DB Schenker partners Plug & Play for supply chain ideas
October 15, 2019
German logistics provider DB Schenker is looking for innovative ideas in logistics and supply chain technology through a partnership with Californian accelerator and venture capital investor Plug & Play.
The partnership gives DB Schenker access to Plug & Play's corporate innovation network. This lets it enter an open exchange with innovators and thought-leaders from more than 300 corporations and tens of thousands of start-ups.
"The logistics industry is changing at an unprecedented pace due to digital and technological disruptions,” said Markus Sontheimer, DB Schenker's CIO. “DB Schenker has been at the forefront of digital revolution in logistics and we will continue to drive change as a digital value generator for our customers. We are excited to partner with Plug & Play's unique and versatile network to start an exchange that leads us all forward in digitalising logistics."
Plug & Play is an innovation platform headquartered in Silicon Valley. It has built accelerator programmes, corporate innovation services and an in-house VC to make technological advancement progress faster. Since inception in 2006, its programmes have expanded worldwide to include a presence in over 25 locations giving start-ups the resources to succeed.
"With DB Schenker joining as anchor partner in Plug & Play Hamburg, our European headquarters for supply chain and logistics, we are excited to welcome a world-renowned expert in logistics to our network of corporates and start-ups," said Saeed Amidi, CEO of Plug & Play. "This space offers unprecedented opportunities and we're looking forward to exploring these together with DB Schenker in the months and years to come."
With more than 10,000 start-ups and 300 official corporate partners, Plug & Play says it has created the ultimate start-up ecosystem in many industries. It provides active investments with 200 Silicon Valley VCs, and hosts more than 700 networking events per year. Companies in its community have raised over $7bn in funding, with successful portfolio exits including Danger, Dropbox, Lending Club and PayPal.
DB Schenker has more than 75,800 employees at around 2000 locations around the world.