As international goods and services now dominate economies, “It has become ever more important for businesses in the Philippines to take part in the globalization movement,” according to Samuel David, Country Manager, FedEx Philippines.

FedEx considers itself a part of the “globalization” phenomenon, “ the vision of a world with no trade barriers” with products, services, people, capital and information freely “flowing” across national boundaries, creating opportunities for innovation and expansion.

“Local home-grown products are now available in other parts of the world, as Filipinos learn to develop and add value to their goods. Food chains, beverages, and clothing and accessory lines are just among these Philippines products that are well embraced by international markets. Understanding the global market is, thus, imperative to any Filipino entrepreneur aspiring global success,” he explained.

Furthermore, “There are no limits for anyone who dreams to become big in the business world as long as there is a clear understanding of the global market.”

He cited the example of FedEx Founder and CEO Fred Smith was in college when he wrote a paper which would become the fundamental idea behind FedEx, after a few years. Now, FedEx Express is the world’s largest express transportation company, with offices around the globe including the Asia Pacific region.

For FedEx, globalization has become a tool that can help companies thrive. The rising use of technology in world trade, high-tech and high-value goods, including microprocessors, improved the efficiency of businesses. Technologies such as microprocessors are widely used in sorting, tracking and storage systems in the logistics industry.

The universalized trend also proved to be an ˜equalizing factor” which developed global sourcing and selling, allowing businesses of all sizes to compete in the same field.

The resulting fast-cycle logistics enabled companies to source their supplies and components faster than ever and get the finished products to market before their competitors. Speedy delivery gives competitive edge to small businesses that will have a difficult time reaching out to their overseas customers otherwise.

The growth of the Internet boosted global competence and will be an even greater avenue of communication to promote products and services in the future.

“Today, we have fewer barriers to international trade than in the past,” the FedEx Country Manager stressed. The challenge of present businessmen is to apply these macro trends to maximize productivity and profit. “Those who adapt well to these external developments will enjoy long and rewarding years ahead.”