Hyperloop One has announced plans to empower manufacturing and its adjacent sectors with the potential for increased value creation, faster lead times and lower costs when compared to traditional alternatives.
The company has recently revealed new images demonstrating the progress made at the DevLoop, the world’s first and only full-scale Hyperloop test track.
Set to have a disruptive effect on manufacturing, warehousing and supply chain distribution throughout the GCC and beyond, Hyperloop One aims to reinvent transportation to eliminate the barriers of distance and time. Traveling at speeds of 1080 km/h, Hyperloop will enable travel between cities in the GCC in under an hour, enabling disruption that will create new opportunities in manufacturing, warehousing and supply chain distribution.
Senior Vice President of Hyperloop One’s Global Operations, Nick Earle, delivered the closing key note at the Global Manufacturing and Industrialisation Summit (GMIS) in Abu Dhabi recently, bringing to light the effect that Hyperloop One will have on manufacturing, logistics, supply chain and warehousing.
The keynote, entitled ‘Hyperloop and Manufacturing – This Changes Everything,’ highlighted the ways in which the aforementioned sectors will benefit – including increased capital due to reducing finished goods inventories by 25 percent, access to 10 times larger talent pools with the same commute time and saving up to 80 percent on real estate costs, as well as shorter lead times, reduced freight spend and slashed CO2 emissions.
“As the only company in the world building an operational Hyperloop system, Hyperloop One is focused on creating a new mode of transportation to move people and cargo,” said Earle. “Hyperloop One changes everything. We’re committed to enabling disruption to create new opportunities in manufacturing, warehousing and supply chain distribution. Hyperloop will drive significant value for a wide range of businesses and reinvent transportation as we know it.”
In the GCC, the cargo transportation market was worth approximately $35 billion in 2016, according to McKinsey & Co. Of this, Hyperloop One has an addressable share of around $12 billion, excluding short-haul, intra-city shipping and low-value commodity freight such as oil and chemicals, metals and minerals and agriculture and food products.
“The UAE has a progressive vision for transforming its economy, and Hyperloop One plays right into that by increasing access to the region and beyond,” said Shervin Pishevar, Executive Chairman and Co-Founder of Hyperloop One. “At Hyperloop One, we’re committed to enabling disruption, and we recognise the importance of partnership in being able to realise the full potential of developing robust ecosystems that are needed to support Hyperloop’s capacity. In this sense, we’re thinking beyond the benefits that Hyperloop will offer companies; connecting the GCC with Hyperloop will enable governments to address the region’s youth bulge, by providing young jobseekers with the opportunity to explore new, exciting job prospects. As an entrepreneur myself, I can understand the value of having an accessible ecosystem.”
During GMIS, Hyperloop One announced the launch of the Hyperloop One Partner Program, which is designed to create mutually beneficial, structured relationships between Hyperloop One and the company’s global partners. The programme will help partners build expertise in Hyperloop One solutions, increase revenue, build industry recognition and provide inside access to understand and influence Hyperloop One’s strategy. As the industry’s first partner programme, it will unite an innovative partner ecosystem to make the next mode of transportation a reality.