{"product_id":"panasonic-acquires-blue-yonder","title":"Panasonic Acquires Blue Yonder","description":"\u003cp\u003ePanasonic Acquires Blue Yonder\u003c\/p\u003e\n\n\u003cp\u003eThis IDC Market Note discusses the recently announced acquisition of Blue Yonder by Panasonic Corp. On April 23, 2021, Panasonic announced that it was purchasing the global supply chain software firm Blue Yonder for approximately $7 billion. It is Panasonic's largest acquisition in almost a decade and represents a significant foray into the software market. This acquisition builds on the Panasonic–Blue Yonder strategic relationship that was established in January 2019 with an initial partnership.While Panasonic is best known for its consumer electronics and appliances businesses, it has expanded in recent years to building components and supplying services to other businesses. With the acquisition of Blue Yonder, Panasonic will accelerate its mission to bring automation and integration to the supply chain. The company's acquisition of Blue Yonder brings the combined power of supply, demand, and commerce software together with AI\/ML and IoT and edge devices to better integrate the supply chain and to allow customers to better utilize predictive business insights to make intelligent decisions about their operations in real time.Blue Yonder CEO Girish Rishi along with the extended leadership team will join Panasonic's Connected Solutions Company (to become Panasonic Connect Co. Ltd. on April 1, 2022), and the Blue Yonder brand will be retained, meaning that for the foreseeable future Blue Yonder clients should experience business as usual. In addition to gaining a portfolio of solutions, Panasonic may gain entry to the edge on cloud platforms for Blue Yonder's long list of customers, while for Blue Yonder, its new parent's greater financial resources will likely be brought to bear to further enhance Blue Yonder's portfolio, fill in any product gaps that exist, and further disseminate its AI platform to an expanded potential client base. \"Robust market performance and a parent that likely has greater willingness to invest for the future means that innovation at Blue Yonder is more likely to be accelerated than restrained,\" said Simon Ellis, program vice president for Supply Chain, IDC.\u003c\/p\u003e\n\n\u003cp\u003ePlease Note: Extended description available upon request.\u003c\/p\u003e","brand":"Technology \u0026 Media","offers":[{"title":"June, 2021 \/ 4 Pages \/ MCW16284337","offer_id":47712919552306,"sku":null,"price":1800.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/panasonic-acquires-blue-yonder","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}