Developing dedicated insurance for returnable logistics container solution "HACO lab."

July 12, 2024

Nissin Corporation, Ltd. (President and CEO: Masahiro Tsutsui, hereinafter referred to as "Nissin") and Sompo Japan Insurance Inc. (President and CEO: Koji Ishikawa, hereinafter referred to as "Sompo Japan") have jointly developed a dedicated insurance for "HACO Lab." (hereinafter referred to as "HACO lab.."), a returnable logistics container solution provided by Nissin.

This insurance will utilize data obtained from HACO lab. on Inventry Control, location information, and bases to improve insurance design, development, and contracts, as well as to respond to and prevent accidents. This is the first service in Japan to link data on returnable logistics containers (hereinafter "RTI" ^*1) used in imports and exports with insurance. Both companies aim to realize a sustainable society by providing HACO lab. and dedicated insurance.

*1 RTI: Abbreviation for "Returnable Transport Item"

In many logistics sites, disposable one-way logistics containers are used for transporting cargo. Although reusable RTIs exist, there are many cumbersome procedures, such as RTI data registration, between their introduction and operation, and daily individual management requires a lot of effort. In addition, loss and retention of RTIs are an issue.

HACO lab. is Nissin 's unique logistics solution that focuses on RTI. We provide total support, from RTI development tailored to the characteristics of our customers' products, to individual management and global-scale operations, including reverse logistics. We propose environmentally friendly, recycling-oriented logistics that contributes to reducing logistics costs and CO2 emissions.

The RTI management system provided by HACO lab. uses automatic recognition technology to record the results of inbound and outbound operations and transfers between bases, and enables real-time information to be managed centrally in a cloud-based management system. This reduces container management costs and workload, allowing customers to focus on their core business.

Sompo Japan supports the idea of HACO lab. 's environmentally friendly solutions and has developed insurance specifically for HACO lab.. We have heard from companies that when considering making logistics containers returnable, they are concerned about the cost of the containers in case they are lost and so give up on adopting them, so we decided to offer a solution that utilizes insurance.

RTIs are required to be durable enough to be reused repeatedly and have a high volume reduction rate when returned. ^*2 Because RTIs that meet these requirements are more expensive than disposable containers, many companies are hesitant to introduce RTIs due to concerns about the risk of loss or theft when using returnable containers.

This HACO lab. exclusive insurance is insurance that covers the risks of such damage, loss, and theft. It lowers the barrier to introducing RTI because it covers not only damage during transportation, but also uncollected items from the delivery destination (risks related to loss and theft, etc.). In the unlikely event of an accident, data on loss or theft can be obtained, which also leads to a reduction in accidents. By obtaining data on lost items that could not be tracked until now, it is possible to increase the possibility of recovery and discovery.

*2 Volume reduction rate: The rate at which the volume is reduced due to the folding structure, etc.

Nissin 's mission is to "contribute to the sustainable development of society through logistics services" and aims to be a "Supply Chain logistics provider." We will continue to proactively provide new logistics solutions through HACO lab. that will help resolve our customers' Supply Chain.

Sompo Japan is committed to contributing to the realization of a sustainable society through the development of unique products and services in order to realize Sompo's Purpose of "creating a future filled with security, health, and wellbeing."

[Inquiries regarding this matter]

DX Promotion Department, HACO lab. Battery Business Promotion Division

TEL: 03-3238-6575