Japanese shipping giant Nippon Yusen Kaisha (NYK) has agreed to team with Weathernews and Kozo Keikaku Engineering to establish a new company, Symphony Creative Solutions (SCS) in Singapore.
SCS is being created to develop and market next-generation solutions in the shipping and logistics fields by expanding on the scope of the Symphony Project, a jointly developed effort formed in July 2014 to promote solution services centering on the auto logistics business in Asia.
The new company has been created, NYK said in a release, “considering the rapid evolution of technology, specifically with the Internet of Things (IoT), and aiming to design further innovative solutions that meet advancing on-site needs in logistics”.
In the area of solutions development, a “lean startup methodology” which is based on an entrepreneurial business work-style often undertaken in Silicon Valley, will be employed. The SCS head office will be located at Block 71, Singapore, known as a hub for IT venture companies in Asia.