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DP World and Renault F1Team have signed an agreement making DP World the Global Logistics Partner andTitle Partner of the team, which will become the Renault DP World F1 Team asfrom the 2020 season.
Underthe partnership, teams from DP World, Renault Sport Racing and Groupe Renaultwill leverage the F1 global marketing platform and collaboratively exploreopportunities to increase the efficiency of their supply chain.
DPWorld is a world leader in trade and is rapidly transforming into the leadingprovider of global supply chain solutions for cargo owners. Its history goesback to 1972 at Port Rashid in Dubai, in the United Arab Emirates. Today, thecompany has a team of over 50,000 people working at more than 150 operationsaround the world. With a strategically-located network of ports, parks, logistics, economic zones and marineservices in both mature and high-growth markets around the globe, DP Worldoperates a vast network of interconnected infrastructure assets along thesupply chain.
JérômeStoll, Renault Sport Racing Chairman, commented: “We are delighted and honoured towelcome DP World to the Renault family. This is an extremely interesting andexciting collaboration across multiple disciplines. We look forward to workingwith DP World, a leading global logistics provider, to explore ways ofimproving our efficiency and mitigating our environmental impact. After theambitions expressed by Formula One to become fully carbon neutral by 2030, weare constantly evaluating ways to reduce our carbon footprint and ourturnaround time. We expect that working with DP World will reveal opportunitiesfor tangible solutions to some of the logistical challenges faced by our F1team’s supply chain and by extension, the automotive industry at a largerscale. We also look forward to cross-fertilising our engineering skills throughshared innovation.”
SultanAhmed Bin Sulayem, Group Chairman and Chief Executive Officer, DP World, said: “One of our strategicobjectives has been to develop innovative logistics solutions for theautomotive sector. This partnership is a first step in the exploration of waysto make the global automotive supply chain more efficient by lowering costs,increasing speed and transparency, and mitigating the environmental impact.
“Inaddition to the unquestionable value of the marketing platform, Formula 1 isthe most technologically intensive sport in the world, incorporating theadvanced usage of data to create ever-increasing efficiency on the track. Sotoo, DP World leverages technology, exploits data and embraces innovation toenable more efficient logistics and smarter trade for its customers, creating abetter future for all.”
