Bunge, a world leading agri-food company, and Target, a South American logistics and technology solutions provider, are partnering to form Vector, a new enterprise focused on digitizing truck freight hiring and other services in Brazil. The two companies successfully collaborated in the creation of the freight contracting app Vector, launched last year and used in Bunge's operations in Brazil. Named after the app, the new standalone company will now offer the platform’s logistics services to other companies. Vector can help increase drivers’ productivity by mapping logistics flows and process integration to finding synergies that reduce idle time for them while reducing logistics costs for companies.
Bunge and Tech Consultancy Target Launch Vector, New Logistics Enterprise in Brazil
May 06, 2021
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