Moving nearly $2 trillion worth of goods every year, FedEx is deeply connected to the flow of global trade. Facing unpredictable tariffs, fleet disruptions, and intense competition, the company is entering a new era of reglobalization, where automated belt systems, edge robotics, and new trade patterns are rewriting the rules of global supply chains.

In a new episode of Fortune 500: Titans and Disruptors of Industry, Fortune’s Editor-in-Chief Alyson Shontell sat down with FedEx CEO Raj Subramaniam to discuss his rise within the company from the lowest level possible up to the CEO seat; how he’s overhauling the logistics company and taking it through three transformations; and how he’s thinking about AI, robotics, and the future of the company.

On reglobalization and trade disruption

Why Subramaniam says tariffs and geopolitics are reshaping global trade, driving growth in Latin America, Southeast Asia, and India.

On FedEx’s transformation