Both parties, along with other partners, sign an MoU to launch the Global Emerging Supply Chain Technology (GESCT) in Singapore

Reefknot Investment, the joint venture capital fund of Temasek and Kuehne + Nagel, announced that it has launched the Centre of Excellence for Global Emerging Supply Chain Technologies (GESCT).

The initiative, it says, aims at being the Thought Leader for early-stage models and technologies in the supply chain and logistics industry. It was founded by Steve Leonard, Founding CEO, SGInnovate; Simon Fich, Head of Global Corporate Development, Kuehne + Nagel; and Marc Dragon, Managing Director, Reefknot Investments.

Also signing on as individual members of the GESCT are Wolfgang Lehmacher, Former Director & Head of Supply Chain and Transport Industries, World Economic Forum, and Kong Wai Wei, Global Supply Chain Director, Starbucks Corporation.

The GESCT has an ecosystem approach that seeks to drive learnings and synergies across the various participants.

Also Read: Temasek and Kuehne + Nagel to jointly invest in early-stage logistics startups

GESCT’s activities will include:

  • Contribution to the exchange of knowledge, publications and materials via regular forums, Expert Panels and Thought Leadership Papers
  • Co-development and curation of Supply Chain Business Models and Technology Trends
  • Active involvement with startups, corporates, and academia to drive learnings in this space

The current core team has five founding members that will curate and work together on the implications of new business models and technologies in the supply chain and logistics industry, along with ecosystem partners.

Reefknot marks the partnerships with the signing of a Memorandum of Understanding (MoU) with the founding GESCT members as a sign of commitment to working together for the sector’s innovation.

“As transformation within the supply chain and logistics space continues at an accelerated pace, information around new business models and technologies that influence and impact within and around this space remains fragmented, creating siloed bodies of knowledge. The GESCT aims to solve this,” said Marc Dragon, Managing Director of Reefknot Investments.

Steve Leonard, Founding CEO, SGInnovate said, “Supply chains are – by their very nature – often complex and globalised, with many people, partners and processes involved. We believe that exciting new areas of technology such as artificial intelligence have the potential to not only disrupt existing supply chain operating models but also reduce the environmental impact of current systems.”

Also Read: Temasek teams up with Swiss firm to launch a US$50M logistics fund in Singapore

Reefknot Investments is known to invest in high growth technology companies that the VC believes to be pushing new frontiers within the supply chain and logistics space.

It was officially launched earlier this month with a US$50 million fund.
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Picture Credit: Reefknot Investments

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