(Thoughts by Ann Davis)
Read Full Article: http://www.nytimes.com/2012/09/19/business/fedex-lowers-forecast-citing-weak-economy.html?ref=unitedstateseconomy
Despite FedEx's investments in new planes and expansion of its hubs and networks, the company has faced cutting back earnings this year. It was interesting reading about the economic impacts on one company alone. From a larger perspective, just about every company out there is facing identical situations as FedEx, word wide (Thoughts by Ann Davis) Read Full Article: http://www.nytimes.com/2012/09/19/business/fedex-lowers-forecast-citing-weak-economy.html?ref=unitedstateseconomy
5 Comments
ECO_10am_Missy Hudson
9/20/2012 06:34:23 am
The fact that FedEx is not shipping as much worldwide is shows poor implications for everyone's GDP. Even with new release of products such as Apple's latest i-phone, there is not a significant growth of orders being placed, from neither individuals nor businesses. This indicates that as a whole, people have less disposable income to be spreading freely.
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eco_11am_R10391858
9/21/2012 10:14:07 am
Even in other countries like Japan and China, economic growth has slowed down. With consumers not purchasing goods, manufacture produce less item for FedEx to ship.
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9/21/2012 12:42:23 pm
Consumer confidence in the United States has definitely slowed down. We are starting to see alot more saving than spending. Manufacturing powerhouses like China have a completely different economic system than the United States. Saving instead of spending may somehow be exactly what America needs to get out of this hole.
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M Barnett
9/28/2012 04:17:31 am
No question about it, WM. I'm not holding my breath though.
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ECO_10AM Brennan Custard
9/26/2012 08:05:47 pm
Having problems viewing the full article, anyone else having this problem?
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