Carol B. Tomé CEO of UPS

In Good Company with Nicolai Tangen

Norges Bank Investment Management

In Good Company, Business, Norges Bank, Nicolai Tangen

4.8 • 186 Ratings

🗓️ 10 May 2023

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

How will drones and AI impact the logistics industry? And how does Carol Tomé manage 500 000 people?

UPS delivers 21 million packages each day to over 220 countries around the world, equivalent to 2% of world GDP. You don’t want to miss this one.

The production team on this episode were PLAN-B’s Nikolai Ovenberg and Niklas Figenschau Johansen. Background research was done by Sigurd Brekke with input from portfolio manager Venetia Baden-Powell.

Links:

Watch the episode on YouTube: Norges Bank Investment Management - YouTube
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Follow Nicolai Tangen on LinkedIn: Nicolai Tangen | LinkedIn
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Transcript

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0:00.0	Hi everyone and welcome to our podcast in Good Company.
0:04.2	I'm Nicola Tangen, the CEO of the Norwegian Wealth Fund.
0:07.3	In this podcast, I talk to the leaders of some of the largest companies we are invested in
0:11.2	so that you can learn what we own and meet these impressive leaders.
0:15.1	Today I'm speaking to Carol Tomere, CEO of UPS.
0:18.0	UPS is a 14 year old logistics company which moves 2% of UPS. UPS is a 14-year-old logistics company,
0:21.4	which moves 2% of world GDP.
0:24.4	Wow.
0:25.4	They have 500,000 people working in 220 countries,
0:29.4	and they deliver 24 million packages every day.
0:33.2	We own almost 1% of UPS,
0:35.6	translating into 12 billion groaner or more than 1 billion US dollars.
0:39.8	How will drones and AI impact UPS?
0:42.9	And why did Carol decide to return from retirement to take this huge job?
0:47.2	Stay tuned.
0:57.3	Hi, Carol, how are you doing?
0:58.2	Fine. How are you?
1:01.6	Very good. Very good. Lovely to see you and to meet you.
1:03.1	Carol, big thanks for taking you the time.
1:03.7	My pleasure.
1:07.9	Now, you run a company with 500,000 people.
1:14.4	I believe you deliver 24 million packages every day to 220 countries.
	...

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