FedEx Survey: 86% of Singaporean SMEs Reporting Growing Trade
21 Nov 20254 min read
Summary
- Singaporean SMEs are strengthening their trade position with Europe, with 86 percent reporting higher volumes driven by strong demand and increased investment in European markets. Their customer presence in Europe is also deeper than the APAC average, and most businesses report an improved outlook compared to last year.
- The United Kingdom, Germany, and France remain the primary destinations, with most Singaporean SMEs exporting to these markets and expecting continued growth. Sustainability is an important consideration for more than half of these businesses when selecting logistics and supply chain partners in Europe.
- Despite rising optimism, SMEs continue to face challenges related to logistics costs, customs processes, and market intelligence. FedEx is expanding its air network and improving connectivity to support growing Asia to Europe demand, providing faster transit times and stronger regional coverage.
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