Lynn Fritz former chairman and CEO of the Fritz Companies has been chosen as the 2021 TIACA Hall of Fame recipient. TIACA explains why:
Fritz, a visionary of the global logistics industry, believed that as the world became more economically integrated, Fortune 1000 companies would require firms that could help them in all of the functions related to import/export, including transportation, warehousing, and transaction processing.
He foresaw that they would look for alternatives, and that companies that could manage all of their international logistics would be extremely well positioned.Beginning in 1971, the company focused on two complementary objectives: becoming the information processing leader in the industry and targeting large national accounts that would require the use of international logistics services.
Fritz Companies ultimately added blue-chip companies such as Sears, Boeing, Federal Express, McDonald’s, Microsoft, and Polaroid to their portfolio of international logistics clients.To ensure visibility for his clientele Fritz Companies introduced FLEX – the Fritz Logistics Expediting System, an automation platform that supported his business. FLEX was a complete on-line tracking and management system that controlled all functions, from purchase order to delivery. The attractiveness of Fritz’s services was reflected in its results and subsequent years saw international growth and company expansion. Under his stewardship, Fritz Companies was transformed from a small domestic documentation company to a global organisation of 10,000 employees in 120 countries. His enduring contribution redefined a fragmented and limited services industry through the use of technology. In 2001, this successful growth strategy resulted in Fritz Companies being acquired by UPS launching them into the large freight shipment sector. He didn’t stop there, together with his wife Anisya, he created Fritz Institute to assist humanitarian organisations in delivering aid more effectively in the chaos of disasters.
Since then, Fritz Institute has been credited with numerous innovations in the effective delivery of disaster relief. TIACA’s
recognition of the service and coordination elements around the movement of International Air Cargo,” said Lynn Fritz. Fritz will be formally inducted into the Hall of Fame at the Executive Summit in San Francisco, CA, March 22-25.