GNX and WWRE will consolidate operations and rationalize their solution portfolio, to lower the price and the cost of delivering these solutions to encourage their wider adoption across the retail industry;
The new company will operate the same product lines that GNX and WWRE each currently offer: sourcing, supply chain collaboration, supplier performance management and private label product development;
Retailers will operate on a single service platform for Global Data Syn--chronization, based on GS1 standards, interoperable with the Global Registry and compatible for EPC/RFID;
With the combined size and adoption rates of GNX and WWRE, the new company will be a strong, stable financial entity, ideally positioned to drive collaborative standards and create a unified forum for the retail industry worldwide.
