FedEx Trade Index: Small Businesses See U.S. Trade as Driver of Overall Economic Growth
October 24 2019 - 10:00AM
Business Wire
Small business leaders increasingly view U.S. participation in
global trade as the way to improve the overall economy and create
American jobs, according to results of the fifth FedEx Trade
Index(1), a survey of more than 1,000 small business leaders which
tracks the impact of international trade among the small business
segment of the U.S. economy.
The survey *, commissioned by FedEx Corp. (NYSE: FDX) and
conducted by Morning Consult, finds a substantial majority of U.S.
small business leaders (82%) see increasing U.S. trade as
beneficial to the overall economy, and three out of four (75%)
small business decision makers said selling goods online to
international customers is important to the growth of their
business.
When asked about the impact of fees and tariffs on the growth of
their business, 80% said there has been some degree of impact.
Nearly three in four (74%) businesses surveyed said that expanding
opportunities between the U.S. and customers in other countries
will increase job growth in the U.S.
“FedEx knows that simplifying and expanding global trade is
essential to our customers’ success. The results of the latest
FedEx Trade Index confirm the negative impact of tariffs on small
business growth,” said Brie Carere executive vice president, chief
marketing and communications officer, FedEx Corp. “We believe
everyone benefits when it’s easier to bring new ideas and products
to the global market. Breaking down trade barriers is essential to
creating new opportunities for our small business customers.”
Additional insights include:
- Nearly four in five small business decision makers (79%) in the
United States support NAFTA.
- Sentiment for the U.S. Mexico Canada Agreement (USMCA) is even
higher with 84% of small business managers in the United States
expressing their support of USMCA.
[1] The FedEx Trade Index is a national survey of more than 1000
small business leaders conducted by Morning Consult. Respondents
included business owners and executives at companies with between
two and 500 employees. It was conducted Sept. 12-16, 2019. The
margin of error for the full sample is +/-3%.
For more: Survey Results
Infographic
Previous FedEx Trade Index releases: *FedEx SME Trade Index #1
Fall 2016 *FedEx SME Trade Index #2 Spring 2017 *FedEx SME Trade
Index #3 Winter 2018 *FedEx SME Trade Index #4 Summer 2018
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 $70 billion, the company
offers integrated business solutions 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 450,000
team members to remain 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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Isabel Rollison isabel.rollison@fedex.com 202-892-3930
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