FedEx is gearing up for yet another busy holiday season in the Asia Pacific, Middle East and Africa (AMEA) region by strengthening its network and e-commerce capabilities.
In a statement, the express transportation company said in the AMEA region, it has taken steps including workforce additions, facility expansions, network optimization, and innovative e-commerce solutions to meet the needs of consumers during the peak holiday surge.
“The e-commerce boom accelerated by Covid-19 is expected to continue. Global online spending is estimated to increase by 11% year-on-year to $910 billion during the upcoming holiday season,” it said.
The statement said in the Asia Pacific region that accounts for more than 60% of online retail sales, online shopping has already picked up in China’s Singles’ Day Fest which will spur further growth of online retail across the rest of the AMEA region.
In Southeast Asia, about 40% of e-tailers said festive season sales represent the bulk of their annual sales. In the Middle East and Africa, 22% of consumers are ready to shop online during peak shopping events.
Kawal Preet, president, Asia Pacific, Middle East and Africa (AMEA) region, FedEx Express advised shoppers to shop ahead of the holiday shopping season.
“It’s never too early to plan ahead – shop early and ship early. This is especially true this upcoming holiday season with record-breaking shipping volumes on the horizon. In fact, nearly half (48%) of consumers worldwide plan to start their holiday shopping early this year, including 21% who had already started shopping in September,” she said.
“At FedEx, we are gearing up our efforts to help e-tailers win the e-commerce race while navigating the complex supply chain landscape. With our expanded network, improved service reliability and suite of e-commerce solutions, businesses including e-tailers now have the right tools at the right moment to delight their customers through fast, flexible, cost-efficient, and seamless deliveries this festive season.”
Preet said with the exponential growth of e-commerce and the soaring shipping volumes associated with it, FedEx is expecting the 2021 peak season to meet or exceed the unprecedented 2020 holiday season.
“Supply chain challenges, including ocean freight, are also adding to the demand for air cargo capacity as businesses replenish stock levels in time for the holiday season. In the AMEA region, the company has taken steps including workforce additions, facility expansions, network optimization, and innovative e-commerce solutions to meet the needs of consumers,” she added.
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