Mitsubishi Corporation: Seven-Member Partnership Commits to Warehouse DX Initiative
- New Cross-Industry Initiative to Address Challenges in Fulfillment -
TOKYO, Jul 01, 2022 - (JCN Newswire) - We are pleased to announce that a partnership of seven entities has today agreed to undertake a joint initiative to promote digital transformations (DX) in Japan's warehousing industry. The partnership members are Mitsubishi Corporation (MC), Mitsubishi Corporation LT, Inc. (MCLOGI), UTokyo Innovation Platform Co., Ltd. (UTokyo IPC), Prologis, Mitsui Fudosan Co., Ltd.,* Mitsubishi HC Capital Inc., and Mitsubishi Estate Co., Ltd. Today MC also transferred its own warehouse DX operations to its newly established subsidiary Gaussy Inc. (Gaussy), in which each of the partnership's other six members has acquired a capital interest. The businesses to be undertaken by Gaussy include provision of the warehouse robot subscription service "Roboware," which was launched by MC in 2020, and the warehouse sharing service "WareX." The new subsidiary's aim will be to develop platforms to connect warehouse users and providers in ways that will improve logistics and fulfillment processes across different industries. *Mitsui Fudosan's investment comes via its own venture capital fund, 31 Ventures Global Innovation Fund II. Challenges in the Warehousing Industry Supply chains connecting producers and consumers are made possible through effective combinations of storage- and transportation-based logistics capabilities. Japan's domestic warehousing market is central to those supply chains and worth approximately seven trillion yen; various negative pressures including labor shortages, dependencies on specific individuals for certain jobs and lease agreements have resulted in inflexible inventory capacities, which has in turn contributed to wasteful, inconsistent and burdensome fulfillment practices throughout numerous industries. Other countries, such as the US and China, are facing similar challenges, which has prompted innovators to develop new business models such as self-driving warehouse robots and schemes that allow users to share vacant warehouse spaces. Gaussy's Warehouse DX Services Considering that the "Roboware" subscription service allows anyone, regardless of their background or skills, to use robots to easily manage their warehouse facilities, it presents a viable solution to the labor-shortage and overreliance problems mentioned above. "WareX" is a similarly straightforward system that anyone can use to share available warehouse space, thus addressing the problems of limited or excess capacities. Gaussy will offer customers both of these services, the former (Roboware) of which employs five types of warehouse robots and has already been rolled out in 14 facilities across Japan, and the latter (WareX) of which has more than 1,000 facilities registered on its nationwide system. Large, medium and small enterprises alike have all been taking advantage of "WareX," as it provides them with an efficient way to lease vacant warehouse spaces on a pay-as-you-go basis. Driven by its vision to create new opportunities in logistics, Gaussy is committed to developing flexible mechanisms that will adapt to evolving warehousing needs and cargo volumes. All of its partners look forward to offering fulfillment customers with new and unprecedented options for their businesses.
Roboware: https://roboware.ai/ WareX: https://warex.ai/ Our Partnership Today, coinciding with MC's transfer of its warehouse DX operations to Gaussy, each of the six other members in our partnership acquired a capital interest in the new company, five through third-party share allotments (UTokyo IPC, Prologis, Mitsui Fudosan, Mitsubishi HC Capital, and Mitsubishi Estate) and one (MCLOGI) through a transfer of Gaussy shares owned by MC. Through this cross-industrial and cross-business partnership between industry and academia, each of our seven entities shall endeavor to create its own solutions to the problems impacting the warehousing sector by bringing to the table its unique assets, including digital technologies, know-how and networks in logistics properties, financial expertise and so on. Partner Comments UTokyo IPC Logistics continues to have an increased impact on business and society, while the logistics industry continues to face various issues, e.g., a surge of just-in-time transport and the labor shortage, to name a few. We are delighted and honored to take part in the cross-sector partnership under which Gaussy, the leading partner with visions and expertise, will address these issues. We look forward to working together for Gaussy's success as well as the acceleration of social transformation through collaboration between multiple stakeholders, including academia. Prologis As the global leader in logistics real estate, Prologis develops, owns and manages nearly 4,700 logistics facilities in 19 countries around the world. In light of the increasing challenges that our customers are facing, Prologis endeavors to provide solutions beyond the logistics real estate. Through this partnership, we strive to provide further efficiencies by taking advantage of unused warehouse space in addition to providing labor solutions. Moreover, we hope to leverage our global scale to support Gaussy's future global expansion. Mitsui Fudosan Under its Mitsui Fudosan Logistics Park (MFLP) brand, Mitsui Fudosan has been engaged in the logistics property business for roughly a decade since its launch in 2012. This partnership will enable us to promote logistics-oriented DX in ways that should help the industry adapt to an evolving society. As a partner to all of our tenants, we look forward to taking on new roles in value creation that connects goods, labor and services in our properties. Mitsubishi HC Capital Mitsubishi HC Capital has been working on solving issues surrounding the logistics sector such as the workforce shortage, and growing environmental impact, with our partners, to create sustainable societies and improve people's quality of life. Mitsubishi HC Capital intends to leverage this partnership to offer Gaussy a set of diverse functions built up through many years of experience, which include both financing and ownership and management of asset. By doing so, we aim to be a valued partner in the new company's aim to meet customer needs with efficient and user-friendly services. Mitsubishi Estate Mitsubishi Estate has been working on its own brand of logistics facilities developments called Logicross, which services customers across a wide array of businesses. We are keen to partake in this partnership, not only to construct the facilities, but also to enhance our services' customer-satisfaction rates and work in step with the other members to help identify new logistics solutions. MCLOGI As a logistics-solutions provider, MCLOGI's business is to optimize its customers' storage-and-distribution operations. This partnership allows us to extend the full breadth of our logistics know-how and planning-and-design functions to Gaussy, which should raise its corporate value and help to develop the solutions needed to enrich society and stimulate economic growth. MC Here at MC, we are proud to have forged value chains in many different industries. In recent years, we have also been pursuing DX projects designed to help address challenges in warehousing, as that sector will be key to enhancing the sustainability of those value chains. Societal challenges cannot be met by one entity acting alone, but the partnership we have entered into today will make those solutions possible and help us to co-create expansive value. This value will also have the potential to boost Gaussy's corporate value, and ultimately help to realize a more affluent and prosperous society.
Inquiry Recipient: Mitsubishi Corporation Telephone:+81-3-3210-2171 Facsimile:+81-3-5252-7705
Source: Mitsubishi Corporation Sectors: Digitalization
Copyright ©2024 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.
|
Latest Release
![NTT DOCOMO](http://www.jcnnewswire.com/image/toppage/Docomo_Top.jpg) DOCOMO and NTT Com Jointly Demonstrate Practicality of DOCOMO's New Multi-platform Cloud-rendering Technology Jul 26, 2024 17:05 JST
| ![Tanaka Holdings Co., Ltd.](http://www.jcnnewswire.com/image/toppage/Tanaka_Logo_2s.jpg) TANAKA Precious Metals Provided Award Items and Ceremony Souvenirs for the International Friendly Matches of the Japan Men's National Blind Football Team at the "DAICEL Blind Football Japan Cup 2024 in Osaka" on July 7 Jul 26, 2024 03:00 JST
| ![Eisai](http://www.jcnnewswire.com/image/toppage/eisai45.jpg) Eisai and EcoNaviSta Enter into Business Alliance Agreement Aimed at Building a Dementia Ecosystem and Commence Collaboration Jul 25, 2024 10:30 JST
| ![Hitachi, Ltd.](http://www.jcnnewswire.com/image/toppage/hitachi.jpg) Hitachi Awarded Largest Contract in Singapore to Supply 450 Lifts at HDB Blocks Jul 24, 2024 16:27 JST
| ![Hitachi, Ltd.](http://www.jcnnewswire.com/image/toppage/hitachi.jpg) Hitachi to Announce Capital Reorganization of Air Conditioning Joint Venture Jul 24, 2024 15:02 JST
| ![Eisai](http://www.jcnnewswire.com/image/toppage/eisai45.jpg) Eisai to Present Dual-Acting Lecanemab Three-Year Efficacy and Safety Data and Discuss Long-Term Outcomes of Continued Treatment at the Alzheimer's Association International Conference 2024 Jul 23, 2024 20:23 JST
| ![Fujitsu Ltd](http://www.jcnnewswire.com/image/toppage/Fujitsu.Logo.68.jpg) Toyota Material Handling Japan and Fujitsu launch Japan's first service for evaluating forklift safety in the cloud using AI Jul 23, 2024 11:26 JST
| ![Toyota Motor Corporation](http://www.jcnnewswire.com/image/toppage/ToyotaBb.68.jpg) AEON and CJPT working to resolve logistics industry issues and achieve carbon neutrality at AEON Fukuoka XD Jul 22, 2024 13:52 JST
| ![Toyota Motor Corporation](http://www.jcnnewswire.com/image/toppage/ToyotaBb.68.jpg) Rovanpera and Ogier score another TOYOTA GAZOO Racing one-two Jul 22, 2024 12:30 JST
| ![Honda Motor Co, Ltd](http://www.jcnnewswire.com/image/toppage/honda.gif) Team HRC with Japan Post Wins 45th Suzuka 8 Hours Endurance Road Race Jul 22, 2024 11:33 JST
| ![Honda Motor Co, Ltd](http://www.jcnnewswire.com/image/toppage/honda.gif) Honda to Hold its Official e-Motorsports Event, "Honda Racing eMS 2024" Jul 19, 2024 20:04 JST
| ![Mitsubishi Heavy Industries, Ltd.](http://www.jcnnewswire.com/image/toppage/MHI_newT.jpg) MHI America Acquires Three Utility-Scale Solar Power Projects in Pennsylvania, Advancing the Company's Energy Transition Strategy Jul 19, 2024 19:04 JST
| ![JCB](http://www.jcnnewswire.com/image/toppage/JCB55.jpg) JCB and Worldline unveil a new whitepaper offering European merchants invaluable insights into facilitating seamless payments for international consumers Jul 19, 2024 12:00 JST
| ![Fujitsu Ltd](http://www.jcnnewswire.com/image/toppage/Fujitsu.Logo.68.jpg) Fujitsu Chosen to Help Solving Social Issues Caused by Fake News Jul 19, 2024 11:30 JST
| ![Champion REIT](http://www.jcnnewswire.com/image/toppage/ChampionREIT1_Top.jpg) Champion REIT holds first 'ESG Week' Jul 18, 2024 20:14 JST
| ![Lexus International](http://www.jcnnewswire.com/image/toppage/Lexus_68.jpg) Lexus LBX Adds a New High Performance Variant, the LBX "MORIZO RR" Jul 18, 2024 17:25 JST
| ![NEC Corporation](http://www.jcnnewswire.com/image/toppage/NEC.62.jpg) VitalLife and Bumrungrad International Hospital in Thailand Launch NEC's FonesVisuas Test: First Major Deployment Outside Japan, Revolutionizing Disease Risk Prediction Jul 18, 2024 15:34 JST
| ![Fujitsu Ltd](http://www.jcnnewswire.com/image/toppage/Fujitsu.Logo.68.jpg) Fujitsu publishes CHRO Roundtable Report 2024, summarizing the challenges and implications of the implementation of data-driven human capital management Jul 18, 2024 10:44 JST
| ![Fujitsu Ltd](http://www.jcnnewswire.com/image/toppage/Fujitsu.Logo.68.jpg) Fujitsu-sponsored professional golfer Ayaka Furue victorious in the Amundi Evian Championship Jul 16, 2024 23:26 JST
| ![Mitsubishi Corporation](http://www.jcnnewswire.com/image/toppage/MC.68.jpg) Neste and Mitsubishi Corporation agree on strategic partnership to develop supply chains for renewable chemicals and plastics Jul 16, 2024 18:36 JST
|
More Latest Release >>
|