{"id":9403,"date":"2021-04-24T09:59:44","date_gmt":"2021-04-24T09:59:44","guid":{"rendered":"https:\/\/dailyrapidnews.com\/eng\/?p=9403"},"modified":"2021-04-24T09:59:44","modified_gmt":"2021-04-24T09:59:44","slug":"panasonic-to-buy-ai-logistics-firm-blue-yonder-for-7-1b","status":"publish","type":"post","link":"https:\/\/dailyrapidnews.com\/eng\/2021\/04\/24\/panasonic-to-buy-ai-logistics-firm-blue-yonder-for-7-1b\/","title":{"rendered":"Panasonic to buy AI logistics firm Blue Yonder for $7.1b"},"content":{"rendered":"

TOKYO:<\/strong> Panasonic will buy American AI supply chain software firm Blue Yonder for $7.1 billion, the Japanese company said Friday.<\/p>\n

The deal will make Blue Yonder a wholly owned subsidiary of the Japanese electronics giant, which has held 20 percent of the US firm\u2019s shares since July last year.<\/p>\n

\"Panasonic-to-buy-AI-logistics-firm-Blue-Yonder-for-$7.1b-rapidnews\"<\/p>\n

Following regulatory approval, the deal will be one of the biggest acquisitions in Panasonic\u2019s history.<\/p>\n

Blue Yonder has more than 3,000 clients worldwide, including multinationals Walmart and Coca Cola as well as airlines and couriers such as FedEx.<\/p>\n

“The need for more intelligent, autonomous and edge-aware supply chains has been dramatically heightened by the Covid-19 pandemic,” Panasonic said in a statement, citing “drastic shifts in supply demand” due to virus lockdowns.<\/p>\n

The firm said the merger would allow it to gain expertise in “state-of-the-art” artificial intelligence technology, and would work to reduce waste in supply chains.<\/p>\n

It also praised the “flexible, agile corporate culture” of Arizona-headquartered Blue Yonder, which was established in 2005.<\/p>\n","protected":false},"excerpt":{"rendered":"

TOKYO: Panasonic will buy American AI supply chain software firm Blue Yonder for $7.1 billion,<\/p>\n","protected":false},"author":1,"featured_media":9404,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[2],"tags":[],"class_list":["post-9403","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"\nPanasonic to buy AI logistics firm Blue Yonder for $7.1b<\/title>\n<meta name=\"description\" content=\"Panasonic will buy American AI supply chain software firm Blue Yonder for $7.1 billion, the Japanese company said Friday.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dailyrapidnews.com\/eng\/2021\/04\/24\/panasonic-to-buy-ai-logistics-firm-blue-yonder-for-7-1b\/\" \/>\n<meta property=\"og:locale\" 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