Japanese electronics giant Panasonic is planning an acquisition that could make it a world leader in supply chain management. Sources say talks to buy US software firm Blue Yonder are in their final stages.
Blue Yonder uses AI to forecast needs at factories, warehouses and retail stores. It has over 3,300 global clients, including Coca-Cola and DHL.
Supply chain management has become a major challenge for many businesses since the start of the COVID-19 pandemic.
Panasonic already owns 20 percent of Blue Yonder. It acquired the stake last year for about 86 billion yen.
The deal would be Panasonic’s largest M&A since it spent 800 billion yen to make Sanyo Electric and Panasonic Electric Works wholly owned subsidiaries in 2011.
The company aims to apply its facial recognition, sensors, and other technology to Blue Yonder’s system to expand sales.