Since Panasonic’s announcement to acquire all
shares on April 23, 2021, the acquisition has completed antitrust clearance
procedures and received approval of regulatory authorities in the U.S. and
other countries.
The acquisition accelerates Panasonic’s and
Blue Yonder’s shared vision for an Autonomous Supply Chain™. By unifying
Panasonic’s sensing technologies and edge devices with Blue Yonder’s
AI/ML-powered planning, execution and commerce solutions, companies can create
smarter and more connected e-commerce strategies, retail stores, warehouses,
transportation, and workplaces. This unique end-to-end offering provides
customers with unlimited visibility, control, and orchestration, allowing them
to pivot operations in real-time, provide superior customer experiences, and
deliver more profitable business outcomes.
“With the increasing frequency and impact of
supply chain disruptions, companies need data and visibility to make real-time
operations decisions. Panasonic’s Edge technology with Blue Yonder’s AI/ML
capabilities combines IoT devices and an AI-powered platform to gather and
analyze data more quickly and with greater insight,” explained industry analyst
Simon Ellis, Program Vice President, IDC. “Panasonic’s resources and Blue
Yonder’s innovation will accelerate the development of the tools customers need
to anticipate and prevent disruptions and breathe autonomy into their supply
chains. Panasonic's acquisition of Blue Yonder is indicative of what's to
come.”
This acquisition enhances Panasonic’s own
digital transformation and customer-centric focus. The Panasonic Group will
shift to a holding company system on April 1, 2022, focusing on strategic
businesses in key areas such as providing supply chain innovation and automation.
Through this transformation, Panasonic aims to contribute to the realization of
a sustainable society through more efficient use of limited global resources.
The Blue Yonder brand will be retained and the
business will function within the Panasonic Connected Solutions Company*. Blue
Yonder CEO Girish Rishi and the entire leadership team will remain with the
company.
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