FedEx Report: Southeast Asia Has the Greatest Potential for Trade Growth
Jayson 28 May 2024 12:23
FedEx and Forbes Insights released the latest research report, which provides an in-depth analysis of the cross-border growth trends of small and medium-sized enterprises in the Asia-Pacific region in the next three years.
The report shows that although up to 88% of the respondents stated that they are committed to expanding customers in the global market, business leaders in the Asia-Pacific region also generally feel that business exchanges with partners, suppliers and customers in European, North American and South American markets are limited. of increasing difficulty.
Pei Jiahua, President of FedEx Asia Pacific, Middle East and Africa, said: "Our survey data clearly points out that economic weakness and global competition have become the most pressing business challenges currently faced by small and medium-sized enterprises in Asia. Against this background, small and medium-sized enterprises Focusing more on intra-Asia trade is undoubtedly a wise strategic choice.”
It is worth noting that the report further reveals that despite the challenges, the Southeast Asian market still shows strong growth momentum, with a growth rate higher than that of many regions around the world.
The report shows that although up to 88% of the respondents stated that they are committed to expanding customers in the global market, business leaders in the Asia-Pacific region also generally feel that business exchanges with partners, suppliers and customers in European, North American and South American markets are limited. of increasing difficulty.
Pei Jiahua, President of FedEx Asia Pacific, Middle East and Africa, said: "Our survey data clearly points out that economic weakness and global competition have become the most pressing business challenges currently faced by small and medium-sized enterprises in Asia. Against this background, small and medium-sized enterprises Focusing more on intra-Asia trade is undoubtedly a wise strategic choice.”
It is worth noting that the report further reveals that despite the challenges, the Southeast Asian market still shows strong growth momentum, with a growth rate higher than that of many regions around the world.
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