Blue Yonder utilises artificial intelligence (AI) to predict product demand and delivery dates and its customers include Unilever and Starbucks. In the UK, it has helped Morrisons to increase same-store sales by 2.6% and improved on-shelf availability by up to 30% while reducing store inventory by 2-3 days.
Panasonic bought a 20% stake in Blue Yonder for around $791 million (86 billion yen) last year and gained a seat on its board as a result of this investment. It is currently owned by two other shareholders, Blackstone Group and New Mountain Capital.
According to the publication, the negotiations are in their final stages but added there is still a chance the two sides will not reach an agreement.
Panasonic to acquire Blue Yonder for $6 5B — Nikkei Asia report freightwaves.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freightwaves.com Daily Mail and Mail on Sunday newspapers.
パナソニック 米ソフトウエア会社買収で調整 数千億円規模か nhk.or.jp - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nhk.or.jp Daily Mail and Mail on Sunday newspapers.
TOKYO: Panasonic Corp will buy US supply-chain software firm Blue Yonder for ¥700 billion (RM26.4 billion), in the Japanese electronics firm's biggest.
Panasonic Corp will buy U.S. supply-chain software firm Blue Yonder for 700 billion yen ($6.45 billion), in the Japanese electronics firm's biggest acquisition since 2011, the Nikkei reported on Monday.