Fred Smith, the founder of FedEx Corp., passed away at the age of 80, marking the end of an era for the express delivery industry he revolutionized. Founded in 1973, FedEx became a significant player in global logistics, averaging 17 million shipments daily. Smith's innovative 'hub and spokes' delivery system offered a groundbreaking approach to logistics. His military background influenced his leadership, where discipline and strategic thinking guided his vision. Despite stepping down as CEO in 2022, Smith's impact on business logistics and time-sensitive deliveries remains profound.
Smith’s experience as a Marine Corps veteran profoundly informed his leadership style at FedEx, where he infused discipline, structure, and strategic thinking into the company’s operations.
The ‘hub and spokes’ delivery system that Smith devised revolutionized how packages are sorted and sent across the globe, significantly increasing efficiency in logistics.
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