Globalization in terms of business operations has reached a new peak in the past decade. Certifiably so, many large firms from various industries have extended their businesses and built several facilities outside their borders for a wider market reach and higher-volume production. The four transnational corporations below are some of the world’s largest and dominant businesses that have presence in almost every corner of the world, today:
A creation of Steve Jobs, Ronal Wayne and Steve Wozniak, Apple is widely recognized as the world’s largest and the most profitable company in terms of market capitalization. The tech giant’s reported market value was US$752 billion in 2017, with profits reaching US$229.2 billion and a net income of US$48.35 billion. With such huge figures, no wonder Apple has become an important and ubiquitous component in many investment portfolios by leading investment firms and offshore discretionary management companies such as LOM Financial, among others. Most of Apple’s revenues came from its product lines and services such as iPhones, iPads, Macs, iTunes, and software.
- Marriott International
A well-known and probably the biggest chain of hotels in the world, Marriott International is considered as one of the biggest brands in the hospitality industry. It was founded by John Willard Marriott in 1927 and is currently headquartered in Bethesda, Maryland. This multinational, fully diversified hotel brand now has more than 1.2 million hotel rooms globally with a total net profit of US$1.372 billion, as of 2017.
- FedEx Express
Founded in 1971 by Frederick W. Smith, FedEx Express is now the top and the most trusted multinational courier company that provides efficient and world-class consignment service, across 220 countries in all major continents. In addition, FedEx operates the largest cargo air fleets which have more than 691 aircraft. It is the largest freight operator of Airbus A300, ATR 42, Cessna 208, McDonnell Douglas DC-10/MD, and MD-11. With a “superhub” in Memphis, Tennessee, the company flies to more than 375 destinations worldwide.
Arguably the biggest and best-selling automobile manufacturer, Toyota is known for its premium and luxury brands of cars not just in its home country Japan but in all other countries as well. This eight-decade-old car manufacturer can produce more than 10 million vehicles per year since 2012. The average cost of each Toyota car ranges from $16,000 up to more than $80,000 for a Land Cruiser model.