FedEx CEO Says Company Can Thrive Amid Supply Chain Shakeups

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Fedex,Supply Chain,Tariffs

FedEx CEO Raj Subramaniam expressed confidence in his company's ability to navigate potential supply chain disruptions caused by President-elect Donald Trump's proposed import tariffs. Subramaniam emphasized FedEx's global network, serving 99% of global commerce, as a key advantage in adapting to changing patterns. He noted the company's strong December demand and anticipated a record month for the Los Angeles port. The CEO also announced plans to spin off FedEx Freight into a separate publicly traded company, aiming to unlock long-term value for shareholders and leverage the company's global supply chain insights.

President-elect Donald Trump has threatened to drastically hike import tariffs for several countries, especially China, and these moves would likely disrupt global supply chains.

FedEx reported a mixed quarter Thursday after close and announced it plans to spin off its freight business into another publicly traded company, FedEx Freight."As the supply chain patterns change, we are here, there and everywhere," he said.

"We are sitting on global supply chain insights," he said."So not only do we want to be a leading transportation network provider, but also a global supply chain technology provider."Crime and Courts

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