Home / Business and Economy / FedEx CEO: AI is the fuel for smarter supply chains
FedEx CEO: AI is the fuel for smarter supply chains
18 Jan
Summary
- FedEx handles 17 million packages daily, generating petabytes of data.
- CEO Raj Subramaniam coined 're-globalization' to describe trade shifts.
- FedEx is exploring advanced robotics beyond humanoid designs.
FedEx's CEO, Raj Subramaniam, detailed the company's operational strengths and future strategies. He emphasized the immense scale of FedEx's network, which moves $2 trillion in commerce annually and serves as a critical component of the global industrial economy. This infrastructure is key to connecting virtually every point on the planet.
Subramaniam also discussed FedEx's approach to technology, viewing data generated from 17 million daily packages as the "fuel" for artificial intelligence. This allows for smarter supply chains and more precise delivery time estimations. He also revealed the company's exploration of advanced robotics, aiming for capabilities beyond current humanoid designs.
Addressing shifts in global trade, Subramaniam introduced the term "re-globalization," noting fundamental changes in trade patterns over the past year. In response, FedEx has strategically opened new facilities in Istanbul, Bangalore, and Dublin, and established a new platform in Osaka to reconfigure its networks and adapt to these evolving dynamics.
