Nov 20, 2024
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- Feature Story
- Panasonic GREEN IMPACT
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Panasonic continued to advance innovation and growth in 2024. The year saw the company advancing new technologies, and enhancing its sustainable initiatives and manufacturing practices. Join us as we continue counting down the year’s top 10 feature stories, ranked by page views in the first half of FY2024. Here are the stories ranked #5 to #1.
Adapting Philosophies: Group CTO Tatsuo Ogawa envisions applying the philosophy of providing free tap water to the world of green energy, imagining a future where individuals naturally promote care for each other and the planet.
Sustainable Future: The Corporate Technology Sector unveiled Technology Future Vision, a new concept that aims to build a human-centered future where resources like energy are freely shared, advancing well-being and sustainability.
Changing Society: “Co-caring” envisions a society where people can easily support each other without self-sacrifice by using Panasonic’s current and future technologies to optimize how resources are used globally.
Powerful Predictions: Blue Yonder’s latest SaaS solution, Cognitive Demand Planning, delivers exceptional forecasting capabilities by leveraging artificial intelligence and machine learning to analyze hundreds of variables.
Adapting to Change: Through partnerships with Data Cloud services, the model continuously improves, adapting to evolving market conditions and customer behaviors to deliver increasingly effective solutions.
Nonstop Innovation: This year’s winning concept at the Crystal Ball competition, hosted by Blue Yonder, proposed a method for automating the fine-tuning of demand forecasting, making forecasting faster and more agile.
Focused Change: With transportation accounting for a quarter of global CO2 emissions, Panasonic Group’s automotive battery division leads the company’s efforts to address climate change.
Targeting Demand: In the United States, where long-distance travel is highly valued for electric vehicles, Panasonic’s high-capacity technology is ideally suited to meet demand.
Commitment to Sustainability: Panasonic’s Kansas battery plant, a Panasonic-designated net-zero facility, aims to significantly reduce carbon footprint by utilizing local renewable energy and sustainable materials.
Inspiring Unified Action: Part of the Panasonic ECO-RELAY program, World Action encourages Panasonic global employees to practice eco-friendly behavior that can foster environmental change and have a meaningful and positive impact.
Reaching Globally: In 2024, World Action involved employees from 35 countries, logging over fifty thousand eco-friendly actions that can be incorporated into daily life and planning to plant over five hundred trees as a result of those actions.
Future Focused: World Action demonstrates how unified action across the global organization can drive meaningful change. The expanded ECO-RELAY program aims to build on this positive momentum, continuing to evolve and grow.
Group’s strategic direction for the coming year: Panasonic Group CEO Yuki Kusumi held a Group Strategy Briefing on May 17 to mark the final year of the Medium-term Strategy announced in the fiscal year ending March 2023. Describing the current situation as “critical,” he announced that the organization would decisively implement reforms to improve profitability.
Key points: The Strategy Briefing include the performance to date under the medium-term strategy, thorough ROIC discipline with a “WACC + 3% point” target, the future of growth area businesses, conducting business with a sense of urgency and autonomous responsible management, and addressing global environmental issues to ensure “affluence” for the future.
Stay tuned for much more in the year 2025!
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