FedEx CEO: The global supply chain shock will have a lasting impact and create a new balance state.

FedEx CEO Raj Subramaniam stated that due to factors such as technology and geopolitical risks, global trade and supply chains are undergoing long-term changes. It is expected that this new supply chain model will create a new state of equilibrium, which will be more regionalized than before. He had previously stated that he expected trade fluctuations this year to cause a loss of $1 billion for the company. However, the company is also adjusting capacity, including redeploying planes, to meet the increased freight volume in Latin America and other regions in Asia.