CEMEX invests in on-demand digital delivery solution
March 2, 2022
- PartRunner is a technology and logistics company that services the construction industry.
- Investment in PartRunner is aimed to streamline logistics, improve job site efficiency, shorten supply chain and reduce transportation costs in the construction industry.
- Scalable solution for dependable last minute and last mile construction materials delivery.
- This investment will drive efficiencies in distribution, contributing to a more sustainable scope 3.
CEMEX, S.A.B. de C.V. (“CEMEX”) and CEMEX’s open innovation and corporate venture unit, CEMEX Ventures, announced today their investment in PartRunner, an on-demand delivery platform for the construction and industrial sectors. This transaction is part of CEMEX´s strategy to invest in innovative construction startups to drive the construction industry revolution. This investment addresses a critical industry pain point of a complicated supply chain, particularly for small and medium size projects.
This investment aims to offer a last mile, last minute delivery solution to CEMEX distribution businesses and other customers in Mexico and the U.S. Likewise, PartRunner is a particularly attractive solution for contractors and project managers who are managing smaller jobsites with more frequent construction material deliveries.
The U.S.-based startup offers a multi-size truck fleet, suitable for any kind of order. Their digital platform integrates warehouses, retail locations and contractor jobsites, helping match the best delivery option considering the material requested, timing, location and type of vehicle needed, while ensuring a significant savings in delivery costs.
PartRunner addresses a particular challenge of contractors and distributors who may have limited availability and scale to provide the appropriate transportation vehicles and optimal logistics network. The platform allows its users to manage trips and requests through a user-friendly web and mobile app where clients can track their order in real-time, request multi-stops for maximum efficiency, review order details and delivery route, and even manage invoices and documentation.
“This solution serves a perfect match with CEMEX´s commitment to seek to provide our clients with more control over their businesses by enhancing the efficiency and transparency of the delivery of products and materials to the construction site” said Gonzalo Galindo, head of CEMEX Ventures. “Through this partnership, PartRunner will not only expand beyond its current markets in the United States but also launch the solution in major markets in Mexico”.
PartRunner will tap into CEMEX’s decades of experience in safe driving practices and its well-regarded new driver training program. As a result, their solution will be designed to make a difference in the delivery of materials in the construction industry by offering safer, more suitable transportation options while making it more transparent and efficient for all its clients.
PartRunner is an organization of experienced logistics professionals with a background in construction, trades and other service businesses. It enables companies to tap into its fleet of hundreds of trucks with a click of a button. Its services allow its users to increase productivity, reduce costs, and maximize output. For more information, please visit: https://www.partrunner.com/en/
CEMEX (NYSE: CX) is a global construction materials company that is building a better future through sustainable products and solutions. CEMEX is committed to achieving carbon neutrality through relentless innovation and industry-leading research and development. CEMEX is at the forefront of the circular economy in the construction value chain and is pioneering ways to increase the use of waste and residues as alternative raw materials and fuels in its operations with the use of new technologies. CEMEX offers cement, ready-mix concrete, aggregates, and urbanization solutions in growing markets around the world, powered by a multinational workforce focused on providing a superior customer experience, enabled by digital technologies. For more information, please visit: www.cemex.com
CEMEX assumes no obligation to update or correct the information contained in this press release. This press release contains forward-looking statements within the meaning of the U.S. federal securities laws. CEMEX intends these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements in the U.S. federal securities laws. These forward-looking statements reflect CEMEX’s current expectations and projections about future events based on CEMEX’s knowledge of present facts and circumstances and assumptions about future events, as well as CEMEX’s current plans based on such facts and circumstances. These statements necessarily involve risks and uncertainties that could cause actual results to differ materially from CEMEX’s expectations, including the investments to not reflect the results stated in this press release. The content of this press release is for informational purposes only, and you should not construe any such information or other material as legal, tax, investment, financial, or other advice. CEMEX is not responsible for the content of any third-party website or webpage referenced to or accessible through this press release.
Analyst and Investor Relations
Alfredo Garza / Fabián Orta