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00:02FedEx CEO Raj Subramaniam said Amazon's new supply chain services offering does not pose
00:09the same competitive threat as FedEx's global logistics network, according to CNBC.
00:15Subramaniam told CNBC's Mad Money that FedEx operates an end-to-end global network capable
00:22of moving shipments worldwide within days, while Amazon's announcement focused on third-party
00:27logistics services. Amazon unveiled Amazon's supply chain services on May 4th, allowing
00:34companies outside its marketplace sellers to use its shipping, distribution, and fulfillment
00:39network. In a Monday note, Barclay's analysts described Amazon's move as more noise than
00:44risk and a rebranding of existing logistics services rather than a major new competitive
00:50threat. Subramaniam also said Amazon remains a valuable FedEx customer ahead of FedEx's
00:55planned freight division spinoff. For all things money, visit Benzinga.com.
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