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Business & Economics News Stories

Transform Commerce: FedEx, Microsoft Form a New Partnership

Monday, May 18, Microsoft and FedEx announced a joint, multiyear partnership that the pair believe could help “transform commerce.”

It will transform commerce by combining the transportation company’s logistics network with the power of Cloud Computing Technology.

According to FedEx Chairman and CEO Frederick Smith in a statement, “FedEx has been reimagining the supply chain since our first day of operation, and we are taking it to a new level with today’s announcement.”

“Together with Microsoft, we will combine the immense power of technology with the vast scale of our infrastructure to help revolutionize commerce and create a network for what’s next for our customers,” he added.

Together, FedEx and Microsoft aim to create opportunities for their customers through multiple joint offerings powered by Azure and Dynamics 365 that will use data and analytics solutions to reinvent the most critical aspects of the commerce experience and enable businesses to better compete in today’s increasingly digital landscape.

FedEx networks link more than 99 percent of the world’s gross domestic product in 220 countries and territories, while Microsoft Azure is used by more than 95 percent of Fortune 500 companies, the companies said.

The mission is to provide control and insight into the global movement of goods.

“Now more than ever, organizations are counting on an efficient and capable supply chain to remain competitive and open for business,” said Satya Nadella, Microsoft’s CEO, in a statement.

“Together with FedEx, we will apply the power of Azure, Dynamics 365, and their AI capabilities to this urgent need, building new commerce experiences that transform logistics for our mutual customers around the world,” he added.

Dubbed FedEx Surround, will give real-time analysis into the supply chain and delivery, so companies could potentially better ship goods. Today, they said, most carriers react to global logistics dynamics with only limited options built into how a package gets to its destination. Surround aims to provide solutions to businesses with a supply chain and those that depend on highly time-sensitive deliveries.