Fred S Created FedEx. Now He Has to Reinvent It.

Discussion in 'The Latest FedEx Headlines' started by cheryl, Oct 18, 2019.

  1. cheryl

    cheryl I started this. Staff Member

    Fred S Created FedEx. Now He Has to Reinvent It. - MSN

    Fred S bristles at any hint that FedEx Corp., the global delivery giant he built over four decades, could be disrupted by a player such as Amazon.com Inc.

    “You can’t just overnight decide, ‘I’m going to pick up from every person in the world and every business in the world and be able to deliver it to every other,’ ” Mr. Smith said in a recent interview. “It’s fantastical.”

    “Fantastical” is one of Mr. Smith’s favorite words to describe the possibility of being beaten by new rivals. He also used it last December, following a disappointing earnings report, to fend off analysts asking about Amazon’s push into the delivery business.

    The next day, FedEx’s stock fell more than 12%. Dave Clark, Amazon’s senior vice president of world-wide operations, tweeted: “Ho!Ho!Ho! Have a Fantastical Holiday everyone!!!,” with a photo of an Amazon Prime branded jet model.
     
  2. Brownslave688

    Brownslave688 You want a toe? I can get you a toe.

    @Operational needs is Fred sticking his head in the sand?


    I’ll give him props for standing up to amazon
     
  3. MAKAVELI

    MAKAVELI Well-Known Member

    Except for it was too late and short-sighted. They dropped Amazon without having the volume to replace it forcing them to take freight from ground.
     
  4. Operational needs

    Operational needs Virescit Vulnere Virtus

    I think it might be wishful thinking on his part. Hopefully I’ll be wrong.
     
  5. Brownslave688

    Brownslave688 You want a toe? I can get you a toe.

    Ups and fed ex should have done it about 10 years ago.

    I also wonder how much of it has to do with ego. Fred and bezos obviously have big egos and their businesses are their babies.
     
  6. Brownslave688

    Brownslave688 You want a toe? I can get you a toe.

  7. MAKAVELI

    MAKAVELI Well-Known Member

    Fred is old and behind the times. Bezos is always looking ahead 5 20 years down the road and he's not afraid to fail..