Fedex CEO Says Webvan is Questionable

from the well,-duh dept

Fred Smith, founder and CEO of Fedex, this week said that he doesn’t see how online grocers, such as Webvan, can survive. He makes some valid points. He doesn’t think that they’re very smart about logistics, which is pretty much what Webvan is basing their entire business on. I tend to agree with him, but I’m certainly no logistics expert.

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