On more than 445 hectares of land dedicated exclusively to Japanese corporations, titans such as Toyota Motor Corp., Daikin Industries Ltd. and Hitachi Ltd. have clustered together to protect themselves from the vagaries of India’s chaotic business landscape.
“In India, the size of investment matters,” said Takayoshi Tokimune, the managing director of the India subsidiary for Dainichiseika Color & Chemicals Manufacturing Co. “So we flocked together.”
Major Japanese agricultural machinery makers are developing self-driving tractors. The government plans to support the introduction of these tractors amid growing hopes that such machines will help farmers cope with labor shortages at a time when many are aging and face difficulties finding successors.
In June 2017, Kubota Corp. started selling the country’s first tractors with autonomous driving functions on a trial basis. Utilizing the Global Positioning System (GPS), the tractors can keep tabs on where they are operating.
Uniqlo has made the most of inexpensive labor in Asia to become a leading global SPA player. But making goods overseas is not necessarily compatible with responding quickly to customer needs. That is why the company is rethinking the typical approach of churning out products in emerging economies.
To more swiftly respond to customer needs, the company is working on a system for sending out goods in as few as 10 days. To achieve that, airplanes will be essential, although costly.
Vice president of Amazon Echo, Mike George, explained: "We have a thing called 'working backwards.' The first thing we do is we write a press release, ignoring every technical thing we can’t do for now. It’s our aspirations. We also write FAQs where we identify every question we would receive as if we issued the press release. We answer the question in aspirational ways too, ignoring, for the moment, the technical hurdles. In some cases we actually build things."
In the next year or two, the workplace faces an unprecedented situation where for the first time, due to the fact that we’re all living longer, five generations may be working side by side: Veterans (pre-World War II); the Baby Boomers (World War II – 1960s); Generation X (mid-60s – late 1970s); Millennials (aka Generation Y) (1979 – 1991); and last, but not least, the largely unknown factor: Generation Z, born after 1992.
At SoftBank Group's annual shareholders meeting in Tokyo on Wednesday, founder and chief executive Masayoshi Son said: "Some say SoftBank is a mobile phone company, but that's wrong [...] We are an information revolution company. A cellphone is just a device. From now on, we will be in an age where all infrastructure will be connected by information networks."
Son has about 30 targets lined up in emerging sectors such as artificial intelligence, robotics and the internet of things. SoftBank, he made it clear, intends to be at the forefront of all these fields.
Yamato Transport Co. has modified its parcel delivery time slots to reduce the burden on overworked drivers handling a sharp increase in parcels.
As of Monday, the door-to-door parcel delivery firm no longer allows noon to 2 p.m. as a designated delivery time so drivers can take a lunch break.
In addition, the company replaced the latest time slot in the day of 8 p.m. to 9 p.m. with a new slot of 7 p.m. to 9 p.m. to avoid the concentration of delivery orders in the final one hour.
Japan began introducing bilingual traffic signs on Saturday as the number of foreign visitors increases ahead of the 2020 Tokyo Olympics and Paralympics.
By the time the games open, about 35,000 of the 140,000 stop signs in the capital will have been replaced with ones in both Japanese and English near the Olympic venues and in other areas, the Metropolitan Police Department said.
Along with the new stop signs, bilingual slow-down signs will also be introduced.
The so-called sharing economy has spread to a variety of fields such as cars and homes, and Japan has seen another rising trend in recent years—bicycles.
A growing number of municipalities and private firms are providing bikes to gauge whether such services will catch on.
According to NTT Docomo Inc., which has been teaming up with municipalities to offer a bike-sharing service on an experimental basis, its bicycles were used about 1.8 million times in fiscal 2016, which ended March 31, up from 20,000 in fiscal 2012.
Japanese workers devoting themselves to working massively long hours for their employers might be becoming a thing of the past.
Nearly half of newly employed people said they would leave the office when their work was done even if their superiors or colleagues were working overtime, according to a survey released Monday.
Amazon Japan aims to build a team of 10,000 independent couriers in the Tokyo region by 2020 to continue offering same-day delivery service without relying on major parcel delivery companies.
Amazon swooped in to buy the high-end grocer Whole Foods on Friday, paying $13.7 billion, or $42 a share—a healthy 27% premium on the previous day's closing price.
So what's in it for Amazon?
There are a couple of strategic plays at work for the online retail giant.
For starters, acquiring Whole Foods' 440 US stores—many of them in prime locations—could bolster the network for AmazonFresh, the company's grocery delivery service.
A growing number of companies are combining vacation and sick time into one bucket called "paid time off", or PTO. Employees will decide whether they're going to use the days for vacation, when they or a relative are ill, or for family events.
According to a report from World at Work, an association of human resources professionals, 51 per cent of private companies, including small and mid-size businesses, offered PTO last year.
Bitcoin is trading at another record high on Thursday. The cryptocurrency is up 4.59% at $1853.55 a coin after Ulmart, Russia's largest online retailer, said it would begin accepting bitcoin, Cryptocoin News says.
"[UK tech startup] Improbable is building breakthrough technologies that are becoming vital and valuable platforms for the global gaming industry," Deep Nishar, managing director of investments at SoftBank, said in a statement. Beyond gaming, Nishar said, SoftBank believed Improbable’s simulation technology could be used to help explore disease, improve cities, understand economies and solve other complex problems. Nishar is joining Improbable’s board.
The majority of affluent and high-net-worth individuals recognize the potential of robo-advisors and automated investment services to add value to their wealth management services.
Singularity—the point when machine intelligence surpasses our own and goes on to improve itself at an exponential rate—will happen by 2050, according to Masayoshi Son, the Japanese tech mogul leading SoftBank.
In 2017 he said: "I totally believe this concept. In the next 30 years, this will become a reality."
The falling cost of industrial robots will allow manufacturers to use them to replace more factory workers over the next decade while lowering labor costs, according to new research.
Robots now perform roughly 10 percent of manufacturing tasks that can be done by machines, according to the Boston Consulting Group. The management consulting firm projected that to rise to about 25 percent of such "automatable" tasks by 2025.
In turn, labor costs stand to drop by 16 percent on average globally over that time, according to the research.
According to Keith Rabois, a Khosla Ventures partner and former executive at LinkedIn, PayPal, and Square, areas that require human expert judgment, like healthcare and law, are most likely to see disruption in the coming years.
"One of the most interesting things we’ve noticed over the last decade is the ability of math and machines to replace human judgment, particularly expert judgment," Rabois said on Founder Calls, a new podcast run by Box CEO Aaron Levie.
In 2015, 85% of global GDP was generated in cities. Growing cities require substantial investments in infrastructure if they are to continue expanding at their present rate. It’s estimated that we will invest $78 trillion in global infrastructure over the next 10 years alone to accommodate this growth. New York, Beijing, Shanghai and London will need $8 trillion in infrastructure investments alone.
