Kawasaki Heavy Industries is a world leader in engineering and manufacturing with a long history of innovation. Founded in 1878, the company has been at the forefront of technological advancement for over 125 years. In 2021, Kawasaki Heavy Industries reported revenues of ¥2,943 billion and employed over 34,000 people worldwide. Kawasaki Heavy Industries continues to be an industry leader through its dedication to innovation and sustainability. By leveraging both internal and external resources, they can create efficient solutions that meet customer needs while remaining mindful of environmental impact.
For example, they reformed their management structure to become a truly global company and invested in research and development to create innovative products that meet customer needs. As the world continues to evolve, the company faces an ever-changing landscape of challenges that call for creative solutions.
This article explores some of the innovative steps Kawasaki took to address these challenges and how they leverage internal and external resources to develop sustainable solutions.
The Need for International Hydrogen Energy Supply Chains
One of the main challenges Kawasaki is currently facing is developing reliable and efficient international hydrogen energy supply chains. To meet this challenge, they launched their “Challenge Zero” initiative which seeks to create new technologies and business models that could lead to a more sustainable and energetic future. This includes researching leading-edge materials for technologies such as fuel cells and other energy sources. Additionally, Kawasaki has partnered with various universities and research centres around the world to develop their Challenge Zero designs further.
Reforming Business Strategy Through “Changing Forward”
In addition to investing in new technology initiatives, Kawasaki has implemented a series of reforms under the banner of “Changing Forward”. These reforms are aimed at helping them stay ahead in an ever-evolving business environment. One example is their Kawasaki Business Idea Challenge (BIC) program which encourages employees from all levels within the company to come up with fresh ideas that can facilitate new business opportunities or products for different divisions within the organization. Other reforms include implementing a more flexible management style that reflects customer needs and encouraging corporate collaboration between teams across different departments.
Leveraging Asia’s Innovation Ecosystem For Social Good
Kawasaki also recently launched its Co-Creation Challenge with its Precision Machinery Business Division. This challenge seeks partners from around the world who can help develop innovative solutions for their machinery division while meeting environmental goals set forth by the company itself. In addition, they have teamed up with ICMG (the International Council on Megacities) and other international organizations to leverage Asia’s innovation ecosystem towards addressing social issues such as poverty reduction and combatting climate change.
Final Thoughts on Kawasaki’s Innovation Initiatives
Kawasaki takes great pride in tackling global challenges head-on through innovation — internally and externally through strategic partnerships worldwide. With its “Challenge Zero” initiative looking into alternative international hydrogen energy supply chains and its “Changing Forward” focusing on driving new business opportunities within the organization, it’s clear why Kawasaki stands out among other firms when it comes to innovative approaches towards sustainability and growth into the future.