Panasonic is looking to significantly boost its supply chain operations with the announcement that it will buy software provider Blue Yonder for approximately $7.1 billion, reports ThomasNet.
Blue Yonder is a software-as-as-system provider and consultancy offering end-to-end supply chain and commerce solutions. The company serves major retailers, consumer goods manufacturers, and third-party logistics providers, including FedEx, The Home Depot, Starbucks, Walgreens, and DHL.
According to ThomasNet, Panasonic noted that the COVID-19 pandemic prompted increased demand for smart, data-based, and autonomous-driven supply chains amid growth in e-commerce.
“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,” Panasonic said in the statement.
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For more help with looking at supply chain options, contact Astute Electronics here
