Accenture and Ajinomoto team-up to form a new joint venture in Japan

Accenture, an Irish-domiciled multinational professional services company, and Ajinomoto Co., Inc, a Japan based food and biotechnology corporation, have reportedly signed a new agreement to establish a joint venture in Japan. The tie-up is to help Ajinomoto expedite its operational transformation.

The new firm, Ajinomoto Digital Business Partners Co., Inc., will now carry out the operations of Ajinomoto’s corporate divisions, including office management, procurement and human resources. The new company will be 33% owned by Accenture and 67% by Ajinomoto.

Ajinomoto Digital Business Partners would leverage the power of analytics, artificial intelligence and robotic process automation along with other solutions for business process transformation, to deliver services that further enhance the efficiency and functionality of Ajinomoto’s corporate functions, to help Ajinomoto drive substantial business value. Accenture will now leverage its proficiency in digital transformation in the field of business process services as well as consumer goods and services industry.

Masaya Tochio, representative director, senior corporate vice president and board member, Ajinomoto, reportedly stated that the tie-up will encourage the next gen of talent to provide competing services and help the company perform a turn towards an operating model that can consistently deliver greater customer values. Tochio further added, that the firm is focused on improving employee productivity and on priority product areas to realize sustainable growth and thus establish itself as a genuine global specialty company.

Atsushi Egawa, managing director of Accenture, Japan, stated that the company needs to include digital technologies in every process with cooperation from external partners, for organizations to drive change by enhancing productivity and creating new values.

Ajinomoto agreed to form JV partnership with Accenture to enhance its corporate capabilities and accelerate its operational transformation to a greater degree than the company could have done on its own. This JV would further enable Ajinomoto to achieve its vision of becoming a global specialty company driven by innovative bioscience and chemical technologies.

Source credit: https://newsroom.accenture.com/news/ajinomoto-and-accenture-to-establish-joint-venture-to-help-drive-ajinomotos-operational-transformation.htm