FedEx and Microsoft Form A New Partnership

FedEx (NYSE: FDX) and Microsoft (NASDAQ: MSFT) announced an exciting multiyear collaboration which is set help businesses become more efficient. and deal with one of the most pressing issues created by the COVID-19 pandemic -- how to manage their supply chains.

The first product of the collaboration will be FedEx Surround. In a nutshell, FedEx Surround will marry data from the transportation company's extensive logistical network with Microsoft's Azure cloud and data analytics solutions.

FedEx Surround will help companies manage their supply chains. Image source: Getty Images.