Continuous expansion of the FedEx® International Connect Plus (FICP) sets to fuel cross-border e-commerce growth within Southeast Asia
FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX) and one of the world's largest express transportation companies, has expanded FedEx® International Connect Plus (FICP), an international, day-definite, e-commerce shipping service that combines competitive speed with attractive prices to four more markets across the Asia Pacific, Middle East and Africa (AMEA) region, including Indonesia, New Zealand, the Philippines, and Vietnam.
The broader coverage of FICP is FedEx latest effort to support the robust development of e-commerce in the AMEA region. Led by three of the fastest-growing markets – the Philippines, Indonesia and Vietnam, e-commerce sales in Southeast Asia will reach $100 billion by 2023. The e-commerce market in New Zealand is also forecast to grow 6% each year up to 2025.