FedEx is banking on its DRIVE programme to reduce more than $4 billion in structural costs by FY25.
Managed by Sriram Krishnaswamy, President and CEO, FedEx Dataworks, DRIVE has already identified 14 domains for efficiency improvements under three operations — FedEx Express, FedEx Ground and Shared & Allocated Expenses.
While FedEx Express is likely to save $1.4 billion by FY25, FedEx Ground is likely to report savings of $1.1 billion and Shared & Allocated Expenses will decline by $1.5 billion.
“We are measuring success against each domain’s FY25 permanent cost savings target in addition to using clear operational metrics to track financial and service level progress,” says Raj Subramaniam, President and Chief Executive Officer, FedEx.
0 comments:
Post a Comment