Warren Buffett does Supply Chain
Think Supply Chain is important? So does Warren Buffett.In this week's Berkshire Hathaway annual meeting, the oracle of Omaha revealed that he had taken large stakes in the Union Pacific, Norfolk Southern and Burlington Northern and Santa Fe railroads.
Warren, buying into the idea that high fuel costs and increasing highway congestion will make railroads a more critical, financially successful, link in the supply chain. For Berkshire, it's a $3.5 billion dollar bet on the financial strength of the railroad.
Maybe it's not the turn of the 20th century all over again, but it doesn't make me feel good if I'm managing a lot of transportation spend....
posted by Sully @ 5/16/2007
0 Comments:
Post a Comment
<< Home