DP World Prepared to Take on the Hyperloop Challenge
With the steady progress in the world of technology, the logistics and freight industries are striving hard to keep up with the pace. The advancement of on-demand logistics has greatly influenced the maritime industry and it will keep on increasing with time. it is being predicted that the e-commerce sector will grow rapidly and reach an incredible USD $4 trillion mark in a short span of two years. Following suit, the global freight transport will experience growth by a multiple of four by the year 2050. Similarly, the express delivery for high-priority shipments will undergo a fast development and will definitely cross the $516 million estimate by the year 2025. Not lagging behind, the go-to shipping procedure (meant for high-priority cargo) and the air freight demand will positively double in the coming 20 years. Undoubtedly, the revolutionary success of e-commerce has managed to create an overwhelming impact on multiple businesses and of course, on millions of customers.
DP World is renowned as a global player in the trade and supply chain logistics arena. The organization is responsible for operating numerous business ventures like logistics, maritime services, ancillary services, marine/ inland terminals etc. DP World is also involved with the supervision of various technology-driven solutions. The organization is focused on experimenting with and introducing newer technologies in the matters of port technology and automation. Since a long time, it has extended its unwavering support and cooperation to the Virgin Hyperloop One franchise and has encouraged it to realize its full potential to improve the logistics efficiency. DP World has earned its name as the largest single investor in Virgin Hyperloop One and has visualized a better scenario for on-demand freight transportation in the near future. Working closely with and maintaining cordial relationships with governments, exporters/importers, communities, shipping lines, etc., the organization is synonymous with providing top-notch services as a global expert in the maritime industry.
Virgin Hyperloop One is world-famous as the sole organization that has pioneered a fully operational hyperloop system. The Virgin Hyperloop One team is enriched with the contribution from leading experts in fields like transport project delivery, engineering, technology, etc. The DP World and Virgin Hyperloop One merged its resources to form the DP World Cargospeed venture, which is mainly associated with the concept of hyperloop-based cargo systems. The DP World is concerned with providing first-class services to its customers and ensuring the super-fast, reliable delivery of palletized cargo. Additionally, the price range will also be somewhat close to that of trucking. The partnership is much-raved about and will enhance the growth of not only the logistics industry but also build systematic supply chains across the globe. The DP World Cargospeed systems will be able to travel at unbelievably top speeds of 1000km/h, which will stimulate the transportation of high-priority, time-sensitive cargo and gradually extend the capacity of freight transportation.
DP World CEO Replaces the Chairman of Virgin Hyperloop One
Sir Richard Branson, Virgin Group Founder and ex-Chairman of Virgin Hyperloop One, is of the opinion that the global growth of e-commerce has become an integral component in controlling the business and customer behavior. He believes that on-demand deliveries will no longer remain a novelty in the long run. Instead, it will rule the logistics industry and lay the solid foundation of flourishing economic regions. Sir Branson himself decided to step down from his Chairman duties because he was not able to provide more time to this project owing to his increasing involvement in the philanthropic commitments with the Virgin Group. In a recent media release, he has clearly highlighted the fact that the company has been successful in acquiring key agreements in countries like Spain and India. Now, Virgin Hyperloop One wishes to further spread the groundbreaking Hyperloop technology in several US states.
The DP World CEO, Sultan Ahmed Bin Sulayem, has taken over as the new Chairman of Virgin Hyperloop One and will supervise the company’s strategies of commercializing the Hyperloop technology. He has put forward his views that cargo is essential as the “catalyst for transport revolutions”. Hence, a hyperloop-enabled cargo network will be extremely beneficial to encourage the swift transfer of on-demand deliveries. The new Chairman is now planning to convert Virgin Hyperloop One’s visions into reality by utilizing the concept of hyperloop technology to the fullest. Bin Sulayem is channeling his driving force as a leader in hyperloop technology to implement innovation in the transport sector.
Bin Sulayem has chalked out a rock-hard strategy to introduce a new type of mass transportation system. Jay Walder, a Partner at McKinsey who recently conducted the Global Infrastructure Practise, will be associated with this new venture as the CEO. In a recent interview, Walder has mentioned that he is delighted to be working for the organization that has pioneered the ingenious idea of using hyperloop to drive businesses. Walder can boast of a rich background in transportation and has drawn a lot of first-hand experience from running a well-known North American bike-share company, called the Motivate.
Pune-Mumbai Hyperloop Project
Virgin Hyperloop One has already declared the commencement of the Hyperloop project between the Indian cities of Mumbai and Pune. The company is all set to begin the construction work from 2019 and it will involve a test loop of 11kms between the two above-mentioned cities. The project is well-received by the Indian government because the transit time between these two major cities will be reduced to just 25 minutes, instead of 4 long hours! Indeed, this joint project will be phenomenal in ameliorating the business conditions presiding in our country. The establishment of a swift connection between Mumbai and Pune is extremely necessary and the Hyperloop will play an instrumental role in bridging the gap.
Though it was formed not long ago, the Virgin Hyperloop One franchise is steadily gaining momentum as a high-speed, futuristic transportation company. The company has achieved unparalleled success in forming long-term partnerships, raising sufficient capital, conducting high-speed technology tests and finally, organizing feasibility studies. As of now, the company is concentrating on the Pune-Mumbai Hyperloop venture and advertising it as a public infrastructure project.
