CMA CGM and PSA Sign MoU to Drive Digitalization

CMA CGM’s Ze Box and PSA unboXed have signed a Memorandum of Understanding (MoU) 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 start-ups with innovations that bring strategic value to CMA CGM, while PSA unboXed is PSA International’s external innovation and corporate venture capital arm.

Rodolphe Saadé, Chairman and Chief Executive Officer from CMA CGM Group said, “We are delighted to work with PSA unboXed on this initiative.

“Through this collaboration, we will mentor start-ups 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.”

Under the MoU, both companies will collaborate on the following areas:

• 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
• Ze Box and PSA unboXed will support each other’s mentorship program through the provision of experienced mentors to catalyse the growth of start-ups in the programmes
• Ze Box will set up a satellite office within PSA unboXed premises in Singapore

Tan Chong Meng, CEO, PSA International, 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.”

Read more: CMA CGM to Build AI Vessels