FedEx CEO responds to Amazon Supply Chain Services announcement

FedEx CEO Raj Subramaniam discusses Amazon's new supply chain service, arguing it is fundamentally different from FedEx's global network. He downplays the competitive threat and highlights FedEx's unique end-to-end capabilities. No explicit investment recommendations are made. - Jim Cramer and FedEx CEO Raj Subramaniam discuss Amazon's supply chain announcement. - Subramaniam explains that Amazon's service is a non-asset, third-party logistics offering. - He contrasts it with FedEx's true end-to-end global network. - He notes that FedEx's 3PL business is about $2 billion, not its largest segment. - The discussion focuses on the differences rather than direct competition. - Subramaniam expresses confidence that FedEx's network is distinct and hard to replicate. - No explicit investment recommendations are made in the clip.