network, capacity, and technological innovation. This year’s Expo takes place at a time when China is extensively building its new ‘dual circulation’ development model. It is also a time when connectivity and exchange are significant in empowering the recovery of the global economy. We therefore consider CIIE an important platform to further tap into potential business opportunities and hope to show buyers at home and abroad the advantages of our network, innovation, sustainable development and our support of key areas of the economy, including as e-commerce and small- and medium-sized enterprises.”
Sustainable development
As a pioneer of sustainable logistics and a firm practitioner of sustainable development, in March this year FedEx announced an ambitious goal to achieve carbon-neutral operations globally by 2040. To help reach this goal, FedEx is designating an initial investment of more than US $2 billion in three key areas: vehicle electrification, sustainable energy and carbon sequestration. In China, with key initiatives including vehicle electrification, sustainable facilities and paperless shipping, FedEx is on the way to reducing the carbon footprint of its operations and attain sustainable development.
Digital innovation
In the first three quarters of 2021, China’s GDP grew by 9.8%[1] year-on-year, with the country’s foreign trade in goods totaling RMB 28.33 trillion, up by 22.7%[2] year-on-year.
Foreign trade has become one of the most dynamic and fastest-growing sectors in China’s economy[3]. In particular, the scale of cross-border e-commerce has increased nearly 10 times in five years[4], making it a new driver for foreign trade growth.
FedEx recently launched several new services that support cross-border e-commerce, including
- FedEx® International Connect Plus (FICP), a new FedEx Express International, day-definite, e-commerce shipping service that combines competitive speed with attractive prices.
- Innovative Compatible and Alliance programs, which integrates with leading e-commerce technology platforms and enables e-tailers to gain instant access to enhanced and affordable shipping solutions, helping them to sell effortlessly on e-commerce platforms.
Meanwhile, FedEx continues to develop digital solutions and advance the online shipping process through solutions such as:
- FedEx Ship Manager, a paperless shipping tool that substitutes handwritten waybills.
- FedEx Electronic Trade Documents (ETD), which allows customers to upload global trade documents electronically instead of printing and issuing duplicates for each shipment.
- FedEx Online Declaration Tool, which was developed by the FedEx China team to enable customers to submit trade information electronically when exporting goods.
Efficiency and reliability
FedEx has been proactively expanding its air network and constantly improving its capacity to cater to growing international trade demands. Since June 2021, FedEx has launched six new international flights departing from APAC, resulting in an increase of 62 flights in and out of APAC per week that provide additional capacity to carry almost 2,700 tons. These added flights contribute to a total of more than 300 weekly flights in and out of China, supporting the business connection of the country with its key trade partners including the EU and the U.S.
FedEx also increased its intra-Asia network capacity by replacing Boeing 757 narrow body freighters with Boeing 767 wide-body freighters. The FedEx Boeing 767 freighter offers a maximum gross payload capacity of nearly 60,000 kgs, building on current FedEx operational strength. At the same time, the wide-body aircraft provides 38% more fuel efficiency. This has almost doubled the FedEx cargo capacity to Asia markets including Indonesia, Vietnam, Thailand and the Philippines, enabling Chinese customers to seize opportunities in the Southeast Asian market effectively.
Using its own fleet, FedEx has been providing sufficient capacity for the cross-border transport of emergency medical supplies and customers’ goods, effectively contributing to the stable operations of the global supply chain since the outbreak of COVID-19. In the first year and a half of the pandemic, FedEx delivered approximately 110,000 tons of personal protective equipment and other healthcare supplies around the globe to help contain the pandemic.
[1] http://www.stats.gov.cn/tjsj/zxfb/202107/t20210716_1819540.html
[2] http://www.stats.gov.cn/tjsj/zxfb/202110/t20211018_1822960.html
[3] https://www.fmprc.gov.cn/ce/cohk/chn/xwdt/zt/zgzfbps/t951290.htm
[4] http://www.xinhuanet.com/fashion/20210906/75e353dddb3a47289c984762d9e551b1/c.html