## Company Profile Marubeni Logistics Corporation — Japan-based freight forwarder and 3PL affiliate of Marubeni Group. Offers international freight forwarding (ocean/air), customs clearance, contract logistics, warehousing, and supply-chain solutions for industrial and food/agricultural customers. Operates an international network and is actively expanding its regional footprint (evidence: announcement of Marubeni Logistics Thailand Co., Ltd. established March 2026), positioning itself to support Japan–ASEAN manufacturing and agri-food flows. Likely serves Japanese exporters (electronics, automotive parts, industrial machinery) and importers of agri-food and processed goods from ASEAN. ## Pain Points 1) Need to capture new Japan↔ASEAN volumes quickly after client production-sourcing shifts (components, auto parts, electronics): Marubeni’s new Thailand presence and broader network must turn regional FDI into contracted freight, but origination of local exporters/importers and supplier discovery is resource intensive. 2) Volatile and seasonal agri-food demand from ASEAN to Japan (reefers): Japanese importers are importing more from Thailand/Vietnam and price/capacity shocks (e.g., Thai broiler constraints) create last‑mile and capacity problems that a forwarder must fill fast. 3) Sales/resource constraint to scale cross-border market intelligence & supplier validation: Marubeni likely needs higher-throughput, low-touch origination (new suppliers/importers) to feed its contracting and warehousing pipelines without diverting core operations. ## Intel Summary === MULTI-DIMENSION RESEARCH === === 1. [MARKET EVENTS] Japan freight and trade flow shifts 2026 === [analysis content with data points] • Macro trade flows - OECD quarterly merchandise trade data show Japan’s total exports broadly flat in value terms through 2025 (around USD 185–186 bn per quarter in 2025 vs ~182–185 bn in 2024), masking compositional shifts toward ASEAN and away from China. ([oecd.org](https://www.oecd.org/content/dam/oecd/en/data/insights/statistical-releases/2026/2/International-trade-statistics-Q4-2025.pdf?utm_source=openai)) - Global trade monitoring from the World Bank (update released May 2026) notes that Asia ex‑China has been capturing a growing share of electronics and intermediate goods trade, consistent with Japanese shippers re‑orienting flows toward ASEAN and the US. ([documents1.worldbank.org](https://documents1.worldbank.org/curated/en/099223405022563634/pdf/IDU-df253cea-7805-45a7-a5a5-966fbbe28072.pdf?utm_source=openai)) • Shift toward Southeast Asia and away from China - A McKinsey 2026 update on geopolitics and trade finds that from 2024–2025 the US import share from China fell 4.4 percentage points, while ASEAN’s share rose 2.5 percentage points and the rest of Asia-Pacific rose 2.4 points. Japanese manufacturers (electronics, auto parts) are heavily represented in these “rest of Asia-Pacific/ASEAN” flows via production bases in Thailand and Vietnam, implying more Japan–ASEAN and intra‑ASEAN freight tied to Japanese firms. ([mckinsey.com](https://www.mckinsey.com/mgi/our-research/geopolitics-and-the-geometry-of-global-trade-2026-update?utm_source=openai)) - Lloyd’s List February 27, 2026 daily briefing notes that between 2023–2025, Chinese containerized exports into Southeast Asia surged, with volumes to Vietnam up roughly one‑third and to Thailand up about 37%. This has driven congestion and re‑routing at regional hubs and is prompting Japanese and other Asian shippers to re‑optimize networks around Thai and Vietnamese ports. ([lloydslist.com](https://www.lloydslist.com/-/media/lloyds-list/daily-pdf/2026/02-february/dailypdf270226.pdf?rev=83fdfa15758d424ba10b742072854d01&utm_source=openai)) • Port congestion and rerouting - Lloyd’s List highlights “rationalising deepsea networks and reliance on transshipment hubs” as carriers shift away from some traditional China mainline calls toward Southeast Asian hubs (e.g., Laem Chabang, Cai Mep, Singapore) for Asia–US and Asia–Europe loops. For Japanese exporters, this translates into more feedering from Japanese ports (Yokohama, Nagoya, Kobe) into ASEAN hubs rather than direct mainline calls, especially for US‑bound freight. ([lloydslist.com](https://www.lloydslist.com/-/media/lloyds-list/daily-pdf/2026/02-february/dailypdf270226.pdf?rev=83fdfa15758d424ba10b742072854d01&utm_source=openai)) - AlixPartners’ 2025/26 ocean market review notes persistent vessel overcapacity and soft base demand, but with lanes out of China being partially backfilled by Vietnam, Thailand, and India. This has increased schedule changes and blank sailings on some Japan–China legs while reinforcing capacity on Japan–ASEAN and broader Southeast Asia–US trades. ([sdcexec.com](https://www.sdcexec.com/transportation/ocean-ports-carriers/news/22959963/alixpartners-llp-overcapacity-persists-as-trade-flows-move-beyond-china?utm_source=openai)) • Japan–US vs Japan–ASEAN vs Japan–China flows (Recent data are still partial; figures below are directional.) - The OECD and World Bank show Japan’s total export values stagnant, but ASEAN economies’ electronics and intermediate exports expanding at mid‑single‑digit to high‑single‑digit rates in 2024–2025, supported by Japanese supply chains. This implies that a rising share of Japan‑linked value‑added is shipped indirectly (Japan → ASEAN → US/EU) rather than directly (Japan → US). ([documents1.worldbank.org](https://documents1.worldbank.org/curated/en/099223405022563634/pdf/IDU-df253cea-7805-45a7-a5a5-966fbbe28072.pdf?utm_source=openai)) - SCB EIC’s 4Q 2025 global outlook notes that electronics‑reliant Asian exporters (excluding China) have seen export growth contributions from electronics accelerate to about +2.1 percentage points of GDP growth by 2Q 2025. Japan’s direct electronics exports underperform these peers, indicating that some higher‑volume electronics and auto‑parts flows are being routed via ASEAN production bases instead of Japan‑origin shipments. ([scbeic.com](https://www.scbeic.com/en/detail/file/product/9986/heooqaj68w/Outlook-4Q25-Full-report-ENG-20250109.pdf?utm_source=openai)) • New Thailand‑based operations by Japanese logistics firms (2025–26 signals) - Thailand’s Board of Investment (BOI) reports Japanese investment applications in Thailand surged 146% in value in 2025 to THB 119 billion across 311 projects, with most investment in automotive parts, electronics and digital. Logistics and warehousing capacity is being added to support these sectors, including expansions in the Eastern Economic Corridor (EEC) industrial zone, which is a core node for Japan‑centric supply chains. ([nationthailand.com](https://www.nationthailand.com/business/investment/40061992?utm_source=openai)) - A recent analysis of Chinese‑origin electronics and auto suppliers expanding into Thailand/ASEAN (Nomura/THAIBIZ, Feb 2026) notes 90 new EV‑related investments between 2023 and June 2025, many structured around Japanese OEMs’ regional platforms. Japanese forwarders and 3PLs are co‑locating warehousing and cross‑dock facilities near these clusters to consolidate intra‑ASEAN and export freight, particularly via Laem Chabang and Map Ta Phut. ([th-biz.com](https://th-biz.com/nomura-202602/?utm_source=openai)) • Operational implications for freight - More Japan–Thailand/Vietnam back‑and‑forth flows for components (PCBs, wiring harnesses, modules) with finished goods exported from ASEAN to the US/EU, shifting some long‑haul volumes away from Japan’s ports but increasing intra‑Asia (short‑sea) container demand. ([nationthailand.com](https://www.nationthailand.com/business/investment/40061992?utm_source=openai)) - Carriers and NVOCCs serving Japanese shippers are offering more multi‑stop routings (Japan → Thailand/Vietnam hub → US West Coast/Gulf) and flexible transshipment options to navigate port congestion, tariffs, and changing sourcing patterns. ([sdcexec.com](https://www.sdcexec.com/transportation/ocean-ports-carriers/news/22959963/alixpartners-llp-overcapacity-persists-as-trade-flows-move-beyond-china?utm_source=openai)) === 2. [DEMAND SIGNALS] 2026 demand signals for Japanese shippers (nearshoring to ASEAN, sourcing from Thailand/Vietnam, manufacturing expansion in Thailand) === [analysis content with data points] • Manufacturing expansion and FDI into Thailand and Vietnam - Thailand BOI: Japanese investment applications rose 146% in value in 2025 to THB 119 billion (~USD 3.3 bn), with project count up 17% to 311. The largest allocations were into automotive and parts, electronics, and digital/IT—core sectors for Japanese firms. ([nationthailand.com](https://www.nationthailand.com/business/investment/40061992?utm_source=openai)) - A supply‑chain FDI review (ValueChain Asia, May 2026) states that Thailand attracted USD 30.2 bn in FDI applications in Q1 2026 alone, the highest in ASEAN for that quarter. A significant share is in export‑oriented manufacturing and logistics. Japan, along with China and South Korea, is highlighted among key investor countries. ([valuechainasia.com](https://valuechainasia.com/articles/supply-chain-and-manufacturing/thailand-supply-chain-fdi-asean-hub-2026?utm_source=openai)) - The same report notes Thailand’s manufacturing PMI at 54.1 in April 2026 (highest in ASEAN that month), indicating expanding output and hence stronger underlying freight demand, particularly in electronics and auto‑related supply chains serving global markets. ([valuechainasia.com](https://valuechainasia.com/articles/supply-chain-and-manufacturing/thailand-supply-chain-fdi-asean-hub-2026?utm_source=openai)) - THAIBIZ/Nomura analysis documents 90 EV‑related supplier investments into Thailand between 2023 and June 2025, many linked to Japanese OEMs’ regional platforms; this underpins multi‑year demand for component flows between Japan and Thailand, as well as intra‑ASEAN logistics. ([th-biz.com](https://th-biz.com/nomura-202602/?utm_source=openai)) • Nearshoring/China‑plus‑one strategies benefitting ASEAN - McKinsey’s 2026 update observes that from 2024–25, US import shares from China fell 4.4 percentage points while ASEAN’s share rose 2.5 points, with “rest of Asia-Pacific” (including Japan, Korea, Taiwan, etc.) up 2.4 points. This is consistent with Japanese firms shifting final assembly to ASEAN (especially Vietnam and Thailand) to mitigate tariff and geopolitical risk while continuing to ship high‑value parts from Japan. ([mckinsey.com](https://www.mckinsey.com/mgi/our-research/geopolitics-and-the-geometry-of-global-trade-2026-update?utm_source=openai)) - A November 2025 US tariff report from project44 shows significant US import growth from Indonesia (+34% YoY) and Thailand (+37% YoY). While not Japan‑specific, these flows are heavily populated with electronics, machinery and auto‑related products where Japanese brands and supply chains are prominent—an indirect indicator of stronger demand for Japan‑ASEAN freight legs feeding these exports. ([project44.com](https://www.project44.com/press-releases/project44-november-tariff-report-shows-blank-sailings-decline-as-us-trade-shifts-from-china-to-southeast-asia/?utm_source=openai)) - AlixPartners’ 2025/26 logistics review underscores that trade is “moving beyond China” toward Vietnam, Mexico, and India; the same dynamic applies to Thailand as an EV and electronics hub. Japanese shippers are re‑designing networks to integrate these locations, creating incremental demand for regional distribution centers and cross‑border trucking/short‑sea solutions. ([sdcexec.com](https://www.sdcexec.com/transportation/ocean-ports-carriers/news/22959963/alixpartners-llp-overcapacity-persists-as-trade-flows-move-beyond-china?utm_source=openai)) • Specific signals from surveys and industrial indicators - JETRO Bangkok survey results cited by BOI indicate improved business sentiment among Japanese companies for 1H 2026, aligned with the 146% rise in Japanese investment value in 2025. Automotive and electronics respondents expect higher production and export volumes from Thailand over the next 1–3 years, implying sustained demand for outbound freight to Japan (parts, food) and to the US/EU (finished electronics, autos). ([nationthailand.com](https://www.nationthailand.com/business/investment/40061992?utm_source=openai)) - SCB EIC’s 4Q 2025 outlook shows Asia ex‑China electronics export contributions to growth rising to about +2.1 percentage points by 2Q 2025, suggesting that electronics‑heavy Japanese supply chains in ASEAN will continue to generate robust cross‑border flows in 2026, especially from Vietnam and Thailand into the US and Europe. ([scbeic.com](https://www.scbeic.com/en/detail/file/product/9986/heooqaj68w/Outlook-4Q25-Full-report-ENG-20250109.pdf?utm_source=openai)) • Implications for Japanese logistics providers - As FDI into Thai and Vietnamese manufacturing ramps up, Japanese logistics groups (e.g., Nippon Express, Yamato, Kintetsu, NYK/ONE affiliates) are expanding regional warehouse footprints and contract logistics offerings in Thailand (EEC, Bangkok peri‑urban areas) and Vietnam (Northern industrial zones and HCM region). While individual company investments are often disclosed only in press releases, aggregated FDI and PMI data indicate that logistics capacity is being built ahead of, or in step with, manufacturing expansions. ([nationthailand.com](https://www.nationthailand.com/business/investment/40061992?utm_source=openai)) - The shift implies higher demand for: • Japan → Thailand/Vietnam export of high‑value inputs (chips, machinery, precision parts) • Thailand/Vietnam → Japan return flows of selective goods (food/agri, some auto parts) • ASEAN → US/EU long‑haul exports, where Japanese shippers may control routing even when origin is non‑Japanese. ([mckinsey.com](https://www.mckinsey.com/mgi/our-research/geopolitics-and-the-geometry-of-global-trade-2026-update?utm_source=openai)) === 3. [COMMODITY TRENDS] 2026 commodity trends: electronics & auto parts exports from Japan to ASEAN/US, and food/agri imports from Thailand/Vietnam to Japan === [analysis content with data points] A. Electronics and automotive parts shipments from Japan to ASEAN/US • Electronics (integrated circuits & components) - A trade analysis of US electronic integrated circuits (HS 854239) shows that while US imports of ICs contracted sharply in value terms in the Aug‑2024–Jul‑2025 period (‑22.8% YoY in value), Japan’s shipments to the US bucked this trend: Japanese IC export value to the US rose about 30.3%, and volume rose 46.9%. This points to stronger Japan‑origin electronics flows to the US even amid overall market softness. ([gtaic.ai](https://gtaic.ai/market-reports/electronic-integrated-circuits-market-usa-analysis-in-2025?utm_source=openai)) - Global monitoring from the World Bank and SCB EIC indicates that electronics exports from Asia (ex‑China) grew in 2024 and into 2025, with electronics contributing around +1.2 percentage points to Asia’s export growth in 2024 and rising to +2.1 points by 2Q 2025. Japan is supplying higher‑value components into ASEAN (Thailand, Vietnam, Malaysia) while more final assembly is done there, implying increased component flows from Japan to ASEAN alongside robust direct flows to the US. ([documents1.worldbank.org](https://documents1.worldbank.org/curated/en/099223405022563634/pdf/IDU-df253cea-7805-45a7-a5a5-966fbbe28072.pdf?utm_source=openai)) • Automotive parts and vehicles - SCB EIC notes that exports from Japan and South Korea in automotive categories softened in the most recent period compared with electronics, suggesting some stagnation or mild decline in direct Japan‑origin auto exports. However, rising Japanese FDI in Thai auto parts and EV production (146% increase in Japanese investment value into Thailand in 2025, much of it auto/parts) signals that more auto‑related exports will originate from Thai plants rather than from Japan itself over the medium term. ([nationthailand.com](https://www.nationthailand.com/business/investment/40061992?utm_source=openai)) - Trade and FDI data for Thailand show strong growth in auto and EV‑related manufacturing geared to export. Japanese OEMs and Tier‑1/2 suppliers are key players; this structurally shifts a portion of Japan‑ASEAN auto parts trade from “Japan → ASEAN finished vehicles” toward “Japan → ASEAN components” plus “ASEAN → US/EU finished vehicles,” reinforcing two‑way freight between Japan and ASEAN. ([valuechainasia.com](https://valuechainasia.com/articles/supply-chain-and-manufacturing/thailand-supply-chain-fdi-asean-hub-2026?utm_source=openai)) • Price and capacity environment for containerized exports - AlixPartners highlights persistent ocean overcapacity and demand softness through late 2025, keeping Asia–US spot rates below prior‑year levels on average despite periodic spikes, which has benefited Japanese exporters of electronics and parts in terms of lower freight costs per TEU. ([sdcexec.com](https://www.sdcexec.com/transportation/ocean-ports-carriers/news/22959963/alixpartners-llp-overcapacity-persists-as-trade-flows-move-beyond-china?utm_source=openai)) - project44 notes that while blank sailings declined into late 2025, the reallocation of capacity away from some China services toward Southeast Asia coincides with Japan‑linked regional supply chains, enabling more stable Japan–ASEAN–US routings for high‑value cargo. ([project44.com](https://www.project44.com/press-releases/project44-november-tariff-report-shows-blank-sailings-decline-as-us-trade-shifts-from-china-to-southeast-asia/?utm_source=openai)) B. Food and agriculture imports from Thailand and Vietnam to Japan • Overall Japanese agri‑food import trend - JETRO (May 2026) reports that Japan’s imports of agriculture, forestry and fishery products plus food reached a record high value in 2025, surpassing the previous year’s level. Thailand and Vietnam rank among key suppliers of processed foods, seafood, rice and animal protein, with import value growth supported by yen weakness and domestic supply constraints in some categories. ([jetro.go.jp](https://www.jetro.go.jp/biznews/2026/05/2cb3f4be0ee663fd.html?utm_source=openai)) • Rice imports (Thailand/Vietnam share and seasonality) - Finance Ministry data reported by The Japan Times show Japan’s private‑sector rice imports jumped 95‑fold in 2025 to 96,834 tons (vs ~1,000 tons in 2024). Of this, 75,638 tons (78%) came from the US; 4,567 tons from Vietnam and 4,014 tons from Thailand—together just under 9% of private‑sector imports, but from a very low base. Imports were driven by high domestic rice prices, with Japan normally importing about 770,000 tons per year tariff‑free under minimum market access (largely for stockpiles and processing). ([japantimes.co.jp](https://www.japantimes.co.jp/business/2026/01/29/economy/japan-private-sector-rice-imports/?utm_source=openai)) - These imports tend to be seasonal, with purchases concentrated when domestic harvest shortfalls or price spikes occur; 2025’s surge suggests higher volatility in Japan’s staple food freight demand, including from Thailand/Vietnam, if domestic weather or yields fluctuate again in 2026. ([japantimes.co.jp](https://www.japantimes.co.jp/business/2026/01/29/economy/japan-private-sector-rice-imports/?utm_source=openai)) • Meat and poultry (Thai and regional supply) - S&P Global data show Japan’s beef imports reached 43,015 metric tons in December 2025, up 9.7% YoY and 11.1% MoM, supported by yen depreciation making imports relatively attractive. ([spglobal.com](https://www.spglobal.com/energy/en/news-research/latest-news/agriculture/021026-japan-data-yen-depreciation-spurs-beef-imports-in-dec-chicken-and-pork-face-challenges?utm_source=openai)) - The same report notes that Thailand’s broiler exports face near‑term constraints due to processing capacity, causing shipment delays. This tightness, plus Brazilian supply issues, is supporting higher CFR North Asia chicken leg prices—assessed at USD 3,110/mt for March–April 2026 cargoes into Tokyo, up 5% MoM. ([spglobal.com](https://www.spglobal.com/energy/en/news-research/latest-news/agriculture/021026-japan-data-yen-depreciation-spurs-beef-imports-in-dec-chicken-and-pork-face-challenges?utm_source=openai)) - For Japanese shippers and importers, this indicates: • Elevated freight demand and tight reefer capacity on Thailand→Japan poultry lanes when Thai plants are running at or near capacity. • Potential seasonality spikes around Japan’s peak consumption periods (e.g., Golden Week, summer), when importers seek to rebuild stocks amid constrained supply. ([spglobal.com](https://www.spglobal.com/energy/en/news-research/latest-news/agriculture/021026-japan-data-yen-depreciation-spurs-beef-imports-in-dec-chicken-and-pork-face-challenges?utm_source=openai)) • Other agri‑food categories from Thailand/Vietnam - JETRO’s 2026 briefing (in Japanese) notes robust import growth in processed foods, beverages, and seafood from ASEAN suppliers, including Thailand and Vietnam, contributing to the record 2025 import value. Specific product lines include canned/processed seafood, tropical fruits and juices, coffee, and confectionery. ([jetro.go.jp](https://www.jetro.go.jp/biznews/2026/05/2cb3f4be0ee663fd.html?utm_source=openai)) - Continued manufacturing expansion in Thailand and Vietnam (food processing, ready‑to‑eat meals, beverages) alongside rising Japanese investment creates additional bi‑directional flows: Japan imports higher‑value finished products while exporting packaging materials, machinery, and ingredients. ([nationthailand.com](https://www.nationthailand.com/business/investment/40061992?utm_source=openai)) C. Integrated view: seasonality and 2026 outlook - Electronics and auto component flows from Japan to ASEAN/US: • Electronics demand is currently the main growth driver for Asia trade; seasonal peaks around major US/EU electronics sales cycles (back‑to‑school, year‑end holidays) will continue to drive late‑Q3/Q4 shipment spikes. ([documents1.worldbank.org](https://documents1.worldbank.org/curated/en/099223405022563634/pdf/IDU-df253cea-7805-45a7-a5a5-966fbbe28072.pdf?utm_source=openai)) • Auto‑related flows may be flatter or slightly weaker from Japan origin, but rising from Thailand and Vietnam where Japan‑linked plants are located. This re‑balances freight networks toward more intra‑ASEAN and ASEAN→US lanes. ([nationthailand.com](https://www.nationthailand.com/business/investment/40061992?utm_source=openai)) - Food/agri imports from Thailand/Vietnam to Japan: • 2025’s record import values and sharp rice‑import surge indicate Japan will remain an active buyer of ASEAN agri‑food in 2026, with sensitivity to domestic crop conditions and yen levels. ([jetro.go.jp](https://www.jetro.go.jp/biznews/2026/05/2cb3f4be0ee663fd.html?utm_source=openai)) • Poultry and beef imports show clear price‑responsive behavior; tight Thai broiler capacity and higher CFR chicken leg prices suggest possible continued firmness in freight demand on reefer lanes to Japan in early–mid 2026. ([spglobal.com](https://www.spglobal.com/energy/en/news-research/latest-news/agriculture/021026-japan-data-yen-depreciation-spurs-beef-imports-in-dec-chicken-and-pork-face-challenges?utm_source=openai)) Overall, across all three dimensions, the last 12–18 months point to: - Structurally higher Japanese shipper exposure to Thailand and Vietnam (both as sourcing bases and production hubs). - Growing importance of Japan–ASEAN short‑sea and intra‑Asia routes feeding long‑haul ASEAN→US/EU trades. - Rising and more volatile Japanese imports of food and agri products from ASEAN, providing additional backhaul opportunities for carriers and forwarders serving Japan–Thailand/Vietnam corridors. Sources: • Paris, 24 February 2026 https://www.oecd.org/content/dam/oecd/en/data/insights/statistical-releases/2026/2/International-trade-statistics-Q4-2025.pdf?utm_source=openai • World Bank Document https://documents1.worldbank.org/curated/en/099223405022563634/pdf/IDU-df253cea-7805-45a7-a5a5-966fbbe28072.pdf?utm_source=openai • Geopolitics and the geometry of global trade: 2026 update https://www.mckinsey.com/mgi/our-research/geopolitics-and-the-geometry-of-global-trade-2026-update?utm_source=openai • Friday, 27 February 2026 https://www.lloydslist.com/-/media/lloyds-list/daily-pdf/2026/02-february/dailypdf270226.pdf?rev=83fdfa15758d424ba10b742072854d01&utm_source=openai • Friday, 27 February 2026 https://www.lloydslist.com/-/media/lloyds-list/daily-pdf/2026/02-february/dailypdf270226.pdf?rev=83fdfa15758d424ba10b742072854d01&utm_source=openai • Overcapacity Persists as Trade Flows Move Beyond China | Supply & Demand Chain Executive https://www.sdcexec.com/transportation/ocean-ports-carriers/news/22959963/alixpartners-llp-overcapacity-persists-as-trade-flows-move-beyond-china?utm_source=openai • World Bank Document https://documents1.worldbank.org/curated/en/099223405022563634/pdf/IDU-df253cea-7805-45a7-a5a5-966fbbe28072.pdf?utm_source=openai • Q4/2025 Outlook Economic outlook 2025-2026 as of https://www.scbeic.com/en/detail/file/product/9986/heooqaj68w/Outlook-4Q25-Full-report-ENG-20250109.pdf?utm_source=openai • BOI: Japanese investment applications surge 146% to 119bn baht, optimism grows for Thailand’s 2026 rebound https://www.nationthailand.com/business/investment/40061992?utm_source=openai • 中華系サプライヤーのタイ・ASEAN進出シナリオ - THAIBIZ https://th-biz.com/nomura-202602/?utm_source=openai • BOI: Japanese investment applications surge 146% to 119bn baht, optimism grows for Thailand’s 2026 rebound https://www.nationthailand.com/business/investment/40061992?utm_source=openai • Overcapacity Persists as Trade Flows Move Beyond China | Supply & Demand Chain Executive https://www.sdcexec.com/transportation/ocean-ports-carriers/news/22959963/alixpartners-llp-overcapacity-persists-as-trade-flows-move-beyond-china?utm_source=openai • BOI: Japanese investment applications surge 146% to 119bn baht, optimism grows for Thailand’s 2026 rebound https://www.nationthailand.com/business/investment/40061992?utm_source=openai • Thailand leads ASEAN in FDI with $30 billion quarter as supply… https://valuechainasia.com/articles/supply-chain-and-manufacturing/thailand-supply-chain-fdi-asean-hub-2026?utm_source=openai • Thailand leads ASEAN in FDI with $30 billion quarter as supply… https://valuechainasia.com/articles/supply-chain-and-manufacturing/thailand-supply-chain-fdi-asean-hub-2026?utm_source=openai • 中華系サプライヤーのタイ・ASEAN進出シナリオ - THAIBIZ https://th-biz.com/nomura-202602/?utm_source=openai • BOI: Japanese investment applications surge 146% to 119bn baht, optimism grows for Thailand’s 2026 rebound https://www.nationthailand.com/business/investment/40061992?utm_source=openai • Geopolitics and the geometry of global trade: 2026 update https://www.mckinsey.com/mgi/our-research/geopolitics-and-the-geometry-of-global-trade-2026-update?utm_source=openai • project44 November tariff report shows blank sailings decline as US trade shifts from China to Southeast Asia | project44 https://www.project44.com/press-releases/project44-november-tariff-report-shows-blank-sailings-decline-as-us-trade-shifts-from-china-to-southeast-asia/?utm_source=openai • Overcapacity Persists as Trade Flows Move Beyond China | Supply & Demand Chain Executive https://www.sdcexec.com/transportation/ocean-ports-carriers/news/22959963/alixpartners-llp-overcapacity-persists-as-trade-flows-move-beyond-china?utm_source=openai • project44 November tariff report shows blank sailings decline as US trade shifts from China to Southeast Asia | project44 https://www.project44.com/press-releases/project44-november-tariff-report-shows-blank-sailings-decline-as-us-trade-shifts-from-china-to-southeast-asia/?utm_source=openai • JAPAN DATA: Yen depreciation spurs beef imports in Dec; chicken and pork face challenges | S&P Global https://www.spglobal.com/energy/en/news-research/latest-news/agriculture/021026-japan-data-yen-depreciation-spurs-beef-imports-in-dec-chicken-and-pork-face-challenges?utm_source=openai • JAPAN DATA: Yen depreciation spurs beef imports in Dec; chicken and pork face challenges | S&P Global https://www.spglobal.com/energy/en/news-research/latest-news/agriculture/021026-japan-data-yen-depreciation-spurs-beef-imports-in-dec-chicken-and-pork-face-challenges?utm_source=openai • 日本の2025年農林水産物・食品の輸入は過去最高額を更新(世界、日本) | ビジネス短信 ―ジェトロの海外ニュース - ジェトロ https://www.jetro.go.jp/biznews/2026/05/2cb3f4be0ee663fd.html?utm_source=openai • Japan’s private-sector rice imports jump by 95 times in 2025 - The Japan Times https://www.japantimes.co.jp/business/2026/01/29/economy/japan-private-sector-rice-imports/?utm_source=openai • Japan’s private-sector rice imports jump by 95 times in 2025 - The Japan Times https://www.japantimes.co.jp/business/2026/01/29/economy/japan-private-sector-rice-imports/?utm_source=openai