FedEx CEO Downplays Competitive Threat from Amazon's New Supply Chain Services
FedEx CEO Raj Subramaniam dismissed concerns that Amazon’s new supply chain services pose a significant threat to FedEx, emphasizing the differences between their global logistics networks. Following Amazon's announcement on May 4, FedEx shares dropped by nearly 9%, though they have since partially recovered.
Topics: Amazon FedEx logistics stock_market supply_chain_services