Frederick Smith, FedEx

By Admin
Modern-day legend and proof of the American dream, Smith is the founder of one of the biggest companies in the world. Now a $45 billion interest, the...

Modern-day legend and proof of the American dream, Smith is the founder of one of the biggest companies in the world. Now a $45 billion interest, the idea for it began during Smith’s three-year stint, 1966-69, as a US Marine, where he observed closely the logistics and procurement of the armed forces and was inspired to start up an overnight delivery service for civilians. He founded Federal Express with his $4 million inheritance (modern equivalent $23 million) and raised $91 million ($525 million) in venture capital in 1970.

Share
Share

Featured Lists

Top 100 Chief Supply Chain Officers 2023

Celebrating the best of the best, Supply Chain Digital Magazine champions innovative and influential Chief Sustainability Officers (CSOs)

Top 10: Logistics leaders

Top 10 logistics leaders include Scott Temple of FedEx, Bill Seward of UPS, DHL's Oscar de Bok, Mario Harik of XPO & Stefan Paul of Kuehne + Nagel

Top 10: Logistics associations

Top 10 logistics associations include CSCMP, American Trucking Associations, CILT, LSCMS, Logistics UK, FIATA, Reverse Logistics & ELA

Top 10 fastest growing businesses in 2023

Procurement

Top 10: Digital supply chains

Digital Supply Chain

Top 10 supply chain businesses

Procurement