Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

FedEx International Trade Challenge

Team for New Zealand announced to take on global entrepreneurs in FedEx International Trade Challenge
Six students will compete with 18 teams from six countries in Singapore

Auckland New Zealand, 21 July, 2009 - FedEx Express (FedEx), a subsidiary of FedEx Corp. (NYSE: FDX) and the world’s largest express transportation company, announced last night the six students selected from an initial pool of 80 to represent New Zealand in the FedEx Express/Junior Achievement International Trade Challenge.

Auckland boys Paul Minors (Rangitoto College), Chuck Slogrove (Macleans College), Talman Madson (Long Bay College), joined Aimee Groom (Taradale High School, Napier), Danica Burghout (Queen Margaret College, Wellington) and Anna MacDonald (Southland Girls High). The six will travel to the host country, Singapore, to represent New Zealand at the international final from August 4 –6.

Over the weekend, twelve students took part in an intensive workshop where they were issued a challenge to develop and manufacture a car cover to export to car-owners in Poland. In teams, they had 48 hours to submit a ‘market entry strategy’ for a new product of their own design, detailing their marketing, promotion, pricing, inventory and international product distribution plans, tailored to the Polish market.

Each team had eight minutes to present their strategy to the judges, who were Mathew Koshy, County Manager FedEx Express New Zealand, Donna Dentice, Chief Executive Officer, Young Enterprise Trust, and Chris Chitty, Senior Lecturer in Product Development at Massey University.

The six students were chosen for their understanding of the significance of market research, creativity, planning, and entrepreneurial skills to enter new markets.

Commenting on the calibre of the entries developed by this year’s teams, Mr Koshy said “The finalists presented some excellent and well thought out strategies. The judges found it difficult to select just six students to represent New Zealand, and if these young people are the future entrepreneurs for global trade, then New Zealand has a very bright future ahead of us indeed. FedEx is proud to be able to help facilitate this great learning opportunity.”

“The International Trade Challenge aims to help highlight and develop the entrepreneurial spirit of young people in New Zealand by providing opportunities in international trade education, and these skills certainly shone through in the finalists. We congratulate the winning teams and wish them well in the regional final in Singapore.”

This is the first year New Zealand has been invited to participate in the FedEx International Trade Challenge. The other competing countries include Australia, Hong Kong, Korea, Malaysia, and Singapore.

The International Trade Challenge is part of FedEx’s three-year sponsorship program with Junior Achievement Worldwide that aims to educate and inspire young people to become entrepreneurs by providing them with first-hand experience in international trade, enhance their knowledge in a range of business areas and develop their sense of teamwork, risk-taking and self-confidence.

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Budget Policy Statement: 'Wellbeing Of NZers At The Heart Of Budget Priorities'

“We want a wellbeing focus to drive the decisions we make about Government policies and Budget initiatives. This means looking beyond traditional measures - such as GDP - to a wider set of indicators of success,” Grant Robertson said. More>>

ALSO:

Short Of 2017 Record: Insurers Pay $226m Over Extreme Weather

Insurers have spent more than $226 million this year helping customers recover from extreme weather, according to data from the Insurance Council of NZ (ICNZ). More>>

Environment Commissioner: Transparent Overseer Needed To Regulate Water Quality

Overseer was originally developed as a farm management tool to calculate nutrient loss but is increasingly being used by councils in regulation... “Confidence in Overseer can only be improved by opening up its workings to greater scrutiny.” More>>

ALSO:

Deal Now Reached: Air NZ Workers Vote To Strike

Last week union members voted overwhelmingly in favour of industrial action in response to the company’s low offer and requests for cuts to sick leave and overtime. More>>

ALSO: