Tag: 3BL

International Olympic Committee news

19 January will mark one year since the Opening Ceremony of the Winter Youth Olympic Games (YOG) Gangwon 2024, the beginning of an event that highlighted outstanding athletic performances, the remarkable dedication of volunteers, and the engagement of young people in sport. K-pop performances played a prominent role in the Opening and Closing Ceremonies of Gangwon 2024, as well as the Let’s Play Winter Festival, showcasing Korean culture both domestically and internationally.

The Winter YOG Gangwon 2024 brought together over 1,800 talented young athletes representing 78 National Olympic Committees (NOCs). Featuring 7 sports and 15 disciplines, the event attracted some 270,000 spectators across nine venues. Taking advantage of the winter sports legacy created by PyeongChang 2018, the organisers made use of 7 out of 12 venues from the Olympic Winter Games. The YOG were widely enjoyed by local fans, as reflected in a survey where 86% rated their experience an 8 or higher out of 10.

Gangwon 2024 not only excelled on-site, but also set new standards for digital engagement. It surpassed previous YOG records on the Olympics’ digital platforms, attracting over 810,000 online users and amassing 323 million engagements across the official @Olympics channels.

To commemorate the one-year anniversary of the YOG Gangwon 2024 and celebrate their successful hosting, Gangwon Province is organising a special “Homecoming Day” event for its volunteer community. The celebration features a variety of activities, including sports and cultural events, discussions with Olympic medallists and live concerts. Additionally, the Gangwon 2024 virtual volunteers’ community page has been launched, providing a dedicated platform for volunteers to stay connected with each other and remain engaged with the Olympic community.

Gangwon 2024 was also marked by the dedication of its volunteer community. A total of 1,984 volunteers contributed to the Games across various zones, including event and ceremony protocol, athlete support, sports management, media coordination and regional guidance. These volunteers gained invaluable experience in organising a major sporting event, while enjoying the opportunity to witness spectacular performances firsthand. The IOC President, Thomas Bach, expressed his gratitude to the “Gangwon Shine Crew” for their remarkable efforts in a video message to Gangwon 2024 volunteers.

Building on the legacy of the PyeongChang 2018 Winter Games, the PyeongChang Legacy Foundation (PLF) drove a variety of initiatives to inspire athletes and young people from around the world to engage in winter sports. These efforts led to impressive results, with 39 participants of PLF projects qualifying for the Winter YOG, two of whom, from developing winter nations, went on to win medals at Gangwon 2024. Agnes Campeol from Thailand won a silver medal in women’s monobob, while Jonathan Lourimi of Tunisia took home a silver in men’s monobob.

Among these initiatives, the “New Horizons Academy,” organised by the PyeongChang Memorial Foundation and PyeongChang County, aims to promote winter sports globally. The programme focuses on supporting athletes from countries with limited winter sports infrastructure, offering them the opportunity to train at specialised camps. Of the young athletes who attended these camps, 25 – representing five sports and nine NOCs, including Colombia, Thailand and Tunisia – went on to compete at Gangwon 2024.

The Dream Programme, a legacy initiative from PyeongChang 2018, plays an important role in bolstering sports participation and ensuring accessibility for all. Held annually for 10 days between January and February, the programme provides immersive training opportunities for youngsters aged 13 to 23 from developing countries. Since 2004, the initiative has hosted 2,500 participants from 97 nations, with 150 of them going on to become international athletes. Notably, 14 athletes who competed in Gangwon 2024 were alumni of this programme.

Since the pre-YOG period, Gangwon 2024 has prioritised introducing local youth to winter sports and providing opportunities for accessible sports practice. Since 2020, the Soohorang and Bandabi Sports Camps have engaged 30,000 students, including 12,263 in the season leading up to the Games. These camps provided equal opportunities for disabled and non-disabled participants, featuring activities such as Olympic values education, cultural immersion, and Para ice hockey.

The PyeongChang 2018 Legacy Foundation, which created tangible benefits through diverse cultural and educational initiatives ahead of the YOG, has evolved into the PyeongChang 2018 and Gangwon 2024 Legacy Foundation. This transition aims to ensure the delivery of long-term benefits of the YOG. Eight legacy programmes from Gangwon 2024 will continue, promoting sport among future generations and creating lasting benefits for the host region.

Authored by Baker Tilly’s Darren R. Jones, Mark Scallon, John A. Rogula, and Corey Parker

Life sciences companies navigate a complex industry where innovation and patient care intersect with strict regulations and financial challenges. To succeed, organizations must proactively identify, manage and mitigate risks across all facets of their operations, from research and development to commercialization. Establishing robust risk governance mechanisms not only protects value but also enables life sciences companies to focus on delivering life-changing innovations to patients.

Addressing risks with a comprehensive framework 

The dynamic nature of the life sciences industry requires a tailored enterprise risk management (ERM) framework. This framework must address the unique challenges life sciences organizations face, including regulatory hurdles, adapting to shifting market dynamics and operational complexities. By proactively identifying and addressing these risks, organizations can better navigate evolving threats and seize growth opportunities.

Financial: Examples of financial risks include cover reporting, compliance and transactional challenges. Maintaining robust internal controls and adapting to Sarbanes-Oxley Act (SOX) compliance are essential. Effective oversight of chargebacks and rebates, transparency in financial operations and accurate reporting are critical components of financial risk management.Operational: Operational risks arise from flawed or inefficient processes. For the life sciences industry, this includes ensuring mature and scalable quality programs, managing contract development and manufacturing organization (CDMO) dynamics and streamlining interactions with healthcare providers (HCPs), research institutions and other stakeholders to ensure seamless operations.Regulatory: Adhering to legal and regulatory requirements is a fundamental aspect of risk management for any life sciences organization. This includes implementing controls to oversee HCP engagements and third-party relationships while ensuring compliance with disclosure and transparency mandates. Additionally, organizations must prioritize quality management, pharmacovigilance and global market access to maintain product integrity and navigate complex regulatory landscapes across regions.External: Third-party collaborations introduce unique risks that require careful oversight. This involves evaluating vendor capabilities, ensuring compliance and balancing operational efficiency with risk mitigation in outsourced research (CROs), outsourced manufacturing, co-licensing agreements and distribution arrangements. Proper due diligence and continuous monitoring are essential to maintaining quality, regulatory adherence and business continuity.Strategic: Strategic risks influence decision-making processes critical to the company’s direction. Key considerations include optimizing customer engagement, strategy implementation and balancing product pipeline priorities with trial designs and evidence generation. Additionally, addressing workforce challenges such as hiring, retention and cultivating a cohesive culture is vital. Establishing governance structure aligned with the organization’s stage of development is fundamental to long-term success.Technology: The life sciences industry increasingly relies on data throughout especially throughout drug discovery, clinical development and commercialization. As organizations navigate this data-heavy landscape, technology risks become more critical. Companies must enhance IT capabilities to support compliance, quality and regulatory processes, while protecting sensitive data with robust security and privacy measures. In markets like rare disease and specialty pharmaceuticals, ineffective use of technology and data can result in significant opportunity costs. Optimizing technology to align with focused marketing and sales efforts is essential for successful commercialization and mitigating risks.

Managing risk across the organizational lifecycle 

The risk landscape for life sciences companies evolves as they grow from research-focused startups to global commercial entities. Proactive risk management at each stage of the lifecycle ensures sustained growth and compliance.

Discovery: During preclinical and early clinical trials, organizations focus on demonstrating viability while navigating anti-kickback regulations, patient identification challenges and securing evidence to support studies.Development: As companies advance, establishing strong relationships with contract research organizations and key opinion leaders (KOLs) becomes essential. Preparing for commercialization requires developing robust governance structures.Commercialization: Post-launch, companies must scale operations while maintaining compliance. Key priorities include enhancing safety protocols and addressing risks related to market access, HCP engagement, transparency reporting and fair market value (FMV) considerations.

Scalable solutions for growth 

To navigate the complexities of risk management effectively, life sciences companies must adopt scalable solutions that adapt to their growth journey This involves:

Early risk identification: Anticipating challenges during the discovery and development phases.Governance evolution: Establishing a culture of compliance and accountability that grows with the organization.Strategic partnerships: Leveraging relationships with vendors, CROs and KOLs to drive innovation while mitigating risks.

Comprehensive ERM solutions for life sciences 

Navigating the complexities of risk management requires a strategic approach tailored to the unique challenges of the life sciences industry. With inherent industry risks and substantial nuance to strategic execution as the industry innovates new go-to-market models, building a strategic ERM program to proactively identify, categorize and prioritize risks and opportunities across the enterprise requires significant time and resources, especially without specialized experience.

Baker Tilly brings deep industry knowledge and experience in implementing ERM solutions, helping clients effectively identify, prioritize and mitigate risks while uncovering opportunities. Our objective and tailored approach, grounded in leading practices, enables organizations to connect seemingly unrelated risks and opportunities across strategy, finance, operations, technology and compliance. As a result, our clients are better positioned to minimize potential losses, create stakeholder value, maintain financial stability, and foster innovation.

Contact Baker Tilly to learn more

For more information on this topic or to learn more about enterprise risk management solutions for life sciences companies, contact a Baker Tilly specialist.

WHAT:  
Whole Kids, a project of Whole Foods Market Foundation dedicated to improving children’s nutrition and wellness, has opened its annual Garden Grant to offer financial assistance for a new or existing edible educational garden located at a K–12 school in the U.S. or Canada. Today through March 5, K-12 schools and nonprofit organizations in the U.S. and Canada are invited to apply for grants of $3,500 each to support edible learning spaces on school campuses. Grants will be awarded in the late summer of 2025.

WHY:  
Through the Whole Kids Garden Grant program, outdoor spaces are turned into powerful hands-on learning gardens that connect kids with food, spark their curiosity, and support classroom curriculum.

WHEN:  
The application window is open now through Wednesday, March 5, 2025, 11:59pm CST.

WHERE:  
Applicants can apply online at wholekidsfoundation.org/gardengrant.

DETAILS:  
The Whole Kids Garden Grant program is one of the organization’s longest-running annual grant programs and has provided more than $20,872,000 in grants to support over 8,700 edible learning spaces since 2011. Both new and previous Garden Grant recipients are encouraged to apply. This year, through a collaboration with Newman’s Own Foundation, recipients that opt in via the Garden Grant application will be considered for a monetary grant in addition to the Whole Kids’ $3,500 award. Grant recipients will be selected and notified in August 2025. The organization will be hosting a Garden Grant Q&A Webinar at 3pm CST on Thursday, February 20, 2025, (Register here). To learn more about the Whole Kids Garden Grant program including complete eligibility details, visit: wholekidsfoundation.org/gardengrant.

###

About Whole Kids 

Whole Kids enhances children’s wellness by improving access to nutritious foods, supporting healthy food education, and building professional development to sustain those changes. Whole Kids is a project of Whole Foods Market Foundation, a registered 501(c)(3) non-profit based in Austin, Texas. For more information on Whole Kids’ school programs including gardens, salad bars, beehives, school food transformation, and nutrition education for teachers and staff, visit wholekids.org. For ongoing news and updates, follow Whole Foods Market Foundation on Facebook, Instagram, X (Formerly Twitter), or LinkedIn.

Media Contact:

Nikki Newman-Sobhani 
Nikki.Newman@wholefoods.com

The theme of this year’s Data Privacy Week was: Take Control of Your Data. At Gen, we want to motivate you to do just that. As every aspect of our lives increasingly moves into the digital realm, understanding data privacy is becoming an essential life skill for all of us. Despite being asked to ‘accept all cookies’ or ‘share location’ daily, many of us are unsure about exactly what these actions do. Once something is posted online, it can remain there indefinitely, and its impact may resurface in unexpected ways. Taking proactive steps now can prevent future regrets.

Push Your Understanding: What Does ‘Accepting all Cookies’ Really Mean? 

This action allows a site to track your browsing history, location and other personal data even across other websites. Companies can then use this information to create a profile for you and sell it to advertisers. While in most cases this data is used for legitimate purposes that don’t present any risk to you, in the worst-case scenario, this information could also end up in the hands of cybercriminals.

Going Deeper: Have you Heard of the Privacy Paradox? 

There is growing discussion around the Privacy Paradox – the discrepancy between our attitude about online privacy and our actual behavior. This manifests as you or I expressing significant privacy concerns but then taking little action to protect ourselves.

Several recent surveys indicate that the vast majority of respondents have significant concerns about their online privacy and security. However, these concerns often fail to translate into meaningful action. As an example, according to a 2023 report from Pew Research, only 49% of U.S. adults report stopping using a digital device, website or app over worries about how their personal information was being used and only 44% chose to use a browser or search engine that didn’t track activities.

Ultimately, we often prioritize convenience while underestimating the risks, especially when the consequences of privacy breaches feel abstract or distant. These risks, however, are tangible and can have real-world implications. For instance, the financial and emotional toll of a ransomware attack is comparable to that of a burglary. Just as we secure our homes, we should approach our digital safety with the same level of seriousness and diligence.

Take Action: Secure Your Data 

Data Privacy Week is a great time to take steps to secure your digital footprint. Here are two things you can do in just five minutes to take control of your data.

Review and update your privacy settings. Review your privacy settings on major platforms that you use often (for example, social media apps and browsers). Disable unnecessary permissions such as location tracking, microphone access, sharing full photo libraries or sharing personal information.Clear your cookies and cache. Regularly clearing your cookies and cache helps remove stored data that websites use to track behavior and reduces your digital footprint. Simply click on “Settings” in your browser and navigate over to privacy and security controls to make these changes.

At Gen Digital Inc., we’re dedicated to privacy protection and the Cyber Safety of our nearly 500 million users every day. Learn more about our dedication to privacy protection here. And for more tips on how to protect yourself online, check out these posts from two of our trusted Cyber Safety brands Avast and Norton.

Abbott

New survey shows 40% of people living with diabetes have skipped or missed a doctor’s appointment due to shame or stigma170% of people with diabetes said supportive comments from others can significantly boost their motivation to manage their condition1Abbott launches film that highlights challenges of living life with diabetes

ABBOTT PARK, Ill., Feb. 4, 2025 /3BL/ — ‘One cupcake won’t kill you,’ ‘I’m going to get diabetes just looking at that,’ ‘That person doesn’t look like they have diabetes.’ New survey results and a film released today by Abbott highlight how everyday comments like these may affect people living with diabetes.

Experience the full interactive Multichannel News Release here: https://www.multivu.com/abbott/9294252-en-abbott-above-the-bias-film-aims-to-reduce-stigma-about-diabetes

People living with diabetes – which now includes 1 in 6 adults in America2 – face many barriers to receiving care. Survey data reveal that the misconceptions and stereotypes around the condition can weigh heavily on the minds of those living with diabetes, creating one more barrier and potentially preventing them from managing their health.1

“How many times have we heard ‘That looks like diabetes on a plate’ when we’re watching a movie, eating at a restaurant or scrolling through social media?,” said Dr. Susan Guzman, Behavioral Diabetes Institute co-founder, clinical psychologist, and diabetes specialist. “After more than two decades of research and working with people managing diabetes, I can tell you that misconceptions around diabetes take a real toll on people. If we want to help people have healthier lives, we have to recognize where and how bias around diabetes exists and promote a compassionate and fact-based understanding of diabetes.”

Data1 from a survey of more than 2,600 people living with diabetes across eight countries, including the U.S., highlights they may not be getting the care they need due to the shame and stigma around their condition, which can lead to real and often unnoticed health consequences:

Diabetes Stigma is an Issue: Nearly 70% believe there is stigma associated with their condition.1Diabetes as a Punchline: 85% of people living with diabetes say they have seen inaccuracies about diabetes in the media, including on TV shows, movies, and social media, and 40% of people felt that diabetes is often used as the punchline of a joke.1Shame Causes Silence: Almost 25% have avoided sharing their diagnosis with family or friends out of embarrassment or concern.1Health Consequences: 40% have skipped or missed a doctor’s appointment due to shame or stigma.1

Additional biometric testing revealed that nearly 40% of individuals had an elevated physiological response to stigmatizing statements, even if they don’t show outward signs or expressions.1

Food Elicits the Most Significant Response: The question, “Should you really be eating that?” prompted the strongest biometric response, causing elevated heart rate and increased perspiration — similar to the stress of a job interview or a first date.1

But while words can hurt, they can also help.

Support Leads to Progress: The survey also revealed nearly 70% believe supportive comments from others can significantly boost their motivation to manage their condition.1

Above the Bias
Abbott’s new Above the Bias initiative aims to help others see the world from the perspective of someone living with diabetes. The initiative builds upon efforts by several diabetes organizations, patient advocacy groups, and experts that continue to work to reduce stigma about diabetes.3 People can learn more about Above the Bias and watch the film at AboveBias.com.

“From the very early days of Libre, it’s been our job to make living with diabetes easier,” said Chris Scoggins, executive vice president of Abbott’s diabetes care business. “But technology alone can’t fix every barrier that people face. We’re committed to doing our part, but we can’t do it alone. We need the ongoing help of others to support people living with diabetes, so they can get the care they need to manage their health.”

About FreeStyle Libre:
Abbott continues to pioneer ground-breaking technology to support people living with diabetes. The company revolutionized diabetes care 10 years ago with its world-leading FreeStyle Libre continuous glucose monitoring portfolio, which today is used by about 7 million people in more than 60 countries.4 People use Libre to see their glucose numbers in real-time, providing insights into how food, activity, or insulin impacts their glucose to help them make progress on their health goals.

About Abbott:
Abbott is a global healthcare leader and continues to pioneer ground-breaking technology and initiatives to support people live more fully at all stages of life. The company revolutionized diabetes care 10 years ago with its world-leading Libre continuous glucose monitoring portfolio, which today is used by 7 million people in more than 60 countries.4 Abbott’s other technologies span the spectrum of healthcare, with leading businesses and products in diagnostics, medical devices, nutritionals and branded generic medicines. Our 114,000 colleagues serve people in more than 160 countries.

Connect with us at Abbott.com and on LinkedIn, Facebook, Instagram, X and YouTube.

Abbott Media:
Katie Walker, Katie.Walker@abbott.com

Abbott Financial:
Michael Comilla, Michael.Comilla@abbott.com

Product for prescription only; for Important Safety Information, please visit FreeStyleLibre.us.

Data on file. Research conducted by Savanta on behalf of Abbott between May and August 2024 was executed in three distinct phases among people with diabetes across Canada, France, Germany, Ireland, Italy, Japan, the UK, and the U.S.National Diabetes Statistics Report, U.S. Centers for Disease Control and Prevention: National Diabetes Statistics Report | Diabetes | CDCJ. Speight, E. Holmes-Truscott, M. Garza et al. Bringing an end to diabetes stigma and discrimination: an international consensus statement on evidence and recommendations. Published January 2024. DOI: https://doi.org/10.1016/S2213-8587(23)00347-9Data on File. Abbott Diabetes Care.

International Olympic Committee news

The International Olympic Committee (IOC)’s Olympic Values Education Programme (OVEP) reached a major milestone last week: now in its third year of implementation in India, OVEP has engaged more than 12 million children across the country.

To mark the occasion, the Olympic Museum, which manages the programme, welcomed children and teachers from Assam, India, to Lausanne, Switzerland, one year after OVEP was implemented in their state. The delegation, organised through the Abhinav Bindra Foundation Trust (ABFT), participated in the museum’s 43rd annual Olympic Week, which features sports and cultural activities for kids.

New Holland, a CNH brand, continues to expand the development of dealerships in Latin America with the help of Corporación de Maquinaria S.A. 

The brand’s Global President, Carlo Lambro, and the Regional Vice President for Latin America, Eduardo Luis, were both present for the inauguration of the first Smart Dealer in the country, focused 100% on the customer experience.

The new Smart Dealer, located in Salto, covers 1,400 square meters and has highly trained personnel to accompany the customer and support their needs in an attentive and fast way. In addition, the new branch incorporates multiple sustainability initiatives, such as electric forklifts, an electronic file system to reduce paper use, LED lighting in all facilities and systems for collecting all used oil in the workshops, among others.

“This inauguration is a new opportunity for New Holland in the region and especially in Uruguay. The new dealership concept that we have been implementing demonstrates our interest in strengthening the bond with customers, accompanying them at all times and providing them with the best tools to achieve their goals,” said Juliano Mendonca, New Holland’s marketing manager for Latin America.

This new dealership concept implemented by the brand in recent years concentrates commercial offices, workshop, spare parts warehouse, Intelligence Center and cafeteria, among other novelties that strengthen the bond with the customer and provide effective service.

The Intelligence Center is one of the most outstanding features of Smart Dealers, as it allows you to remotely monitor and manage agricultural machinery in the field. In this way, potential problems can be anticipated in real time, optimizing producers’ time and resources.

DAVIDSON, N.C., February 4, 2025 /3BL/ – Trane®– by Trane Technologies (NYSE: TT), a global climate innovator, proudly announces the expansion of its advanced thermal management systems tailored for mission critical environments. A global leader and trusted advisor in sustainable thermal management systems for commercial buildings and mission critical infrastructure, Trane is bolstering its data center thermal management systems with new liquid cooling capabilities and introducing the Trane Coolant Distribution Unit (CDU).

“We’re excited to extend our thermal management systems offerings, testing, modeling and service leadership to include liquid cooling for our mission critical customers” said Steve Obstein, Vice President and General Manager, Data Centers & High-Tech, Trane Technologies. “We are redefining thermal management systems and optimization to deliver consistent and reliable thermal management tailored for mission critical environments.” 

Trane liquid cooling solutions are engineered to provide precise thermal management by helping to control the delivery and return of coolant to IT racks and are specifically designed to handle high-performance workloads while significantly reducing energy consumption. Tested, validated, and certified, Trane’s thermal management systems deliver optimized performance, driving energy efficiency and lowering operational costs. 

Trane’s 1MW Coolant Distribution Unit (CDU) with up to 1350kWs is an ideal solution for data center environments seeking to implement direct-to-chip solutions as they shift to hybrid cooling. The Trane CDU leverages proven LiquidStack® technology to enhance Trane’s comprehensive thermal management capabilities. This advanced system not only provides precise thermal management by controlling the delivery and return of coolant to IT racks but also integrates seamlessly with Trane’s high-efficiency chillers. This integration optimizes performance for one of the key consumers of utility within the thermal management system, ensuring optimal energy efficiency. By combining cutting-edge liquid cooling technology with advanced system design, Trane is setting a new standard in sustainable and efficient thermal management for mission-critical environments. 

“I’m thrilled that Trane is bringing LiquidStack high-performance CDU technology to its global network of customers seeking to uplevel their cooling strategies to meet the extraordinary heat rejection needs of AI,” said Joe Capes, CEO, LiquidStack.

# # #

About Trane 
Trane – by Trane Technologies (NYSE: TT), a global climate innovator – creates comfortable, energy efficient indoor environments through a broad portfolio of heating, ventilating and air conditioning systems and controls, services, parts and supply. For more information, please visit www.trane.com or www.tranetechnologies.com.

About Trane Technologies 
Trane Technologies is a global climate innovator. Through our strategic brands Trane® and Thermo King®, and our portfolio of environmentally responsible products and services, we bring efficient and sustainable climate solutions to buildings, homes and transportation. For more on Trane Technologies, visit tranetechnologies.com. 

© 2025 Trane. All Rights Reserved.​​​​​​​ 
All trademarks referenced in this document are the trademarks of their respective owners.

NORTHAMPTON, Mass., February 4, 2025 /3BL/ – A new national study from 3BL, in partnership with TriplePundit and Glow, reveals a striking trend shaping the sustainability and social impact landscape in 2025: the growing role of individual action. According to the research, 36% of Americans believe individuals—not government or business—will drive the most positive impact on social and environmental issues this year. This sentiment is even stronger among highly engaged sustainability consumers, rising to 41%.

As organizations navigate evolving regulations and stakeholder expectations, public demand for corporate responsibility remains steady across political lines. The study found that while institutional frameworks may shift, Americans continue to expect meaningful action from the businesses they support.

Key Consumer Trends

Political and Generational Shifts: Republicans (22%) favor business-led impact, while Democrats (25%) lean on government. Gen Z trusts institutions, while Baby Boomers (38%) believe in individual action but show skepticism (26%).Business Priorities: Consumers expect action on employee well-being (56%), sustainable packaging (54%), and ecosystem restoration (49%).Sustainability Behaviors: More consumers are shopping secondhand, reducing air travel, and cutting meat consumption.

The 3Bs of Impact Communications: A Framework for Businesses

To help organizations align with shifting expectations, 3BL introduces the 3Bs of Impact Communications:

Blueprint: Develop a plan based on the landscape.Benchmark: Analyze and optimize strategies for impact.Breakthrough: Deliver the right message to the right audience.

For more details and to access the full report, visit here. 

About 3BL 
3BL is the leading sustainability and social impact communications partner, connecting organizations’ stories of purpose and progress with the audiences who matter most.

3BL partners with over 1,500 companies – from global corporations and mid-sized enterprises to NGOs and nonprofits – to elevate their reputations as players in the world of responsible business. We do this through unrivaled news and content distribution, bespoke storytelling support, and our digital media division, TriplePundit.

Originally published in FedEx’s 2024 Global Economic Impact Report

The U.S. economy faced macroeconomic headwinds in FY 2024, with moderating inflation, continued job growth, and low unemployment helping boost overall U.S. GDP.

Trade between the U.S. and other countries also showed signs of recovery in the second half of FY 2024,13 as U.S. businesses continued looking to new markets for both supply chain partners and end customers. For example, U.S. imports from Mexico increased nearly 5% in CY 2023, reaching a total of $475.6 billion.14

FedEx operations in the U.S. are uniquely positioned to help customers adapt to changing economic conditions and shifting trade patterns. The company operates two major air hubs in Memphis and Indianapolis that provide capacity for domestic and international air shipments, as well as dedicated international air gateways in Alaska and Miami to facilitate trade between the U.S. and APAC and LAC regions, respectively. FedEx Freight is a leading provider of less-than-truckload (LTL) services — an economical option for U.S. businesses needing to ship cargo that won’t fill an entire trailer — while the extensive FedEx road network connects thousands of facilities to enable deliveries to 100% of U.S. residences and businesses.

Across this network, FedEx helps ensure that the company’s services and its economic impact extend to communities across the nation. FedEx employed approximately 370,000 people15 in the U.S. in FY 2024 and contracted with nearly 6,000 independent service provider businesses to provide pickup and delivery services on behalf of FedEx. Independent service provider companies employ their own drivers and support staff, and utilize their own equipment for transporting packages. More than half of these businesses have provided service to FedEx for more than f ive years, and 38% are minority, veteran, or women-owned. Since 2018, the average annual revenue for service providers has more than doubled to $2.1 million, and the annual revenue generated totals $12.3 billion.

The scale of these operations and the range of the company’s services make FedEx a significant presence in the U.S. Transportation and Warehousing sector,16 which grew substantially in FY 2024.

The sector’s total net economic output reached an estimated $981 billion in FY 2024, an 18% increase over total net economic output in FY 2023. FedEx directly contributed an estimated 6.7% of that net economic output in FY 2024. 

Across the entire U.S. economy, FedEx directly contributed an estimated 0.2% of net economic output in FY 2024, a considerable impact for a single company.

In addition to this direct impact, FedEx indirectly contributed an estimated $8.1 billion to net economic output across the entire U.S. economy in FY 2024.

Measuring market-level impact 
The contributions that FedEx makes to the U.S. economy are often most noticeable in locations where the company has a large presence. Cities, counties, and states that house significant FedEx facilities experience the direct impact of its capital expenditures, high levels of company employment, and purchases with local suppliers, along with the economic activity indirectly generated by the company’s extensive shipping, logistics, and business services.

To illustrate this localized impact, Dun & Bradstreet analyzed FedEx economic contributions to 13 U.S. markets, including seven states — Alaska, California, Florida, New York, Ohio, Pennsylvania, and Tennessee — and six major metropolitan areas, including Dallas-Fort Worth-Plano, Indianapolis (Marion County), Memphis (Shelby County), Miami (Miami-Dade County), Pittsburgh (Allegheny County), and Los Angeles (Los Angeles County). The analysis focused on the company’s impact on the Transportation and Warehousing sector, where FedEx makes substantial contributions due to the size of its network and the nature of its core services. As in the overall U.S. economy, FedEx contributed to strong economic growth at the market level. All 13 markets analyzed recorded increases in GDP for the Transportation and Warehousing sector in FY 2024. Transportation and Warehousing growth also outpaced overall GDP growth in seven of the markets analyzed, including Florida, New York, Pennsylvania, Ohio, Indianapolis, Miami, and Pittsburgh.

FedEx also remains a major employer in these markets, paying wages that further stimulate economic activity across municipalities, counties, and entire states. For example, FedEx employs nearly 40,000 people in both California and Tennessee, approximately 18,000 people in Florida, nearly 15,000 in Pennsylvania, more than 12,000 in Ohio, and approximately 14,000 in New York. Those jobs are often concentrated in major metropolitan areas, such as Shelby County, Tennessee, where FedEx employs approximately 32,000 people; and Dallas-Fort Worth-Plano, Texas, where FedEx employs approximately 15,000 people.

FedEx spending with local suppliers also makes important contributions to the economies of these markets. For example, FedEx spent $1.3 billion with suppliers in Marion County, Indiana, and $1.1 billion with suppliers in California in CY 2023. FedEx spending with local suppliers surpassed a half-billion dollars in several other markets in CY 2023, including Tennessee ($637 million), Pennsylvania ($612 million) Florida ($598 million), New York ($580 million).

Employment 
With operations and employees in every state, FedEx is one of the largest employers in the country. The company is committed to supporting all employees with a safe, inclusive, and growth-focused workplace. Since the company’s inception, opportunity has been at the forefront of its commitment to excellence. Providing opportunities to everyone ensures that FedEx team members – and their diverse perspectives, backgrounds, identities, talents, and skills – all come together to make the company successful in an ever-changing global marketplace. To illustrate this commitment, in FY 2023, 57% of FedEx employees in the U.S. identified as minorities. Within U.S. management, employees that identified as minorities made up 37% of positions.

As team members look to grow in their careers, FedEx offers tuition assistance and the Learning inspired by FedEx (LiFE) program — a partnership between FedEx and the University of Memphis. The LiFE program offers tuition-free, online degree options for more than 30 associate’s and bachelor’s programs of study. In FY 2024, approximately 4,500 employees were enrolled. FedEx is also dedicated to helping all team members develop their careers through learning and development opportunities, including the FedEx Learning Center that provides more than 25,000 online courses to employees after orientation.

As part of the company’s total rewards package, FedEx also provides competitive benefits to support the health and quality of life of employees and their eligible family members, including healthcare, wellness, paid sick leave, flexible paid time off, short- and long-term disability, and other benefits. Eligible full- and part-time employees may elect these competitive health benefits offered by FedEx for themselves and their eligible dependents. In 2023, FedEx covered more than 70% of total eligible health care costs on average for more than 360,000 participating employees and their dependents in the U.S.

This commitment to providing high-quality jobs, career growth opportunities, and support for employees’ health and wellbeing has repeatedly earned FedEx honors as one of the best places to work in the United States. For example, in 2023 FedEx was named by LinkedIn as one of the Top Companies to Grow your Career and recognized as a Blue Ribbon Company by Fortune. In 2024, FedEx was named one of the Best Companies to Work for by the Women’s Choice Awards.

13 https://unctad.org/system/files/official-document/ditcinf2024d2.pdf 

14 https://www.bea.gov/news/2024/us-international-trade-goods-and-services-december-and-annual-2023

15 This number includes active full-time and part-time FedEx employees.

16 As defined by the U.S. Bureau of Economic Analysis.

For a closer look at select markets, read the full report here.

Click here to learn about FedEx Cares, our global community engagement program.