FedEx founder says corporate data predicted the rise of Tesla and Nvidia—and can flag new trends [Fortune]
Goldman Sachs Group, Inc. (The) (GS)
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Source: Fortune
would be flying these parts and pieces from Xerox in Rochester to Pittsburgh or wherever the case may be,” he told a gathering of 200 Goldman Sachs executives and entrepreneurs on Thursday. “And I would sort of sit in amazement there and say, ‘They're hiring me and this whole damn airplane to carry this little part.'” It didn't take long for the likes of early tech giants Burroughs, Sperry, UNIVAC and IBM to hire him and his growing fleet to fly parts from the burgeoning Asian manufacturing market to the rest the world. “What I was actually seeing was the beginning of the automation of society,” he said. It was the first time his logistics company found itself at the extreme forefront of tech trends that would change the world. Speaking at Goldman's annual Builders and Innovators Summit in Healdsburg, California, Smith explained how data from the logistics giant that now moves about $2 trillion worth of goods a year in every industry in nearly every country predicted the rise of
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