DP WORLD TO BECOME RENAULT F1 TEAM GLOBAL LOGISTICS PARTNER AND TITLE PARTNER
DP World to work with Renault Sport Racing and Groupe Renault on supply chain efficiency
Dubai/Paris, 11 March 2020: DP World and Renault F1 Team have signed an agreement making DP World the Global Logistics Partner and Title Partner of the team, which will become the Renault DP World F1 Team as from the 2020 season.
Under the partnership, teams from DP World, Renault Sport Racing and Groupe Renault will leverage the F1 global marketing platform and collaboratively explore opportunities to increase the efficiency of their supply chain.
DP World is a world leader in trade and is rapidly transforming into the leading provider of global supply chain solutions for cargo owners. Its history goes back to 1972 at Port Rashid in Dubai, in the United Arab Emirates. Today, the company has a team of over 50,000 people working at more than 150 operations around the world. With a strategically-located network of ports, parks, logistics, economic zones and marine services in both mature and high-growth markets around the globe, DP World operates a vast network of interconnected infrastructure assets along the supply chain.
Jérôme Stoll, Renault Sport Racing Chairman, commented: “We are delighted and honoured to welcome DP World to the Renault family. This is an extremely interesting and exciting collaboration across multiple disciplines. We look forward to working with DP World, a leading global logistics provider, to explore ways of improving our efficiency and mitigating our environmental impact. After the ambitions expressed by Formula One to become fully carbon neutral by 2030, we are constantly evaluating ways to reduce our carbon footprint and our turnaround time. We expect that working with DP World will reveal opportunities for tangible solutions to some of the logistical challenges faced by our F1 team’s supply chain and by extension, the automotive industry at a larger scale. We also look forward to cross-fertilising our engineering skills through shared innovation.”
Sultan Ahmed Bin Sulayem, Group Chairman and Chief Executive Officer, DP World, said: One of our strategic objectives has been to develop innovative logistics solutions for the automotive sector. This partnership is a first step in the exploration of ways to make the global automotive supply chain more efficient by lowering costs, increasing speed and transparency, and mitigating the environmental impact.
In addition to the unquestionable value of the marketing platform, Formula 1 is the most technologically intensive sport in the world, incorporating the advanced usage of data to create ever-increasing efficiency on the track. So too, DP World leverages technology, exploits data and embraces innovation to enable more efficient logistics and smarter trade for its customers, creating a better future for all.
We are the leading provider of smart logistics solutions, enabling the flow of trade across the globe. Our comprehensive range of products and services covers every link of the integrated supply chain – from maritime and inland terminals to marine services and industrial parks as well as technology-driven customer solutions.
We deliver these services through an interconnected global network of 127 business units in 51 countries across six continents, with a significant presence both in high-growth and mature markets. Wherever we operate, we integrate sustainability and responsible corporate citizenship into our activities, striving for a positive contribution to the economies and communities where we live and work.
Our dedicated, diverse and professional team of more than 56,000 employees from 134 countries are committed to delivering unrivalled value to our customers and partners. We do this by focussing on mutually beneficial relationships – with governments, shippers, traders, and other stakeholders along the global supply chain – relationships built on a foundation of mutual trust and enduring partnership.
We think ahead, anticipate change and deploy industry-leading technology to create the smartest, most efficient and innovative trade solutions, while ensuring a positive and sustainable impact on economies, societies and our planet.
Groupe Renault has manufactured cars since 1898. Today it is an international multi-brand group, selling close to 3.8 million vehicles in 134 countries in 2019, with 40 manufacturing sites, 12,800 points of sales and after-sales and employing more than 180,000 people.
To address the major technological challenges of the future, while continuing to pursue its profitable growth strategy, Groupe Renault is focusing on international expansion. To this end, it is drawing on the synergies of its five brands (Renault, Dacia, Renault Samsung Motors, Alpine and LADA), electric vehicles, and its unique alliance with Nissan and Mitsubishi Motors. With a 100% Renault owned team committed to the Formula 1 World Championship since 2016, the brand is involved in motorsports, a real vector for innovation and awareness.