FedEx Trade Index: 8 in 10 Small Businesses Say Trade Will Improve the U.S. Economy
May 08 2017 - 8:52AM
Business Wire
An increasing majority of U.S. small business leaders
overwhelmingly view global trade as beneficial to Americans. FedEx
Corp. (NYSE: FDX) has released results of the second FedEx Trade
Index(1), a national survey of over 1,000 small business leaders
which tracks the impact of international trade among the small
business segment of the U.S. economy.
The results of the second survey*, commissioned by FedEx and
conducted by Morning Consult, finds a significant majority (84%) of
small business leaders say expanding trade between the U.S. and
other countries is a good thing, up from 77% last year. Similarly,
8 in 10 small business leaders (80%) say increasing global trade
will improve the U.S. economy overall, up from 71% in the 2016
Index. Three out of four small business leaders (76%) also agree
increasing global trade will create opportunities and U.S. jobs,
compared to 69% in September 2016.
“These results show even more American small business leaders
support expanding trade than last year,” said Raj Subramaniam,
executive vice president, Chief Marketing and Communications
Officer, FedEx Corp. “One thing is certain - small business leaders
continue to view the growth of global supply chains and trade as
beneficial to American workers.”
Additional insights from the survey include:
- Nearly 3 out of 4 (74%) of small
business leaders say access to foreign components and parts are
necessary for the U.S. to be competitive.
- Nearly 90% of small business leaders
now say the U.S. must do a better job of retraining its workforce
to meet the needs of today’s economy.
“Retraining U.S. workers is a critical part of keeping the
American economy expanding and competitive in global markets,”
added Subramaniam. “FedEx is a strong supporter of continued
efforts to strengthen job retraining programs throughout the United
States.”
[1] The FedEx Trade Index is a national survey of 1592 small
business leaders conducted by Morning Consult. Respondents included
business owners and executives at companies with between two and
500 employees. It was conducted from March 9-21, 2017. The margin
of error for the full sample is +/-2%.
*FedEx SME Trade Index #1 Fall 2016
*FedEx SME Trade Index #2 Spring 2017
For more: Survey ResultsInfographic
About FedEx
FedEx Corp. (NYSE: FDX) provides customers and businesses
worldwide with a broad portfolio of transportation, e-commerce and
business services. With annual revenues of $58 billion, the company
offers integrated business applications through operating companies
competing collectively and managed collaboratively, under the
respected FedEx brand. Consistently ranked among the world's most
admired and trusted employers, FedEx inspires its more than 400,000
team members to remain "absolutely, positively" focused on safety,
the highest ethical and professional standards and the needs of
their customers and communities. To learn more about how FedEx
connects people and possibilities around the world, please visit
about.fedex.com.
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FedEx CommunicationsAshley Allen,
202-430-1643ashley.allen@fedex.com
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