CMA CGM’s Ze Box and PSA unboxed have agreed to collaborate to drive digitalization and innovation in the shipping and supply chain ecosystem through start-ups.
Ze Box is CMA CGM’s corporate venture capital arm that invests in start-ups with innovations that bring value to the group, while PSA unboxed is PSA international’s external innovation and corporate venture capital arm.
Under the MoU, both companies will collaborate on resources to support the growth of each other’s ecosystem, on innovation programs to address industry problems, and on shared mentorship programs to encourage the growth of start-ups in the sector.
Ze Box is also set to create a satellite office within PSA unboxed premises in Singapore to further facilitate the collaboration.
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Chairman and Chief Executive Officer from CMA CGM Group, Rodolphe Saadé, said, “We are delighted to work with PSA unboXed on this initiative.
“Through this collaboration, we will mentor startups and offer them access to key knowledge and expertise, so that they are well-placed to succeed.
“This partnership will accelerate our digital strategy to achieve better customer experience and operational efficiency.”
Group Chief Executive Officer from PSA International, Tan Chong Meng, said, “We are very glad to work with CMA CGM’s Ze Box.
“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 seek to co-create meaningful and impactful solutions in the face of technological disruptions and changing customer needs.”