Brazil’s leading steel producer, Gerdau, with an eye on market opportunities and challenges, entered into a strategic partnership with Vector, a joint venture between Bunge and Target for the digital contracting of freight and other services, for the creation of Vector Cluster Industrial. Closing of the deal is subject to approval of the transaction by the Administrative Council for Economic Defense CADE. Vector is a digital platform for contracting logistics solutions that aims to facilitate management, through digital transformation, for shipping companies, and maximize productivity and gains for truck drivers, especially self-employed ones. Vector Cluster Industrial, which will have the same concept and the same service offer, but with a focus on the industrial sector, will be part of the portfolio of companies of Gerdau Next, Gerdau's new business division, whose mission is to diversify the portfolio of the Brazilian multinational with businesses complementary to steel. The technology developed by Vector, which will be used in the industrial cluster, is a pioneer in the market with a focus on end-to-end process integration, integrating the shipper's operating system with the loading and unloading locations. This allows not only the scheduling of freight but also the distribution, via the system, of all transport documents, guaranteeing the load to the driver without any need for contact between the parties. The solution also eliminates a face-to-face step in the process, as the loading order is issued digitally, when freight is accepted in the application. The platform developed by Vector not only creates efficient collaboration between companies and drivers, planning the driver's entire journey throughout the trip, but also improves the truck driver's quality of life, productivity and income, which is one of the main focuses of the application. The initiative aims to benefit and serve the truck driver, who is a user of the system, whose information is shared online and on-time., bringing time and cost optimization and, therefore, more gains to drivers. In addition, it also offers financial services, including financing for working capital, insurance for cargo and means of payment. By integrating this collaborative ecosystem, the driver becomes part of a community and with more opportunities than when acting alone.
Brazil’s leading steel producer, Gerdau, with an eye on market opportunities and challenges, entered into a strategic partnership with Vector, a joint venture between Bunge and Target for the digital contracting of freight and other services, for the creation of Vector Cluster Industrial. Closing of the deal is subject to approval of the transaction by the Administrative Council for Economic Defense CADE. Vector is a digital platform for contracting logistics solutions that aims to facilitate management, through digital transformation, for shipping companies, and maximize productivity and gains for truck drivers, especially self-employed ones. Vector Cluster Industrial, which will have the same concept and the same service offer, but with a focus on the industrial sector, will be part of the portfolio of companies of Gerdau Next, Gerdau's new business division, whose mission is to diversify the portfolio of the Brazilian multinational with businesses complementary to steel. The technology developed by Vector, which will be used in the industrial cluster, is a pioneer in the market with a focus on end-to-end process integration, integrating the shipper's operating system with the loading and unloading locations. This allows not only the scheduling of freight but also the distribution, via the system, of all transport documents, guaranteeing the load to the driver without any need for contact between the parties. The solution also eliminates a face-to-face step in the process, as the loading order is issued digitally, when freight is accepted in the application. The platform developed by Vector not only creates efficient collaboration between companies and drivers, planning the driver's entire journey throughout the trip, but also improves the truck driver's quality of life, productivity and income, which is one of the main focuses of the application. The initiative aims to benefit and serve the truck driver, who is a user of the system, whose information is shared online and on-time., bringing time and cost optimization and, therefore, more gains to drivers. In addition, it also offers financial services, including financing for working capital, insurance for cargo and means of payment. By integrating this collaborative ecosystem, the driver becomes part of a community and with more opportunities than when acting alone.
