CMA CGM’s Ze Box and PSA unboXed have signed a memorandum of understanding to drive digitalization and innovation in the shipping and supply chain ecosystem.
Ze Box is CMA CGM’s corporate venture capital arm that invests in startups with innovations that bring strategic value to the CMA CGM Group, while PSA unboXed is PSA International’s external innovation and corporate venture capital arm.
Under the terms of the agreement:
• Ze Box and PSA unboXed will support the growth of each other’s ecosystem through the collaboration of resources.
• Ze Box and PSA unboXed will collaborate through their corporate innovation programs to address industry problems. They will leverage each other’s industry knowledge and experience in shipping and supply chain management to provide problem statements as well as real-life solutioning capabilities, test-bed ideas and achieve better customer experiences and operational efficiency.
Ze Box and PSA unboXed will support each other’s mentorship programs by providing experienced mentors to help the growth of startups.
Ze Box will set up a satellite office within PSA unboXed’s facility in Singapore.
“Through this collaboration, we will mentor startups and offer them access to key knowledge and expertise so that they are well placed to succeed,” said Rodolphe Saadé, chairman and CEO of CMA CGM Group.
Tan Chong Meng, group chief executive officer of PSA International, said, “Logistics is a team sport, and PSA and CMA CGM have different and yet complementary strengths in the global supply chain. This technological collaboration will add depth and diversity to our respective innovation efforts as we seed to co-create meaningful and impactful solutions in the face of technological disruptions and changing customer needs.”
Under the terms of the agreement:
• Ze Box and PSA unboXed will support the growth of each other’s ecosystem through the collaboration of resources.
• Ze Box and PSA unboXed will collaborate through their corporate innovation programs to address industry problems. They will leverage each other’s industry knowledge and experience in shipping and supply chain management to provide problem statements as well as real-life solutioning capabilities, test-bed ideas and achieve better customer experiences and operational efficiency.
Ze Box and PSA unboXed will support each other’s mentorship programs by providing experienced mentors to help the growth of startups.
Ze Box will set up a satellite office within PSA unboXed’s facility in Singapore.
“Through this collaboration, we will mentor startups and offer them access to key knowledge and expertise so that they are well placed to succeed,” said Rodolphe Saadé, chairman and CEO of CMA CGM Group.
Tan Chong Meng, group chief executive officer of PSA International, said, “Logistics is a team sport, and PSA and CMA CGM have different and yet complementary strengths in the global supply chain. This technological collaboration will add depth and diversity to our respective innovation efforts as we seed to co-create meaningful and impactful solutions in the face of technological disruptions and changing customer needs.”
