Highlighting the automotive industry supply chain among its strategic goals, DP World became both the global logistics provider and title sponsor of Renault's Formula 1 team.
Renault team will compete under the name of "Renault DP World F13 Team" at the Formula 15 Grand Prix to be held in Istanbul Park on 1-1 November.
Known for its innovative moves in the field of logistics, DP World prioritizes its investments in the automotive field among many industrial areas and sectors where it offers logistics solutions. DP World, which signed an agreement with Renault for this purpose, will be the global logistics of the Formula 1 team of this world brand. With the partnership of DP World, the name of the team is also changing. The team will compete under the name of “Renault DP World F13 Team” at the Grand Prix race to be held in Istanbul Park in Tuzla, Istanbul on 15-1 November.
Under the agreement signed last March, Renault and DP World will jointly use the marketing platform provided by Formula 1 and explore opportunities for the supply chain to be effective.
Kris Adams, CEO of DP World Yarımca, said that the global market in automotive logistics is expected to reach $ 2025 billion by 472,9. “With this agreement, which makes us both the name sponsor of the team and a global logistics partner, the parties will work together on innovative solutions that will increase the speed, efficiency and sustainability of the automotive supply chain,” said Adams. Adams continued as follows:
Our strategic partnership with "Renault DP World F1 Team" will not only help us create brand awareness in global markets. Renault's highly complex supply chain will benefit greatly from our data-centric approach and technology. Our approach to issues that goes beyond current automotive procurement habits will put us in an advantageous position in the global automotive logistics industry.
The lion's share of the logistics services provided by DP World Yarımca is currently taken by the automotive industry. Among the customers of the Yarımca terminal are prominent names such as Toyota, Hyundai, Honda, Ford, and Isuzu.
Formula 1 is the world's most tech-intensive sports event; Increasing its impact on the field requires advanced data usage. Not so different at DP World, by processing large amounts of data and using the latest technologies, it offers its customers more effective logistics services and smarter business opportunities to create a better future for all.
Daniel Ricciardo and Esteban Ocon will compete on behalf of the Renault DP World F13 Team at the Grand Prix to be held between 15-1 November at Istanbul Park in Tuzla, Istanbul. In addition, Renault DP World F1 Team has signed with Legend driver Fernando Alonso for the 2022 season.