posts tagged with Economics

China, India, Mexico and more: A global e-commerce discussion with Raj Subramaniam

access25-sq-highres.png In our ongoing Access series exploring the links between connectivity and innovation, we spoke with Raj Subramaniam, executive vice president, marketing and communications, FedEx Services.

ACCESS: What is the relationship between increased global connectivity and innovation?

Raj Subramaniam: We wouldn’t have global connectivity without first having innovation. As we have progressed...

Get ready for the (next) Asian trade revolution

Picture_1.jpg.jpeg When I moved to Asia in 1994, the most common shipment was electronics.

Think big and expensive. The first, mass-produced PCs were spreading like wildfire, and innovations like the “personal communicator” – dubbed “bricks” due to their size and weight – were starting to take off.

I vividly remember those days. Around five years earlier, I’d been involved in the FedEx purchase of Asia’s Flying Tigers airlines, which as far back as the 1940s was known by its tagline – “We haul anything anywhere.” It was a critical acquisition for us because it gave us the air rights and the authority to connect Asia globally.

But there was a much different tiger on the scene by the time...

Smarter, Modern Global Policies That Cut Trade Barriers Are the Answer – Reporting Back From the APEC CEO Summit

apec-sq.jpg I had the pleasure of participating in the 2013 CEO Summit for the Asian Pacific Economic Cooperation (APEC) in Bali, Indonesia earlier this month. This gathering took place alongside APEC’s annual meeting of leaders from 21 of the world’s most dynamic economies. They made important progress to advance the future of global trade – the underpinning of innovation, entrepreneurship, jobs and sustainable growth.

While the last five years have been difficult in the wake of the global financial crisis, more people are back to work and small and medium-sized businesses are beginning to grow again. Still, businesses today, and especially smaller businesses, continue to confront a complex spaghetti bowl of overlapping rules and competing regulation that hinders innovation and development, including expensive tariffs and confusing and lengthy customs approval processes to get their products into consumers’ hands.

Trade, FedEx & the APEC CEO Summit

...For FedEx, one of the key issues is how we help Asia grow faster by simplifying e-commerce trade. In this regard, how we better empower small and medium-sized businesses is crucial.

While Asia Pacific is the fastest growing e-commerce market in the world, it’s thought that SMEs still only generate around 30% of all exports.

Much of the hesitation comes from the daunting nature of export regulations, and rising complexity of customs. Now, more than ever, small business needs a level playing field that enables them to tap into the billions of people entering Asia’s new global middle class...

Creating Access for Growth

Subic Bay Industrial Park-sq.jpg On a recent trip abroad, I saw beautiful furniture pieces that stood out for the precision of their construction. I was pleasantly surprised to learn that they were made in Cebu, Philippines. Cebu is a region full of skilled craftsmen whose works are now being appreciated in houses worldwide.

At a time when trade is already driving world economies, it is still exciting that individuals —particularly those from far-flung and remote locations — are now capable of bringing their work to the world stage. This improves livelihood opportunities on a small scale, but factor in the multiplier effect as it extends across communities, and it can now directly impact the economy.

Here, one element is crucial: Access...