abhishreshthaa
Abhijeet S
Pest Analysis On FedEx Corporation : FedEx Corporation (NYSE: FDX), originally known as FDX Corporation, is a logistics services company, based in the United States with headquarters in Memphis, Tennessee.[1] The name "FedEx" is a syllabic abbreviation of the name of the company's original air division, Federal Express, which was used from 1973 until 2000.
POLITICAL
In UK, courier and express services are of vital importance to the efficiency and growth of the UK economy. With UK's geographical position which is away from the centre of continental Europe, fast and effective delivery services are essential for UK businesses involved in international trade. Despite the recent global economic slowdown, the courier and express industry had a 3% growth rate between 2001 and 2002, with a market turnover of £4.2bn in 2002.
ECONOMICAL
In addition, since then the courier services sector has outperformed the express logistics sector in terms of turnover growth. The demand for courier and express services is derived from businesses in the manufacturing and services industries. Therefore, the economic performance of these industries strongly affects the success of the courier and express industry. Advances in technology and the increasing use of e-commerce, combined with the courier and express sector's commitment to investing in IT, and have cushioned the industry from the worst effects of the recent global slowdown.
This is because it has been able to offer added-value services and retain key customers at the top end of the courier and logistics market. The courier services sector has been benefiting from the recent growth in demand for home deliveries generated from Internet retail sales. Rising demand for air courier services to developing economies has also boosted the sector in recent years.
SOCIAL
However, increased security measures for air freight have increased costs for the sector's air freight operations. The express logistics sector, through its added-value services, has fared better than the road freight industry. Nonetheless, a raft of government measures to tackle environmental pollution and congestion have increased costs for the, largely road-based, express logistics sector.
TECHNOLOGICAL
In the short to medium term, the courier and express industry is likely to grow steadily, in line with the rest of the UK economy. Increasing use of Internet shopping services is likely to boost demand for home deliveries. However, problems of congestion on the UK's roads and in the skies, along with the range of new environmental controls currently being introduced for road transport, are likely to create extra costs for the industry.
POLITICAL
In UK, courier and express services are of vital importance to the efficiency and growth of the UK economy. With UK's geographical position which is away from the centre of continental Europe, fast and effective delivery services are essential for UK businesses involved in international trade. Despite the recent global economic slowdown, the courier and express industry had a 3% growth rate between 2001 and 2002, with a market turnover of £4.2bn in 2002.
ECONOMICAL
In addition, since then the courier services sector has outperformed the express logistics sector in terms of turnover growth. The demand for courier and express services is derived from businesses in the manufacturing and services industries. Therefore, the economic performance of these industries strongly affects the success of the courier and express industry. Advances in technology and the increasing use of e-commerce, combined with the courier and express sector's commitment to investing in IT, and have cushioned the industry from the worst effects of the recent global slowdown.
This is because it has been able to offer added-value services and retain key customers at the top end of the courier and logistics market. The courier services sector has been benefiting from the recent growth in demand for home deliveries generated from Internet retail sales. Rising demand for air courier services to developing economies has also boosted the sector in recent years.
SOCIAL
However, increased security measures for air freight have increased costs for the sector's air freight operations. The express logistics sector, through its added-value services, has fared better than the road freight industry. Nonetheless, a raft of government measures to tackle environmental pollution and congestion have increased costs for the, largely road-based, express logistics sector.
TECHNOLOGICAL
In the short to medium term, the courier and express industry is likely to grow steadily, in line with the rest of the UK economy. Increasing use of Internet shopping services is likely to boost demand for home deliveries. However, problems of congestion on the UK's roads and in the skies, along with the range of new environmental controls currently being introduced for road transport, are likely to create extra costs for the industry.
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