{"id":698,"date":"2025-02-04T15:45:32","date_gmt":"2025-02-04T23:45:32","guid":{"rendered":"https:\/\/wismettacusa.com\/ca\/?page_id=698"},"modified":"2025-12-19T13:04:49","modified_gmt":"2025-12-19T21:04:49","slug":"annual-report","status":"publish","type":"page","link":"https:\/\/wismettacusa.com\/ca\/annual-report\/","title":{"rendered":"Annual Report"},"content":{"rendered":"\n<p>May 28, 2025<\/p>\n\n\n\n<p class=\"has-text-align-center\"><u><strong>Canadian Bill S-211 Compliance and Reporting<\/strong><\/u><\/p>\n\n\n\n<p>To the Honourable Minister of Public Safety and Emergency Preparedness:<br>In compliance with Canadian Bill S-211, an Act to Enact the Fighting Against Forced Labour and Child Labour in Supply Chains and to Amend the Customs Tariff (the \u201cAct\u201d), the following Report on Forced Labour and Child Labour Initiatives (hereinafter \u201cReport\u201d) is hereby submitted by and on behalf of <strong><u>Wismettac Asian Foods, Inc.<\/u><\/strong> (hereinafter, \u201c<strong>Wismettac<\/strong>\u201d).<\/p>\n\n\n\n<p class=\"has-text-align-center\"><u>Background, Incorporation, &amp; Applicability<\/u><\/p>\n\n\n\n<p><strong>Wismettac<\/strong> is a private Canadian Corporation, incorporated under the British Columbia Business Corporations Act on or about July 29, 2014, under number BC1009310 and located at 11388 No. 5 Road, Suite 130, Richmond, BC V7A 4E7.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Wismettac <\/strong>maintains its principal location in British Columbia with additional locations in Ontario and Quebec, and a satellite location in Alberta.<\/li>\n<\/ul>\n\n\n\n<p>Each of <strong>Wismettac\u2019s<\/strong> locations in British Columbia, Ontario, and Quebec has levels of leadership in order to closely oversee: (1) Sales; (2) Logistics; and (3) Office Administration and Operations. This includes, at a minimum, a Branch Manager, a Logistics Manager, and an Office Manager, and, in some cases, also Deputy Branch Managers, Assistant Logistics Managers, and Assistant Office Managers.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Wismettac\u2019s<\/strong> President is Benjamin Tsang, who is seated in Toronto and who oversees all ultimate operations for the corporation. <strong>Wismettac<\/strong> also maintains two Directors: Hyoe Yamashita and Takahisa Suzuki.<\/li>\n\n\n\n<li>As of December 31, 2024, Wismettac had a total of 137 employees in Canada: (1) 50 employees in Vancouver; (2) 2 employees in Calgary; (3) 69 employees in Toronto; and (4) 16 employees in Montreal.<\/li>\n\n\n\n<li><strong>Wismettac<\/strong> acknowledges and proceeds under applicability of the Act to it on the basis that <strong>Wismettac<\/strong>: (1) Does business in Canada and has had at least $20 million in assets for at least one of its two most recent financial years; and (2) Has generated at least $40 million in revenue for at least one of its two most recent financial years. However, please note that Wismettac is not listed on any Stock Exchange in Canada and does not have, and has not had, 250 or more employees in Canada.<\/li>\n\n\n\n<li><strong>Wismettac<\/strong> does not own or control any other corporate entities.<\/li>\n<\/ul>\n\n\n\n<p class=\"has-text-align-center\"><u>Other Jurisdictions (If Applicable)<\/u><\/p>\n\n\n\n<p><strong>Wismettac<\/strong> is wholly-owned by the similarly-named California Corporation Wismettac Asian Foods, Inc. (hereinafter \u201cWAF\u201d) in the United States of America, California Entity No. 0399277, located at 13409 Orden Drive, Santa Fe Springs, California 90670, United States of America.<br>While <strong>Wismettac<\/strong> is a wholly-owned subsidiary of WAF, <strong>Wismettac<\/strong> is a separately registered and operating, and independent entity doing business in the Provinces of Canada. WAF does not hold any of its own operations, assets, or employees in Canada, nor does it do any independent business in Canada.<\/p>\n\n\n<ul>\n<li>\n<p><strong>Wismettac<\/strong> is not subject to other mandatory reporting requirements under supply chain legislation in another jurisdiction.<\/p>\n<\/li>\n<\/ul>\n\n\n<p class=\"has-text-align-center\"><u>Financial Reporting Year &amp; Revised Reports<\/u><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>This Report is submitted for <strong>Wismettac\u2019s<\/strong> 2024 financial year.<\/li>\n\n\n\n<li>This Report is <strong>Wismettac\u2019s<\/strong> second report in compliance with the Act. Neither <strong>Wismettac\u2019s<\/strong> first report, nor this report were or are revised reports.<\/li>\n<\/ul>\n\n\n\n<p class=\"has-text-align-center\"><u>Sector &amp; Industry \/ Structure &amp; Activities<\/u><\/p>\n\n\n\n<p><strong>Wismettac<\/strong> is a Canadian Corporation which was formed for the purpose of importing and distributing food and beverage products in Canada from Asia and the United States of America, and which plays an integral role in connecting Canadian consumers with authentic Asian food and beverage products through its distribution network and supply chain operations.<br><strong>Wismettac <\/strong>operates in the following sectors and industries, identified under the Act:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Wholesale Trade<\/li>\n\n\n\n<li>Transportation and Warehousing<\/li>\n\n\n\n<li>Other, please specify: Food Import and Distribution<\/li>\n<\/ul>\n\n\n\n<p>Structure: <strong>Wismettac<\/strong> is part of a global network of related but separately operating entity companies primarily engaged in the import, export, wholesale, and distribution of Asian food and beverage products. <strong>Wismettac<\/strong> operates within this group to source its Asian food and beverage products from the following three sources: (1) Wismettac Foods, Inc., which is a Japanese Company and serves as a purchaser and distributor of products sourced from Japan, China, South Korea, Taiwan, Singapore, Vietnam, Thailand, Indonesia, and Myanmar (including entities, Wismettac Foods Shanghai Co., Ltd. and Wismettac Foods, Inc. Seoul); (2) WAF which, as identified above, is a California Corporation based in the United States of America and serves as a purchaser and distributor of products sourced from Wismettac Foods, Inc., Wismettac Foods Shanghai Co., Ltd., Wismettac Foods, Inc. Seoul, and suppliers from Japan, China, South Korea, Taiwan, Singapore, Vietnam, Thailand, Indonesia, and Myanmar; and (3) Wismettac Foods Shanghai Co., Ltd. which is a Chinese Company and serves as intermediary entity to source<br>products as a buyer\u2019s agent from China. <strong>Wismettac<\/strong> then distributes to its network of downstream customers\/purchasers located in the Provinces of Canada.<br>Activities: <strong>Wismettac<\/strong> specializes in sourcing, importing, and distributing a wide range of Asian food and beverage products to various customers across Canada. <strong>Wismettac\u2019s<\/strong> product portfolio includes items such as Japanese, South Korean, Chinese, Thai, Vietnamese, and other Asian comestibles, including frozen and refrigerated goods, dry goods, beverages, condiments, and snacks. <strong>Wismettac<\/strong> caters to different customer bases including restaurants, grocery stores, specialty food retailers, and foodservice providers.<\/p>\n\n\n\n<p class=\"has-text-align-center\"><u>Supply Chains<\/u><\/p>\n\n\n\n<p>As touched upon above, <strong>Wismettac <\/strong>maintains supply chains across Asia and the United States of America to source high-quality products from globally-minded suppliers. These supply chains involve various stages including sourcing raw materials, manufacturing and production, packaging, transportation, and distribution.<br><br>More specifically, <strong>Wismettac\u2019s<\/strong> main supply chain derives from its primary supplier, Wismettac Foods, Inc., which is based in Japan and which serves as the main source for the majority of the food and beverage products imported into Canada. Wismettac Foods, Inc. sources from a level of secondary suppliers, manufacturers, and packagers from Japan, South Korea, China, Taiwan, Singapore, Vietnam, and Thailand. At this level, raw product materials are sourced, such as the harvesting of seafood and produce, manufactured and produced, such as the preparation of rice, dried nori (seaweed), and condiments, and packaged, which includes the review of PFAS compliance for packaging. These goods are then sold to Wismettac Foods, Inc., and are in turn purchased for import and distribution by <strong>Wismettac<\/strong>.<br><\/p>\n\n\n\n<p><strong>Wismettac\u2019s<\/strong> additional supply chains come from WAF in the United States of America, and from Wismettac Foods Shanghai Co., Ltd. which serves as \u201cbuyer\u2019s agent\u201d to source products from China, enabling <strong>Wismettac<\/strong> to purchase directly from primary level suppliers in China. In the case of supply provided by the United States of America, Wismettac purchases food and beverage products imported from WAF (in the United States of America), which are originally purchased and imported from Wismettac Foods, Inc. in Japan.<br>Wismettac emphasizes the importance of maintaining strong relationships with its suppliers to ensure product quality, reliability, and consistency, and observance of preventing forced labour and child labour within the same.<\/p>\n\n\n\n<p class=\"has-text-align-center\"><u>Due Diligence and Provisions to Address Forced Labour &amp; Child Labour<\/u><\/p>\n\n\n\n<p>Based on an understanding of its supply chain and assessment of the third-parties that support its operations, <strong>Wismettac<\/strong> recognizes that there is a general possible risk of forced labour and\/or child labour, <strong><em>not from within itself or its affiliated companies from the Wismettac global group,<\/em><\/strong> but from foreign suppliers within its supply chain. Wismettac and its activities, and that of its affiliated companies from the <strong>Wismettac<\/strong> global group, <strong><em>do not cause or contribute<\/em><\/strong> to forced labour or child labour. However, as <strong>Wismettac<\/strong> sources its products from secondary-level suppliers, manufacturers, and packagers located in the regions of Japan, China, South Korea, Taiwan, Singapore, Vietnam, Thailand, Indonesia, and Myanmar, <strong>Wismettac<\/strong> understands and undertakes steps to survey, evaluate, and prevent forced labour and child labour from these sources.<br><br><strong>Wismettac <\/strong>utilizes a \u201cSupplier Approval Questionnaire\u201d with each of its foreign suppliers, including utilization by Wismettac Foods, Inc., WAF, and Wismettac Foods Shanghai, Co., Ltd., which requires these suppliers to provide information including, but not limited to: (1) supplier name and locations; (2) manufacturing facilities used and type; (3) types of products supplied to Wismettac; (4) regulatory compliance, including, but not limited to licensing and registration with governmental agencies; (5) policies and practices relating to quality management and quality control; (6) policies and practices relating to analyses of hazards and risk-based preventive controls; (7) use and implementation of an established \u201csupplier approval program\u201d; (8) policies and practices relating to the monitoring and assurance of meeting import specifications for all raw materials and packaging; (9) policies and practices relating to the monitoring and assurance of \u201cfood defense programs\u201d and the prevention of tampering; (10) policies and practices relating to monitoring and assuring recall and traceability of all products; (11) <strong><em>policies and practices relating to monitoring and assuring sanitation and human safety;<\/em><\/strong> and (12) <strong><em>policies and practices relating to monitoring and preventing forced, bonded, slave, and child labor and human trafficking, including confirmation that no employee of any supplier has been forced into labor, enslaved, or been subjected to human trafficking.<\/em><\/strong> (Emphasis added from original document.)<br><br>More specifically, suppliers are required to: (1) identify the use of company policies for \u201c<strong><em>[N]ot hiring forced, bonded, slave, and human traffick[ed] workers\u201d<\/em><\/strong>; (2) \u201c<strong><em>Confirm [that] all employees, including permanent, temporary, and contract workers are not forced, bonded, [en]slaved, or [have] undergone\u2026 human trafficking<\/em><\/strong>\u201d: and (3) \u201c<strong><em>Confirm there [is] no child labour in the facility.<\/em><\/strong>\u201d (Emphasis added from original document.)<br><br>In addition, in 2024, Wismettac began implementing additional policies to <strong><em>require that each supplier warrant and guarantee that its corresponding supply chains do not and have not relied on or utilized forced labour, slave labour, human trafficking, or child labour.<\/em><\/strong><br>Furthermore, beginning in 2026, <strong>Wismettac<\/strong> will be implementing an updated warehouse management system in each location that it has, in each of the earlier-identified Provinces. This updated system will be geared toward tracking and monitoring each \u201ckey data element\u201d within Wismettac\u2019s supply chain, for each food and beverage product imported by <strong>Wismettac<\/strong> into Canada. This may also aid <strong>Wismettac<\/strong> in tracking its suppliers\u2019 compliance with sourcing products, generally.<\/p>\n\n\n\n<p class=\"has-text-align-center\"><u>Remediation Steps<\/u><\/p>\n\n\n\n<p>Thankfully, to date, <strong>Wismettac<\/strong> has not identified any actual forced labour or child labour within its own activities and supply chains. Therefore, it has not needed to take steps to actually remediate forced labour or child labour, nor has it established any practices relating to remediation of forced labour and child labour. However, in order to develop a safeguard against potential damages and harm caused by forced labour and\/or child labour from possible suppliers, <strong>Wismettac<\/strong> requires that each of its suppliers covenant and be legally bound to indemnify for all such damages.<\/p>\n\n\n\n<p class=\"has-text-align-center\"><u>Training<\/u><\/p>\n\n\n\n<p>As part of its implementation of its \u201cSupplier Approval Questionnaire,\u201d <strong>Wismettac <\/strong>educates its employees who make contracting or purchasing decisions on how to implement the same and how to check the information provided by suppliers. In addition, <strong>Wismettac<\/strong> began implementing in 2024 further steps to require that each supplier continue to warrant and guarantee that its supply chains do not and have not relied on or utilized forced labour, slave labour, human trafficking, or child labour.<\/p>\n\n\n\n<p class=\"has-text-align-center\"><u>Assessing Effectiveness<\/u><\/p>\n\n\n\n<p><strong>Wismettac<\/strong> has not taken actions to assess the effectiveness in preventing or reducing risks of forces labour and child labour in its activities and supply chains. However, notably, there have been no known forced labour or child labour issues to date. And starting in 2024, <strong>Wismettac<\/strong> began developing further contractual bases to engage its suppliers to guarantee that no forced labour or child labour is relied on in the upstream and downstream supply chains used by <strong>Wismettac<\/strong>. <strong>Wismettac<\/strong> will continue to evaluate other potential steps in order to assess possible effectiveness of its policies against forced labour and child labour.<br><br>This Report is respectfully submitted on behalf of <strong>Wismettac Asian Foods, Inc.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>May 28, 2025 Canadian Bill S-211 Compliance and Reporting To the Honourable Minister of Public Safety and Emergency Preparedness:In compliance with Canadian Bill S-211, an Act to Enact the Fighting Against Forced Labour and Child Labour in Supply Chains and to Amend the Customs Tariff (the \u201cAct\u201d), the following Report on Forced Labour and Child [&#8230;]<\/p>\n<p><a class=\"btn btn-secondary understrap-read-more-link\" href=\"https:\/\/wismettacusa.com\/ca\/annual-report\/\">Read More&#8230;<\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"parent":0,"menu_order":1,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"class_list":["post-698","page","type-page","status-publish","hentry"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/wismettacusa.com\/ca\/wp-json\/wp\/v2\/pages\/698","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wismettacusa.com\/ca\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/wismettacusa.com\/ca\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/wismettacusa.com\/ca\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/wismettacusa.com\/ca\/wp-json\/wp\/v2\/comments?post=698"}],"version-history":[{"count":12,"href":"https:\/\/wismettacusa.com\/ca\/wp-json\/wp\/v2\/pages\/698\/revisions"}],"predecessor-version":[{"id":762,"href":"https:\/\/wismettacusa.com\/ca\/wp-json\/wp\/v2\/pages\/698\/revisions\/762"}],"wp:attachment":[{"href":"https:\/\/wismettacusa.com\/ca\/wp-json\/wp\/v2\/media?parent=698"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}