21 min
FedEx vs UPS | Kick the Tire, Light the Fires Business Wars
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- Management
It’s the early 1970s, and 27-year-old Fred Smith has an idea for a new kind of package delivery service, one that uses its own planes to deliver packages in under 24 hours. Skeptics tell him the start-up costs are too high and the demand too low, but Smith thinks he’s found a way to make it work. He invests millions of his own money to get the new company started.
But when one thing after another goes wrong, it looks like Smith might have made a big mistake. And that’s before he’s even had a chance to challenge one of the most respected companies in America: UPS.
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It’s the early 1970s, and 27-year-old Fred Smith has an idea for a new kind of package delivery service, one that uses its own planes to deliver packages in under 24 hours. Skeptics tell him the start-up costs are too high and the demand too low, but Smith thinks he’s found a way to make it work. He invests millions of his own money to get the new company started.
But when one thing after another goes wrong, it looks like Smith might have made a big mistake. And that’s before he’s even had a chance to challenge one of the most respected companies in America: UPS.
Listen ad-free on Wondery+ here
Support us by supporting our sponsors!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
21 min