FedEx Express, a subsidiary of FedEx Corp., unveiled a series of new integrations with leading e-commerce technology platforms across the Asia Pacific region which will substantially benefit e-tailers or e-commerce sellers.
This development comes at a time when small and medium-sized enterprises (SMEs) are seeing significant demand for e-commerce services and day-definite international express delivery services, especially with the upcoming year-end peak season.
In a statement, FedEx noted that changing consumer behavior resulting from the pandemic is spurring online transactions and e-commerce growth like never before.
It also cited how the Asia Pacific region is generating nearly two-thirds (64%) of global e-commerce spending.
In Hong Kong, the value of online retail sales accumulated in the first seven months of 2021 is provisionally estimated to increase by 50.6% year on year.
"Just as shoppers have switched to purchasing online, so have businesses. More retailers are increasing their investment and engagement in online channels to capture consumer demand, resulting in increased demand for logistics support," FedEx said.
According to McKinsey, the Asia e-commerce logistics market will account for 57% of total market growth from 2020 to 2025.
FedEx said to date, it has integrated with 17 platforms, allowing hundreds of thousands of e-merchants across Asia Pacific direct access to FedEx services, using their FedEx account number, to manage shipments and grow cross-border their e-commerce business.
"The e-commerce sector has only gotten stronger as a result of the pandemic, leapfrogging traditional commerce by as much as five times. As the holiday season approaches, consumers are spending even more online," said Kawal Preet, president, Asia Pacific, Middle East, and Africa Region, FedEx Express.
To help e-tailers tap the growing demand, she noted that FedEx Express is making its services more accessible to e-tailers and SMEs globally.
"Our collaboration with leading e-commerce platforms is an important step toward building a robust e-commerce ecosystem where small businesses can enjoy the same services as large retail brands, thereby leveling the playing field," Preet added.
