NYK: Staying Ahead with Digitalization, Green
By Joseph R Fonseca
Thursday, March 29, 2018
Nippon Yusen Kabushiki Kaisha ( NYK ) announced that NYK has formulated the new medium-term management plan “Staying Ahead 2022 with Digitalization and Green”. The new medium-term management plan states NYK’s corporate vision and management approach over the next five years from April 2018, which are designed to achieve sustainable growth by expeditiously adapting to thealtering business environment.
The business environment surrounding NYK group is increasing its uncertainty as a consequence of today’s volatile shipping market condition, rising geopolitical risk and rapid technological evolution.
To survive in such uncertain times, NYK group will take optimal actions to reduce market volatility and improve its profit by further reconfiguring its business portfolio and securing stable-freight-rate business. Also, NYK group will accelerate its growth by advancing its activities with a focus particularly on the keywords “Digitalization” and “Green”.
This new challenge is to transform the entire supply chain environmentally sustainable as well as to produce innovative values in the field of renewable energy, by ideally combining NYK’s core competence with advanced elemental technologies in the market. NYK Group will deliver new values with the constant “staying half a step ahead” spirit, promoting each and every employee to develop their “realization” and “materialization” skills.
In addition, to further accelerate efforts to establish a stable business base and enrich its corporate value, NYK Group ensures management transparency and enhancement of its corporate governance.
The outline of the new medium-term management plan is shown as below.