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Essay on FedEx and the Market They Are In
In the words of FedEx chairman, he states that:
“FedEx sees a global marketplace with expanded access to goods, services and information. It's good for individuals, good for businesses and good for nations. Countries with higher levels of access consistently have higher growth rates for GDP and per capita income, and as world GDP continues to expand, global trade is expected to increase twelve fold over the next three decades.
ore than two decades ago, we envisioned China as a nexus of global supply and demand. FedEx Express became the first all-cargo carrier to enter that market in 1984 and now operates more all-cargo flights to and from China than any other U.S. airline. In FY05, FedEx Express launched the express industry's first direct flight from mainland China to Europe. The westbound around-the-world flight is the initial phase of a plan that extends the company's global connectivity leadership. This flight will further enhance our service offerings between the fastest growing economies in both markets. In FY09, we also plan to open a new hub at the Guangzhou Bauyun International Airport in southern China to better serve our global customers doing business in and with the fast-growing China and Asia-Pacific markets.
In addition to improving access to our physical transportation networks, our vision also calls for improved access to information. Last November, fedex.com celebrated its 10th year and exceeded the one-billion mark for packages tracked online. When it comes to technology solutions, one of our greatest successes this year was the launch of File, Print FedEx Kinko's, a software enhancement to the Microsoft Office Suite that turns the "print" function into a direct link to any U.S. FedEx Kinko's Office and Print Center.
Our entire Information Technology organization has stepped back to look at the bigger picture, taking on a major transformation to enable us to deliver faster business solutions and improve return on investment....
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