Acquisition will combine IoT/edge and AI/ML solutions to deliver new cloud capabilities and create a more sustainable world
Panasonic’s collaboration with Blue Yonder, the autonomous Supply Chain expert, began in January 2019. After acquiring 20% of the stakes in July 2020, Panasonic has now acquired the entire company at the valuation of USD 8.5 billion. Blue Yonder is an end-to-end, digital fulfilment platform provider and the acquisition strengthens Panasonic’s portfolio and accelerates the companies’ shared Autonomous Supply Chain mission, empowering customers to optimize their supply chains using the combined power of AI/ML and IoT and edge devices.
By unifying supply, demand and commerce solutions with IoT and edge technologies, companies can better utilize predictive business insights to pivot their operations in real-time. Combining Panasonic’s strength in industrial engineering, IoT and edge technologies with Blue Yonder’s AI/ML-driven supply chain and commerce solutions greatly intensifies the customer value of Blue Yonder’s leading digital fulfillment platform. Together, Panasonic and Blue Yonder will deliver a unique competitive advantage for customers to drive more automation and actionable, real-time business insights that reduce waste and improve operations, while creating a more sustainable world.
The company counts more than 3,000 global customers including 65 of the top 100 retailers, 48 of the top manufacturers, and 9 of the top 10 global third-party logistics companies. Blue Yonder’s global customers include many of the world’s leading brands including Albertsons, Best Buy, BP, Caterpillar, Coca-Cola, DHL, Diageo, Lowes, Marks & Spencer, Mercedes Benz, PepsiCo, Procter ＆ Gamble, Starbucks, Unilever and Walmart.