In an exciting culmination of creativity and strategic thinking, the FedEx Junior Achievement (JA) International Trade Challenge Asia Pacific finals took place in Singapore, unveiling a slate of remarkable student-led innovations. This competition not only spotlights emerging entrepreneurial talent but also emphasizes the important concept of the circular economy, addressing contemporary consumer concerns regarding sustainability and environmental impact.
The annual event, which seeks to inspire young minds, saw participation from over 4,500 students spanning ten markets in the region—Hong Kong SAR, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Thailand, and Vietnam. The competition’s final stage brought together sixty of the brightest students to present market entry strategies targeting Turkey, a country noted for its diverse market potential.
During the challenge, students collaborated in multicultural teams, promoting cross-border understanding and teamwork. Judges for the finals included some of Singapore’s leading entrepreneurs and business magnates, ensuring that participants received insights from seasoned professionals in the field.
Kawal Preet, President of FedEx Asia Pacific, remarked on the event’s significance, stating, “At FedEx, we believe that the power of innovation and connectivity can change the world. The FedEx JA International Trade Challenge epitomises this belief by promoting global entrepreneurship among the youth.” His words underscore the event’s potential to not only educate but also inspire the next generation of business leaders to tackle pressing global issues from fresh angles.
Among the notable achievements was Team CJ, whose members Cheryl Lim Xin Yi (Singapore) and Julia Jasmine Binti Jufri (Malaysia) clinched the first-place award for their innovative concept: creating biofilm from seaweed. This idea, aligned with the principles of the circular economy, aims to repurpose marine resources into sustainable products, demonstrating how creativity can intersect with environmental consciousness.
Runners-up Team Circuvate and Team ONE presented equally inspiring models. Team Circuvate, which included Wesley Ng Yu De from Singapore, proposed developing bioplastic plates funded through advertisements in football stadiums, combining marketing and sustainability. Meanwhile, Team ONE—comprising Rysa D. Sumalinog (Philippines) and Clarisse Chee Qian Ying (Singapore)— tackled food waste, proposing its conversion into traditional Turkish carpets, presenting a smart solution to reduce waste while preserving cultural heritage.
After their victory, Cheryl Lim and Julia Jasmine expressed their enthusiasm, saying they were “thrilled” by the recognition. They emphasized the importance of bold thinking, meticulous planning, and collaboration with industry experts to transform ideas into viable solutions. Their experience in the challenge not only bolstered their confidence but also fueled their aspirations towards becoming future entrepreneurs.
Maziar Sabet, President and CEO of JA Asia Pacific, highlighted the event’s role in nurturing youthful potential. He stated, “Every young person holds the capacity to contribute meaningfully to society. The FedEx/JA International Trade Challenge reflects that belief, empowering our youth to explore, innovate, and act as architects of a better future.” This vision aligns seamlessly with the challenge’s mission of fostering entrepreneurship while addressing real-world problems.
Judges expressed admiration for the participants’ impressive problem-solving capabilities. Alex Fan, Co-founder of Sunday Bedding, mentioned how “eye-opening” it was to witness young minds articulate their solutions so effectively. Similarly, Kloe Ng, Co-founder of Out of the Box Education, commended the participants’ thoughtfulness, especially considering the limited time frame of just two days to conceive and present their ideas.
The FedEx/JA International Trade Challenge has introduced nearly 50,000 students to business fundamentals, economics, and international trade over the past 18 years. Through a hybrid model of classroom learning and hands-on teamwork, the program cultivates the next generation of innovative thinkers and problem solvers. The initiative continues to thrive by providing ongoing support to young entrepreneurs through programs like the Small Business Grant Contest, further solidifying its place in fostering global entrepreneurship.
In conclusion, events like the FedEx/JA International Trade Challenge showcase not only the remarkable talent of young individuals but also the potential these future leaders hold in shaping a sustainable economy. As they develop solutions to address environmental challenges, they are paving the way for a future where business practices are increasingly aligned with ecological responsibility.