FedEx Getting Ready For eCommerce Growth
As eCommerce continues to grow, other industries are also preparing for the big growth that’s comes with it. Service companies such as service deliveries are one of those that are preparing for this, as it’s anticipated that more people will be ordering online.
Check Out These Resources
- Do you need a business bank account for your online business? Take a look at our review of the five best bank accounts for sellers, some of which are free with no minimum balance or deposits. [sponsored]
- Boost your social media engagement with Publer. Learn how you can save time writing engaging content faster with AI. [sponsored]
- Could your online business use capital for growth? Here is a primer on revenue-based loans, and how they work.
One of those delivery companies anticipating this growth is FedEx. The company is set to open one of its largest facilities in Shanghai, China. This is in anticipation of growth in eCommerce not only in China, but around the world.
FedEx Global Growth
The growth of air cargo in China has risen as there are more demands for cross-border trading. This is in part due to the growth of online retailers.
More people are ordering online, which has driven more transactions. This will not likely slow down, as China’s air cargo volume is expected to increase to 6.2% in 2018.
“With the wealth of Chinese consumers, and the worldliness of Chinese consumers, they’re going to demand goods from the U.S. and Europe and parts all over the world,” David Cunningham, CEO of FedEx.
The new hub will be huge at a size of 134,000 square meters. This is to facilitate many goods and packages that are expected to come as more people shop and order online. Not only is it FedEx that is interested in the Chinese market.
Competitor United Parcel Service (UPS) is setting up a partnership with Chinese delivery company SF Holding Co.
This growth in eCommerce is helping then not only online retailers, but service providers that are connected to it as well. Delivery companies stand to benefit from all the traffic that is being generated by online shoppers worldwide.
Demand as well as more online retailers coming out will only see eCommerce continuing to grow this 2018 and beyond.
What other service providers might stand to benefit from this eCommerce growth? Post in the comment section below.
Subscribe to Our Newsletter
We do not sell your information.
You can unsubscribe at any time.
Head over to our Facebook Group for Small Business Marketplace Sellers and interact with us and other small business owners. Follow us on Facebook, Twitter, or LinkedIn to stay up to date with relevant news and business insights for your online business.
Dave Furness
Dave is a Co-Founder of eSeller365. For over 10 years he has been involved with eCommerce with a particular interest in the marketplaces and the huge opportunities available for sellers when utilizing a multi-channel strategy. After a year of being the UK’s youngest eCommerce consultant, he built an education platform called UnderstandingE that showed the world how to utilize Magento as the “Third Generation of Multi-Channel software”.
Dave has also created a YouTube channel dedicated to entrepreneurship and eCommerce as well as a podcast dedicated to mental health awareness. When Dave isn’t working his main interests include learning and playing Chess, researching the Crypto and NFT space, and trying to find the nearest beach.