FedEx CEO predicts 100 million more shipments this holiday compared to 2019 despite supply chain congestion: “We’re ready” – .

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FedEx CEO predicts 100 million more shipments this holiday compared to 2019 despite supply chain congestion: “We’re ready” – .


FedEx CEO Fred Smith said his company was ready for Christmas 2021, forecasting an additional 100 million shipments this holiday season compared to 2019 despite the global supply chain crisis, provided it can hire the number of employees needed to handle the volume.

Smith appeared on CBS’s “Face the Nation” on Sunday and said FedEx was prepared to deal with the significant increase in shipments by leveraging e-commerce and investing billions of dollars, including modernizing its fleet. air to use less energy and emit less carbon. dioxide.

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“We’re ready, assuming we can recruit the employees,” the CEO said.

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Smith said the staff shortage was due in part to the Delta variant of COVID-19 and the increase in unemployment benefits. Despite the lack of employees, Smith said FedEx processes about 90,000 job applications and hires thousands of people.

He remained convinced that increasing hiring would help the delivery side of the supply chain succeed this holiday season.

Smith also spoke briefly about the bipartisan infrastructure bill that passed Friday evening, saying supply chain problems were the result of a lack of investment in infrastructure and a need for improvement. logistics systems.

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“This is a step in the right direction,” he said of the bill.

While FedEx has added a fuel surcharge to some shipments, Smith believes prices will start to drop by the middle of next year, adding that the more important issue was to free up the supply chain.

“We think inflation will, in the middle of 22, start to come down a bit,” he said. “But the key is to unblock supply chains. “

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