New industry partnerships: GM, AVEVA, Hyundai, and more
Collaboration is an integral part of any industry, and this principle is especially true for the manufacturing sector. Companies, organizations, and institutions frequently team up to develop new products, introduce innovative services, and disrupt the manufacturing status quo. In this roundup, we highlight the recently announced partnerships that promise to change the industrial landscape in unique and groundbreaking ways.
Partnership: Nulogy and Kinaxis
Goal: Nulogy specializes in supply chain collaboration solutions, while Kinaxis focuses on supply chain orchestration. Together, they hope to catalyze fast-moving consumer goods (FMCG) and life science brands and their supplier networks to work together more effectively through digital transformation solutions.
Quote: "Given the speed and volatility of today's global market, it is more important than ever for brand manufacturers to digitally synchronize with their supplier communities in order to respond with agility. Through our partnership with Kinaxis, we look forward to collaborations that will elevate the performance of supply chain networks around the world." - Jason Tham, CEO at Nulogy
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Partnership: General Motors and Hyundai Motor Company
Goal: The two automotive companies will look for ways to leverage their complementary scale and strengths to reduce costs and bring a wider range of vehicles and technologies to customers faster.
Quotes: “GM and Hyundai have complementary strengths and talented teams. Our goal is to unlock the scale and creativity of both companies to deliver even more competitive vehicles to customers faster and more efficiently,” - Mary Barra, GM Chair and CEO
“This partnership will enable Hyundai Motor and GM to evaluate opportunities to enhance competitiveness in key markets and vehicle segments, as well as drive cost efficiencies and provide stronger customer value through our combined expertise and innovative technologies,” - Euisun Chung, Hyundai Motor Group Executive Chair
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Partnership: REE Automotive and Motherson Group
Goal: Per the companies’ agreement, Motherson will manage sourcing and supply chain of all production parts and support the assembly of the REEcorner and REE P7 electric trucks.
Quote: “We are very excited to enter into this agreement with Motherson, as I believe this agreement will enable us to leapfrog over many of the challenges others face when ramping up production. Motherson’s global footprint and manufacturing prowess combines perfectly with REE’s technology and innovation mindset. This combination will benefit our customers and investors alike, by pushing forward the transition towards electrification and carbon neutrality. We are proud to join forces with Motherson and looking forward to learning from their incredible story and amazing culture.” - Daniel Barel, REE Co-founder and CEO
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Partnership: AVEVA and Vulcan Energy Resources (VER)
Goal: AVEVA will support VER’s initiative to become the world’s first lithium company with a carbon neutral footprint by providing digital solutions for VER’s €1.5 billion engineering project in Germany’s Upper Rhine Valley.
Quote: “This collaboration supports our commitment to driving digital transformation and sustainability throughout the lifecycle of industrial assets. By collaborating with AVEVA, Vulcan can harness the full power of CONNECT to ease collaboration and accelerate the software underpinning their ground-breaking lithium technology.” - Caspar Herzberg, CEO, AVEVA.
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Partnership: AVEVA and Oxford Quantum Circuits (OQC)
Goal: AVEVA will bring the power and capability of quantum computing to OQC’s customers, saving them time and money and reducing power consumption.
Quote: “Quantum computing is set to revolutionise every sector with faster and more nuanced information processing. Through OQC’s capabilities, quantum is now a tangible, accessible asset for businesses like AVEVA to utilise for experimentation. We look forward to unlocking its potential for their customers.” - Gerald Mullally, CEO, Oxford Quantum Circuits
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