Tradewaltz Inc. Approved by METI’s Program for Supply Chain Resilience in the Indo-Pacific Region – toward collaborating with overseas trade platforms to streamline trade procedures among 5 Countries, Including Japan, Thailand, Singapore, Australia, and New Zealand
ABeam Consulting Ltd.
Toyota Tsusho Corporation
Sojitz Logistics Corporation
Mitsubishi Research Institute, Inc.
We are pleased to announce TradeWaltz Inc. (President&CEO: Hirohisa Kojima, hereinafter referred to as TradeWaltz,) has been approved by the Japan Machinery Federation for the Program for Supply Chain Resilience in the Indo-Pacific Region. We thank the following companies contributed to this achievement: ABeam Consulting Ltd.(President and CEO: Tatsuya Kamoi), Toyota Tsusho Corporation (President and CEO: Ichiro Kashitani), Sojitz Logistics Corporation (President and CEO: Fumihiko Sato), SYNCLOGISTICS INC. (President and CEO: Takahiro Ichiki), ZeroBoard Inc. (CEO: Michitaka Tokeiji), and Mitsubishi Research Institute, Inc. (Kenji Yuda, President and Representative Director, hereinafter “MRI”). （http://www.jmf.or.jp/topic01/2970.html）
■What is the Overseas Market Research Project (Program for Supply Chain Resilience in the Indo-Pacific Region)?
The Japan Machinery Federation has organized this project, commissioned by the Ministry of Economy, Trade and Industry to support private companies in establishing a robust supply chain in the Indo-Pacific region by covering partial expenses for conducting feasibility studies on visualization of supply chains, advance of logistics, verifications for streamlined trade procedures, and diversification of production bases.
■ Overview of the Approved Project
Through overseas demonstrations conducted in Singapore and Thailand in the past 2018-2019, we confirmed that Tradewaltz, a trade information linkage platform (hereafter PF), will contribute to improve efficiency by 60% in trade procedures in partner countries by expanding overseas or linking overseas trade PFs.
Based on the results, TradeWaltz proposed the project at the APEC2021 workshop held in New Zealand on May 11, 2021 to further strengthen the supply chain in the Indo-Pacific region. Tradewaltz (Japan), NTP (Singapore), NDTP (Thailand), and TradeWindow (Australia and New Zealand) will demonstrate that customs clearance can be made more efficient by linking the trade PFs of five countries and by connecting the electronic data of distribution channels that are used as the source of customs clearance information. As this is a national project to be led by Thailand, the 2022 APEC Presidency, the project’s results will be announced at APEC 2022 Summit on November 14, 2022 (*1).
In addition to the collaborative demonstration which will be conducted by Toyota Tsusho Corporation’s commercial distribution (*2) as announced before, we announce that the collaborative demonstration with TradeWindow (Australia) will be conducted with the support of Sojitz Logistics Corporation, and the collaborative demonstration with TradeWindow (New Zealand) will be conducted with the support of SYNCLOGISTICS INC.
■The project aims to enhance logistics by adding values such as electronic certificates of origin and CO2 measurement
In addition to the above-mentioned five-country trade platform linkage, this project aims to further improve the efficiency of trade procedures at import customs by linking Electronic Certificates of Origin (eCO) issued in digital data to TradeWaltz through the TradeWaltz and Chamber of Commerce system connection, and linking it to trade practitioners in the partner country or to the trade PF. This is aimed at further streamlining trade procedures at import customs. Also, in order to enable trading companies to operate in line with their decarbonization management policies, we will link TradeWaltz with zeroboard, a solution for measuring CO2 emissions from operations and supply chains, in an attempt to capture CO2 emissions in each trade.
(*TSE Prime listed companies are especially encouraged to measure emissions/GHG Protocol Scope 3 on their supply chains. https://newswitch.jp/p/31215）
In order to realize a sustainable and robust supply chain, it is necessary to make efforts to visualize and reduce environmental impacts and to change the supply chain to be more sustainable from an environmental perspective, and this project will help in this effort.
Comments from the representatives of the companies:
Hitoshi Utsugi, Executive Officer, Head of Trading Company Business Unit, ABeam Consulting Ltd.
Abeam Consulting has provided product planning and commercialization support to TradeWalz Inc. We will use our global consulting know-how to support the entire PMO of “Program for Supply Chain Resilience in the Indo-Pacific Region,” and we will make sure to accelerate the digitalization and ecosystem of the entire trading industry as a whole.
Kazuhiro Yoshida, General Manager of Logistics Department, Toyota Tsusho Corporation
We are very pleased that Tradewaltz has been selected for this program and feel an even greater sense of responsibility in promoting the transformation of the trading operations. We will continue to work hard for a better future for the industry.
Sojitz Logistics Corporation
We have high expectations for TradeWalz’s business, which is a next-generation form of business that no single company can do alone.We are honored to take part in this business approved by the program.
Takahiro Ichiki, President and CEO, SYNCLOGISTICS INC.
We believe that this trial, which will not only improve the efficiency of trade procedures but also lead to environmental protection, is a big step forward for the trading industry. The ability to obtain information from an export origin to the arrival at a destination in a single package through digitization is a great advantage in solving the problem of human resources. We hope to use this initiative as a foothold to promote the digitalization of our business, including that of our subcontractors and customers.”
Michitaka Tokeiji, CEO, ZeroBoard Inc.
We are very honored to participate in the project adopted by the Indo-Pacific Region Supply Chain Resilience Project. As companies are increasingly required to disclose the emissions of their entire supply chains, we will contribute to the carbon neutrality of international logistics as a whole with Tradewaltz that utilizes and collaborates with zeroboard for calculating and visualizing CO2 emissions from transportation.
Mitsubishi Research Institute, Inc.
Mitsubishi Research Institute, Inc. will work together with TradeWalz to help them achieve their goal of further improving operational efficiency and promoting DX in the trading industry, based on our long experience in trade digitization.
Satoru Someya, Managing Director, Head of CEO’s Office, TradeWaltz Inc.
It is our great delight that our company was selected by the Ministry of Economy, Trade and Industry for the Program for Supply Chain Resilience in the Indo-Pacific Region with the collaboration of many companies. Despite not being mentioned in the text, ABeam Consulting Ltd. will provide overall PMO support, and Mitsubishi Research Institute will provide data check support between PFs. As before, we will continue to promote international trade through like-minded companies.
Someya/Saito, CEO Office, TradeWaltz Inc. Email：firstname.lastname@example.org
Relations Department, Toyota Tsusho Corporation Tel: 03-4306-8200
Iona Yoshioka, Sojitz Logistics Corporation email@example.com
Public Relations, ZeroBoard Inc. Email：firstname.lastname@example.org
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