Dun & Bradstreet Measures FedEx Effect
FedEx released the findings from its
2022 report that analyzed the company’s
impact on the global economy with key regional and market-specific analyses from
around the world at the conclusion of its 2022 fiscal year (FY 2022). The
report, produced in consultation with Dun & Bradstreet analyzed the impact FedEx
has on economies around the world. Over the past 49 years, FedEx has expanded
its services to more than 220 countries and territories and invested in a global
network enabling businesses of all sizes to access and grow the global economy.
The report found that FedEx played an integral role in helping businesses
recover from the pandemic while overcoming strained supply chains and economic
challenges. With nearly 550,000 employees worldwide, FedEx moved an average of
16 million shipments each day through its 5,000 facilities in FY 2022. The
company’s network optimization and investments improved efficiency and capacity
for FedEx customers.
“All around the world, FedEx helped individuals, businesses, and communities
emerge from the pandemic by moving goods and providing services that connect
humankind and power the global economy,” said Raj Subramaniam, President and
CEO, FedEx Corporation. “The report illustrates the ongoing and important work
we do every day, including supporting small- and medium-sized businesses which
are the backbone of our local communities. We call this, the ‘FedEx Effect.’”
Measuring the FedEx Effect:
The shipping and logistics company plays a role in fueling innovation,
creating, and supporting local jobs, as well as helping lift individuals and
their communities regionally and in major markets around the world.
FedEx worked with 360,000 suppliers globally who employed more than 16.5
million individuals. These businesses, many of which are small businesses,
created significant economic activity within their local or regional markets and
had a combined annual revenue of $700 billion.
FedEx global economic activity supported 193,000 additional jobs beyond the
FedEx worldwide employee base in FY 2022, which is 20,000 more jobs than FedEx
indirectly supported in FY 2021.
Small businesses made up 88% of the FedEx supply chain, and more than half of
the FedEx supply chain spend in each region went to small businesses — which
collectively supported roughly 810,000 small business jobs around the world.
In FY 2022, FedEx invested $6.8 billion — a 15% increase over FY 2021 — in
facility improvements, network optimization and infrastructure improvements,
which correlated to direct economic growth in the respective markets.
company’s presence in the United States spans from California to New York,
Alaska to Florida with delivery services to every U.S. ZIP code and has a
significant impact on the U.S. economy and jobs. In FY 2022, FedEx employed over
412,000 U.S. team members and contributed roughly 12% of the total output of the
U.S. Transportation and Logistics sectors.
FedEx fleet and facility modernizations over the last year improved productivity
and delivered network efficiencies that provided customers with better service.
This business activity led to $8.5 billion worth of indirect economic growth in
the U.S. economy and supported nearly 50,000 additional jobs beyond its
employment base. For more information on FedEx’s state and local market impacts,
view the full report here.
In April 2022, FedEx was named one of the 100 Best Companies to Work For by
Great Place to Work® and Fortune magazine — the 15th year that FedEx has been
included on this prestigious list.
“Over decades we’ve built the infrastructure — both physical and digital — to
meet the needs of our customers and deliver to every community in the U.S.,”
said Brie Carere, Executive Vice President and Chief Customer Officer, FedEx
Corp. “As the country emerged from the pandemic, our network of facilities and
team members provided customers with excellent service and supported economic
growth and recovery.”
The report shows how FedEx contributes to the communities where its team members
live and work through charitable contributions and direct efforts to deliver a
more sustainable future. In FY 2022, FedEx donated over $86 million to charities
and local non-profits. The company also served as a critical conduit for food
and aid deliveries and donations to Ukraine and Shanghai, among others. It also
shows how the company is committed to connecting the world responsibly, through
its stated goal of carbon-neutral operations by 2040 and pursuit of investments
in renewable energy to power its operations.