Fedex CEO warns global trade is entering a lasting new equilibrium
FedEx CEO Raj Subramaniam warned that global trade is entering a new equilibrium, with more regional supply chains and lasting geopolitical shifts. He said FedEx is seeing increased flows from China to Europe, Latin America and Asia, while Trump-era tariff volatility continues to pressure demand. FedEx expects a $1-billion impact and is redeploying capacity as retail sentiment turns bearish.