Question

The following questions are for fedex: What political/legal forces affect the industry? What economic forces affect the industry? What social forces affect the industry? What technological forces affect the industry?

Answer 1

FedEx: A courier company based out of US. They are known to provide on-time service deliveries worldwide in the shortest time. They provide logistic solutions to many big giants like retail chains, supermarkets, and automobile industry worldwide. They use integrated systems to ensure on-time delivery and have easy tracking systems for customers. They have a time-bound overnight delivery facility. They provide services to maximize companies profitable and minimize their inventories.

Political/legal forces:

• Changes in policies and legislations create economic uncertainties
• Follow the rules and legislation for air and sea transportation and adhere to the local country laws
• Any political instability will impact their services.
• A strictly law-abiding company

Economic forces:

• They contribute to local political parties and contribute to campaign funds
• They are impacted by international currency fluctuations.
• They are also impacted by the macroeconomic factors of different countries.

Social forces:

• Higher literacy rate increases their demand
• Largest business is from heavily populated countries
• Their success is based on providing safe and efficient deliveries worldwide.
• They spent more on security system than in transportation of packages.

Technological forces:

• Increased online shopping and e-commerce has increased the business volume
• Their systems allow consumers to track their package movement
• They have an excellent tracking system and also help many big companies to manage inventories and reduce their costs.