Saturday, July 20, 2024

Gatik and ITOCHU Form Strategic Alliance to Transform the Future of B2B Short-Haul Logistics

ITOCHU Corporation, one of Japan’s largest general trading and investment companies, and Gatik, the market leader in autonomous middle mile logistics, announced a strategic partnership and investment from ITOCHU in Gatik to accelerate the deployment and scaling of Gatik’s autonomous delivery network across North America. This collaboration aims to further transform the B2B middle-mile logistics sector by leveraging Gatik’s proven autonomous vehicle technology and ITOCHU Corporation’s extensive automotive resources and expertise.

This collaboration is the latest in a series of strategic partnerships that Gatik is leveraging to revolutionize the North American logistics landscape through the deployment of Freight-Only at scale. By working directly with industry leaders, Gatik is directly addressing the logistics sector’s mounting pressures, including surging e-commerce demands, critical driver shortages, and rising operational costs. Together, these partnerships are reshaping the industry to meet the increasing expectations of end-consumers while alleviating the strain on traditional logistics infrastructure. Gatik’s partnership with ITOCHU underscores the industry’s growing confidence in Gatik’s technological leadership and its commitment to addressing the increasing demands of the logistics sector.

“We’re thrilled to strengthen our relationship with ITOCHU, further solidifying Gatik’s position as the leading provider of autonomous transportation as a service for the middle mile,” said Philip Reinckens, Gatik’s Senior Vice President of Commercialization and Operations. “This partnership is another example of the growing momentum and investment behind our technology and operations and a testament to the increasing demand for safe, reliable autonomous logistics. Together with our growing list of partners, we’re looking forward to continuing to transform the sector for the benefit of our Fortune 500 customers and their end consumers.”

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Gatik‘s cutting-edge autonomous technology aligns perfectly with our goal to expand our downstream presence in the US automotive market and revolutionize logistics services,” said Atsushi Kuromi, General Manager, ITOCHU Corporation. “With their demonstrated safety record and methodical approach to scaling, we see immense potential in Gatik’s ability to further optimize middle mile delivery, address driver shortages, and ultimately create a more sustainable and efficient supply chain for the benefit of consumers. This strategic partnership not only strengthens our existing operations but also opens doors for innovative solutions across our global network.”

SOURCE: Businesswire

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