FEDEX Trade Networks (FTN) is expanding re-organising starting in March in response
to the exponential growth of e-commerce, reports London's Air Cargo News.
Richard Smith, son of FedEx founder Fred Smith, now heads FTN, which will soon include a new company
called FedEx Forward Depots, to handle critical inventory and service,
parts logistics, 3-D printing, the repair centre and the FedEx Packaging Lab.
FTN will also incorporate FedEx
Supply Chain and FedEx Custom Critical, with
financial results being reported within the division from March.
Supply chain results are currently
reported in the FedEx Ground segment and FedEx Custom Critical results are
reported in the FedEx Freight segment
Said FedEx president and chief
operating officer David Bronczek: "To improve our ability to
leverage the unique capabilities of our specialty companies, we are realigning
several companies in a new organisational structure under FedEx Trade
Networks."
Said Mr Smith: "I am delighted
to lead this organisation. This realignment under FedEx Trade Networks will
allow us to offer customers the full power of our wide array of unique and
competitively advantaged customised services in a way that is even more
convenient and intuitive."
Source : HKSG.
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