Leading zipper and fastening products manufacturer YKK has kicked off a four-year business planning period with a major reorganization aimed at speeding up communication and time to market, with an emphasis on digitalization, sustainability and diversity.
Under the business policy of “Sustainable Growth under the New Normal,” YKK has created an enhanced R&D division called the Technology Innovation Center (TIC) that will focus on developing technologies, materials and new business. YKK also has committed to invest 2.5 billion yen ($23. 1 million U.S.) in digitalization, focusing on customer-facing initiatives such as the establishment of a Digital Business Planning Department tasked with improving customer connections and business speed using digital technology.
The company also will enhance its collaboration with customers through partnerships with digital platforms
During the next four years, YKK will build on the substantial advances it already has made on sustainability, investing an additional 2.5 billion yen in initiatives such as eco-friendly product development, solar power generation, and energy-saving measures.
Additionally, YKK will focus on human rights and diversity, the fifth pillar of its Sustainability Vision 2050. Under the plan, the company has committed to becoming more diverse and inclusive and improving work environments throughout its supply chains and will continue to implement the YKK Global Criteria of Compliance audit, a comprehensive standard based on the ISO26000 guidelines.