French carrier CMA CGM and Singaporean operator PSA have agreed to collaborate to support each other and address industry problems after signing a Memorandum of Agreement (MoU).
The MoU states that CMA CGM’s start-up investment arm, Ze Box, and PSA’s external innovation and corporate venture capital arm, PSA unboXed, will share resources to support growth and collaborate on each other’s innovation programmes.
Rodolphe Saadé, chairman and CEO of the CMA CGM Group, said: “Through this collaboration, we will mentor startups and offer them access to key knowledge and expertise.
“This partnership will accelerate our digital strategy to achieve better customer experience and operational efficiency.”
The two will also support each other’s mentorship program, and Ze Box will set up a satellite office within PSA unboXed’s premises in Singapore.
Tan Chong Meng, group CEO 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 seek to co-create meaningful and impactful solutions in the face of technological disruptions and changing customer needs.”