Plus: UPS and FedEx stocks slide following Amazon news. And shares of BlackBerry rise after software spotlight. Julie Chang hosts.
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[00:00:00] [SPEAKER_01] Countless companies invest in AI tools without tying them to tangible business outcomes. Join McKinsey later to learn how leaders rewire their organizations for sustained impact and value.
[00:00:15] [SPEAKER_00] Here's your afternoon TNB Tech Minute for Monday, May 4th. I'm Julie Chang for The Wall Street Journal. We exclusively report that Amazon is opening its global logistics network to more business customers today by launching Amazon Supply Chain Services. Companies from consumer goods manufacturers to apparel retailers can now hire Amazon for services such as fulfillment, ocean and air shipping, and truck transportation.
[00:00:41] [SPEAKER_00] The move officially makes Amazon a third-party logistics provider, competing with the likes of transportation and warehousing giants such as DSV, DHL Group, and Kuehne + Nagel International. It positions Amazon to take a bigger bite out of the more than $1.3 trillion global market for third-party logistics services. Shares of UPS and FedEx slid after The Wall Street Journal reported on Amazon's launch. UPS was trading down more than 9%.
[00:01:09] [SPEAKER_00] Meanwhile, FedEx shares are also down over 9% on pace for their largest decrease in over a year. The two delivery rivals are among the five worst performers in the S&P 500 so far today, according to Dow Jones market data. Amazon has already surpassed UPS and FedEx as the largest parcel carrier in the U.S. by volume. And BlackBerry's shares are on the rise, and a Canaccord Genuity analyst says a widely shared feature story may have helped push the stock higher.
[00:01:39] [SPEAKER_00] A journal article highlighted how QNX BlackBerry's behind-the-scenes automotive and industrial software now powers 275 million vehicles and has become the company's main growth driver. The renewed attention comes as BlackBerry has posted a good run of profitable quarters and emphasized QNX's expanding role across cars, medical machinery, and factories, suggesting its turnaround efforts are gaining traction. For a deeper dive into what's happening in tech, check out Tuesday's Tech News Briefing podcast.
[00:02:10] [SPEAKER_01] AI transformation is more than a tech initiative. It requires a broader rewiring of human skills and ways of working. Here's Dan Swan, senior partner at McKinsey.
[00:02:20] [SPEAKER_02] One of the biggest unlocks we see is the human being capabilities around the technology. Whereas before, you may need to be really good at analysis. Now, the skill might be how do you prompt these tools to get the right answers and outcomes. And so, for us, it's a really big priority to help companies to understand how do you need to change the operating model of your organization and change the underlying capabilities of the people that are interacting with the technology. And when you see that all humming together, it can be really, really special.
[00:02:50] [SPEAKER_01] Discover how McKinsey helps organizations rewire to outcompete with AI at McKinsey.com slash techmoves.
[00:02:57] [SPEAKER_00] This content was created by custom content from WSJ, a unit of the Wall Street Journal Advertising Department.