FedEx invests in AI robotics company Nimble to boost its supply chain business

FILE PHOTO: A FedEx last-mile delivery van is seen near a FedEx Ground distribution center in Carson, California, U.S., September 16, 2022. REUTERS/Bing Guan/File PhotoFedEx said on Thursday it has invested in AI robotics and autonomous technology company Nimble to help scale up the delivery giant's Fulfillment unit which aids small and medium-sized businesses in fulfilling orders and managing inventory.

Parcel delivery companies are ramping up investments in automation in an effort to cut down costs and boost efficiency at a time when freight demand remains subdued. FedEx said the investment would help streamline its supply chain capabilities across North America, through Nimble's automated third-party logistics solutions.

"Our strategic alliance and financial investment with Nimble expands our footprint in the e-commerce space, helping to further scale our FedEx Fulfillment offering across North America," said Scott Temple, FedEx Supply Chain president. We know it's a hassle to switch browsers but we want your experience with CNA to be fast, secure and the best it can possibly be.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Singapore stocks rose on Thursday—STI gained 0.5%72 stocks gained compared to 20 that declined, with 46.7 million securities traded, totalling S$56.5 million in value.
Source: IndependentSG - 🏆 2. / 72 Read more »

Singapore stocks dip on Thursday—STI dropped by 0.3%In the broader market, there were 54 gainers compared to 41 losers, with 23.9 million securities traded, valued at S$30.7 million.
Source: IndependentSG - 🏆 2. / 72 Read more »

Singapore stocks dipped on Thursday—STI fell by 0.2%Singapore stocks dipped after DBS Bank announced Tan Su Shan as its new deputy CEO and that she will soon replace Piyush Gupta.
Source: IndependentSG - 🏆 2. / 72 Read more »