From 15% to 50% Scrap: How POSCO’s Blueprint Transforms Foundry Economics Forever
TL;DR June 21, 2025, marked the passing of Fred Smith at age 80—the founder who saved FedEx from bankruptcy with a desperate bet at Las Vegas blackjack tables in 1973.​ The story has become a business legend, but the details matter for foundry managers facing impossible decisions right now. Smith’s company was days from collapse. […]
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