FedEx Express, a subsidiary of FedEx Corp., has unveiled the results of a new global research study, which offers valuable insights into the import and export behavior of small businesses in Asia Pacific and around the world.
The survey reveals that small- and medium-size enterprises (SMEs) in Asia Pacific that export goods are capitalising on the growth potential of other markets in the region. While they already derive an average of more than two-thirds (68 per cent) of their revenue from exports in general, the study reveals the growth potential SMEs see in other markets within the region: 47 per cent of them predict that their revenue from intra-regional exports will grow in the next 12 months, with the average level of growth predicted to be a very healthy 22 per cent.
The study also reveals a sense of optimism among the SMEs that is largely fueled by e-commerce potential. Eighty per cent of the region’s SME exporters already leverage e-commerce to sell to other markets, and 44 per cent of them foresee growth in e-commerce revenue in the next 12 months.