Nurturing The Next Generation Of Young Entrepreneurs
Six Students Impress at the Singapore FedEx Express/Junior Achievement International Trade Challenge
SINGAPORE, July 9, 2016 — FedEx Express, the world’s largest express transportation company and a subsidiary of FedEx Corp. (NYSE: FDX), today announced the winners of the Singapore FedEx Express/Junior Achievement International Trade Challenge (FedEx/JA ITC) 2016.
The three pairs of student business teams who will represent Singapore to compete against teams from seven other countries in the Asia Pacific FedEx/JA ITC in Hong Kong from August 7 to 11, 2016 are:
- Colin Chee and Tan Jie Ying – Singapore Polytechnic
- Jasmine Cheong and Jerrlyn Neo – Nanyang Polytechnic
- Jasmine Ong and Jaz Neo – ITE College Central
The finalist teams presented their ideas to a judging panel composed of FedEx and Junior Achievement representatives who evaluated them on their innovative ideas on how jeans could be repurposed into new innovative products. The winning teams were assessed based on the originality of their project, depth of research undertaken for their business plans as well as the feasibility of their idea. Outshining twelve other teams, they received book vouchers and a cash prize, in addition to the opportunity to compete in the regional finals.
“It’s heartening to see brilliant young minds at work and witness the transformation of the preliminary ideas into solid business plans within a matter of weeks,” said Khoo Seng Thiam, managing director, FedEx Express Singapore. “Every year, the ITC program continues to reinforce our commitment to help equip aspiring young entrepreneurs in Singapore with the essential skills to hone their business acumen.”
“In its ninth year, the students have exceeded our expectations once again. The outstanding quality of submissions this year has taken the competition to new heights and we couldn’t be more pleased,” said Ng Hau Yee, director, Junior Achievement Singapore.
Since its launch in Singapore in 2008, the FedEx/JA ITC has attracted more than 3,303 students nationwide, with 54 Singapore students representing the country at the regional challenge. The program aims to encourage aspiring entrepreneurs to showcase their originality, creativity, and flair for business.
About the FedEx Express / Junior Achievement International Trade Challenge
Designed to foster business knowledge through practical teamwork exercises and classroom learning, the FedEx Express / Junior Achievement program comprises two key activities – the International Trade Workshops and the International Trade Challenge.
To enter the FedEx Express / Junior Achievement International Trade Challenge, the teams have to develop a specific product and create an original international marketing plan for a designated country. Through this process students work as teams of two and gain first-hand experience of what roles world trade, product distribution, and sales play in a market environment. In addition to teamwork, participating students learn about the basics of risk evaluation in the business world and gain confidence in their analytical ability.
About FedEx Express
FedEx Express is the world’s largest express transportation company, providing fast and reliable delivery to more than 220 countries and territories. FedEx Express uses a global air-and-ground network to speed delivery of time-sensitive shipments, by a definite time and date with a money-back guarantee.
About FedEx Corp.
FedEx provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of $58 billion, the company offers integrated business applications through operating companies competing collectively and managed collaboratively, under the respected FedEx brand. Consistently ranked among the world’s most admired and trusted employers, FedEx inspires its more than 400,000 team members to remain “absolutely, positively” focused on safety, the highest ethical and professional standards and the needs of their customers and communities. For more information, please visit www.fedex.com
About JA Worldwide (Junior Achievement)
JA Worldwide is one of the world’s largest organizations dedicated to inspiring and preparing young people to succeed in a global economy. Through a dedicated volunteer network, Junior Achievement provides in-school and after-school programs for students which focus on three key content areas: work readiness, entrepreneurship, and financial literacy. Today, 10.6 million students are served by JA Worldwide operations in 118 countries. For more information, visit www.jaworldwide.org.
NOTE TO EDITORS: FedEx Express press releases are available on the World Wide Web at http://news.fedex.com.
For further information, please contact:
Arlyn Samaniego of FedEx Express
Phone: +65 6390 5574
Andrew Cheong of Edelman
Phone: +65 6347 2342
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