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FedEx Trade Index: As U.S. Small Businesses Rebound from Pandemic, Trade Viewed as Opportunity at Both Company and Country Level
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The latest FedEx Trade Index reveals that e-commerce has been pivotal for U.S. small businesses during the pandemic. A survey of 1,000 small business leaders shows that 75% view expanding international trade positively, with 45% reporting revenue increases. Additionally, 62% expect their income to rise in the coming year. However, while 82% acknowledge corporate responsibility towards environmental sustainability, only 53% feel the government adequately supports their sustainability efforts. The data was collected by Morning Consult from October 11-14, 2021.
Positive
75% of small business leaders view expanded trade positively.
45% of respondents report increasing revenue, a 9% rise from last year.
62% expect their income to increase in the next year.
Negative
Only 53% believe the government provides enough resources for sustainability.
Small business leader sentiment on sustainability reflects increased global focus on climate issues
WASHINGTON--(BUSINESS WIRE)--
A shift to e-commerce has helped many U.S. small businesses weather the pandemic, but e-commerce platforms are also viewed as the most important tool for these businesses to increase their global reach, according to the latest FedEx Trade Index (1).
In this survey of 1,000 U.S. small business leaders conducted by Morning Consult for FedEx, three in four respondents view expanding trade between the U.S. and customers in other countries as a good thing, with nearly half believing that expanded trade will help their business or company, specifically. An even higher percentage, 78%, agree that increasing trade will lead to opportunities and job creation.
“E-commerce has been a lifeline for consumers and businesses of all sizes during the COVID-19 pandemic, helping to keep goods and global supply chains moving,” said Brie Carere, executive vice president, chief marketing and communications officer, FedEx Corp. “U.S. small business leaders clearly understand the power and potential that trade can bring to their business and the economy. Though reaching international markets can seem overwhelming, we work every day to help connect our small and medium-sized customers to opportunities and markets around the world.”
Small business decision makers are also increasingly positive about the health of their business. Forty-five percent of surveyed business owners say their revenue is currently increasing, up nine percentage points from last year’s results (36%) though lower than the pre-pandemic figure of 56% in Fall 2019. Additionally, 62% said they expect their income to increase in the next year, a four-percentage point increase from last year’s Trade Index.
This year’s FedEx Trade Index also asked U.S. small business leaders about their perspectives on environmental sustainability. A large majority of the U.S. small business leaders surveyed—82%—agreed that companies are responsible for managing their own environmental impact. However, only about half of respondents said they felt like the government provided enough resources for their business to be as environmentally sustainable as possible (53%) or adequately focuses on environmental issues in trade (50%).
See the full Fall 2021 FedEx Trade Index findings:
[1] The FedEx Trade Index is a national survey of 1,000 U.S. small business leaders conducted by Morning Consult. Respondents included business owners and executives at companies with between two and 500 employees. The U.S. research was conducted online October 11-14, 2021. The margin of error for the full sample is +/-3%.
FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenue of $87 billion, the company offers integrated business solutions through operating companies competing collectively, operating collaboratively, and innovating digitally under the respected FedEx brand. Consistently ranked among the world’s most admired and trusted employers, FedEx inspires its 560,000 team members to remain focused on safety, the highest ethical and professional standards and the needs of their customers and communities. FedEx is committed to connecting people and possibilities around the world responsibly and resourcefully, with a goal to achieve carbon-neutral operations by 2040. To learn more, please visit about.fedex.com.
