J.B. Hunt Transport Services is committing to supply chain education with the launch of two new funds at the University of Arkansas.
The Lowell-based transportation and logistics company is establishing two funds at the Sam M. Walton College of Business: the J.B. Hunt Transport Services Inc. Inclusion in Supply Chain Endowed Scholarship Fundand the J.B. Hunt Transport Services Inc. Supply Chain Management Department Current Use Accelerator Fund.
“Since launching our collaboration in December, we have identified several opportunities to improve inclusion and sustainability that we are excited to ignite,” Shelley Simpson, chief commercial officer and executive vice president of people and human resources at J.B. Hunt, said in a statement. “These funds will help jumpstart immediate needs while creating a long-term initiative to ensure that pursuing a career in supply chain is available to everyone.”
The Inclusion in Supply Chain Endowed Scholarship Fund is aimed at encouraging students to enter the supply chain industry. The company has launched the ongoing scholarship fund with a $1 million investment.
As part of this program, Walton college students must be working toward a supply chain undergraduate degree and “demonstrate their potential to advance inclusivity,” according to a J.B. Hunt release. The scholarship recipients are determined by the Walton College Department of Supply Chain Management head.
The accelerator fund is designed to advance inclusivity and sustainability initiatives at the Walton College of Business. These initiatives include the J.B. Hunt Transport Services, Inc. Inclusion Education and Thought Leadership Fund and the J.B. Hunt Transport Services, Inc. Sustainable Supply Chain Management Research, Innovation and Education Fund.
J.B. Hunt Transport Services invested $250,000 in the accelerator fund.