To support next year's Tokyo 2020 Opening and Closing Ceremonies, Panasonic will provide its very latest AV technology and solutions. The company will also supply and operate huge state-of-the-art LED screens at a number of stadiums. The company is already looking ahead to the Beijing 2022 Winter Games and Paris 2024, where Panasonic will continue to play an invaluable role in its support of the world's foremost athletic competition.
In preparing for 2020, Panasonic has identified a number of fields where it can make meaningful contributions through new business models, including those where it will work in collaboration with customers and partners. The result is a suite of solutions that Panasonic calls "5 Smart + Next 3." Several of these solutions are already being tested on a commercial basis in conjunction with more than 40 partner companies.
The "5 Smart" solutions are:
- Cycle and battery-sharing using electrically assisted bicycles to reduce traffic
- Ultra-fine misters or "green air conditioners" that cool down outdoor environments
- Luggage-free travel services to help visitors enjoy Japan more easily and comfortably
- Cashless next-generation ticketing systems
- Advanced security systems that monitor entire areas on an integrated basis.
Businesses generated from these new solutions are expected to produce cumulative sales of more than 200 billion yen by 2020.
The "Next 3" solutions comprise:
- Robot electric wheelchairs that transport users safely and comfortably with the assistance of autonomous movement, automatic stopping and other features
- Solutions for healthy aging, including next-generation fitness clubs
- Advanced systems for enhancing athletic abilities and spectator experiences
The "5 Smart + Next 3" strategy will not end in 2020, because Panasonic is already planning to enhance the value of legacy Olympic and Paralympic facilities that will remain in use after 2020. The strategy is centered on the joint development of new business concepts with clients and partners who are engaged in urban development. These collaborative businesses will encompass consulting, proposals and demonstrations. Some of the specific initiatives include:
- HARUMI FLAG (former Athletes' Village) - infrastructure in the village will be substantially upgraded with solar panels, a condominium energy-management system incorporating storage batteries, security systems and power supplies for common areas using pure hydrogen fuel cells
- Commercial Real Estate business - idle land/building renovation and area-management systems
- Integrated resorts - facilities incorporating hospitality, entertainment, mobility, sustainability and security
- Stadiums and arenas - upgrading sports facilities using advanced technology to provide new experiences and services and to keep these facilities fit-for-purpose and contributing to the energy and livelihood of their host communities.
By means of such initiatives, Panasonic aims to package major facilities into single products to improve their asset values.
Panasonic has been steadily receiving orders for stadiums, athletes' villages and related facilities as part of its 2020-focused activities. Cumulative sales are forecast to exceed 200 billion yen, or 1.89 billion USD, well in excess of the initial target of 150 billion yen. Thereafter, additional new business is forecast to potentially exceed 70 billion yen by 2022.
A common feature of these 2020-and-beyond initiatives is collaboration with other companies. Going forward, Panasonic will continue to pursue practical and sustainable solutions that flexibly address society's real needs, as reflected in the company slogan, "Creating the future Japan."