Panasonic Corporation announced plans to acquire Blue Yonder to strengthen Panasonic’s portfolio and accelerate both companies’ shared autonomous supply chain mission.
“I’m extremely happy to welcome Blue Yonder and its associates to the Panasonic group. Both companies have the same mission to support customers’ frontline operations and we have a high affinity in our corporate cultures. By merging the two companies, we would like to realize a world where waste is autonomously eliminated from all supply chain operations and the cycle of sustainable improvement continues. There are still many such losses and stagnation in supply chain operations, so through the drastic reduction of wasted labor and resources, we would like to provide better ways of working and contribute to customers’ management reform and also to the realization of a sustainable society by carefully using limited global resources. I am confident that by combining the power of Blue Yonder and Panasonic, we can create innovation in global supply chains,” says Panasonic CEO Yuki Kusumi.
“I am thrilled to announce that Blue Yonder is joining Panasonic. This association came about as a result of three years of working together, first with Panasonic as a Blue Yonder customer and thereafter as joint venture partner. We have developed mutual trust and have a shared vision for an autonomous supply chain that delivers a better life and a better world. As the essential platform for essential times, we are relentlessly focused in fulfilling our customers’ potential,” adds Girish Rishi, CEO of Blue Yonder.
- Combining Panasonic’s strength in industrial engineering, Internet of Things (IoT) and edge technologies with Blue Yonder’s artificial intelligence/machine learning-driven supply chain and commerce solutions greatly intensifies Blue Yonder’s digital fulfillment platform.
- On April 1, 2022, the Panasonic Group will shift to a holding company system concentrating management resources on strategic businesses in key areas such as providing supply chain innovation and automation.
- Yasuyuki Higuchi is CEO of Panasonic’s Connected Solutions Company (to become Panasonic Connect Co., Ltd. on April 1, 2022), which leads this business area.