FedEx readies for 'Made in U.S.A.' boom in China
Fedex is preparing to open one of its largest facilities in Shanghai to ready itself for a boom in wealthy Chinese consumers buying products online from the U.S.
According to Bloomberg, as appetite for foreign products ranging from diapers to cosmetics to fresh produce expands among the emerging middle class, China’s air cargo volume is expected increase around 6.2 percent in 2018, after climbing 6.6 percent in 2017, the largest gain in seven years, according to the Civil Aviation Administration of China.
“There’s an opportunity to bring a lot of products and a lot of convenience to the Chinese consumers,” Cunningham said before the official opening of FedEx’s international express and cargo hub at the city’s Pudong International Airport later Monday. “With the wealth of Chinese consumers, and the worldliness of Chinese consumers, they’re gonna demand goods from the U.S. and Europe and parts all over the world.”
Read the Bloomberg story here.