Thursday, March 17, 2016

FedEx CEO Smith Calls Amazon Challenge Reports `Fantastical' - Bloomberg Business

Absolutely positively not worried about an Amazon coopetition shift

"“We’re not delivering from 50 fulfillment centers or 100 stores,” Smith said. “We have the capability to pick up, transport and deliver an item from 95 percent of the human beings on the planet, much less every business in the world, within one to two business days, door to door, customs cleared.”
Amazon has been a FedEx customer for years, and the shipping company expects that to remain the case “for many years to come,” said Mike Glenn, a FedEx executive vice president. The two companies are in constant dialogue, he said, and FedEx is well aware of Amazon’s desire for more capacity to manage inventory. Other major retailers have long held that ability, he said."
FedEx CEO Smith Calls Amazon Challenge Reports `Fantastical' - Bloomberg Business
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