Renault Sport Racing is partnering with global logistics company DP World to increase supply chain efficiency while mitigating the environmental impact of their operations.
Together with seeking success in Formula 1 from this season through the newly named Renault DP World F1 Team, the companies will collaborate across multiple disciplines. Parent company, French carmaker Renault, has also signed up to the partnership.
“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,” said Jérôme Stoll, Renault Sport Racing’s chairman.
“We also look forward to cross-fertilising our engineering skills through shared innovation.”
With Formula 1’s organisers having set the sport the ambition to become fully carbon neutral by 2030, Renault Sport Racing is “constantly evaluating ways” to reduce its carbon footprint, he added.
Sultan Ahmed Bin Sulayem, chairman and CEO of Dubai-based 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.”