Digital Catapult takes supply chain initiative worldwide
4 Sep 2024
Digital Catapult has launched the first international version of its Supply Chain Accelerator, employing deep tech solutions to capitalise on the massive increase in cross-border trade.
This involves two initiatives, one focused on seamless trade across borders and the other on product carbon footprint measurement, designed to boost supply chain resilience and sustainability respectively.
Its global Seamless Trade Across Borders project, is supported by Leonardo UK, BAE Systems, BT Group and the International Chamber of Commerce. An estimated 60% of international trade transactions are predicted to be digitalised by the end of the decade; the project is aligned with the Government’s Electronic Trade Documents Act – intended to unlock a potential £25 billions-worth of economic growth.
Participating tech providers include eTEU, Linear-works, Parkway logic (Exabler) and Kavida AI each receive £85,000 to develop their individual solutions.
In the last decade, the volume of cross-border trade has increased by around 25%, demonstrating the economic value of imports and exports, and the need to streamline international trade processes
Tim KLawrence, director, Digital Supply Chain Hub
Director of the Digital Supply Chain Hub Tim Lawrence said: “In the last decade, the volume of cross-border trade has increased by around 25%, demonstrating the economic value of imports and exports, and the need to streamline international trade processes.
Through the application of deep tech solutions, participating companies will be empowered to solve some of the most pressing global supply chain challenges, and advance industrial sustainability around the world.”
The Product Carbon Footprint Measurement project has been set up In collaboration with the Partnership for Carbon Transparency (PACT) and supported by Unilever, GS1 UK and the Department for Environment, Food and Rural Affairs
Company collaborators Altruistiq and Siccar will receive up to £125,000 to develop cutting edge solutions to improve the carbon management process including reporting on Scope 3 emissions.
In the UK, funded by UK Research and Innovation (UKRI), the Digital Catapult’s Digital Supply Chain Hub has to date enabled more than 40 startups and SMEs to secure funding in excess of £3 million.To learn more about the programme and how to collaborate with supply chain leaders, click here.
