Panasonic’s Supply Chain Management Arm Goes Public

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By Adhish Luitel | 2Q 2022 | IN-6581

 

Blue Yonder Files for IPO

NEWS


Panasonic Holdings Corporation announced last month that it will spin off its supply chain management business by listing it on the stock exchange, with Blue Yonder as its centerpiece. Through the organizational structure listing, Panasonic’s SCM division aims to expand on its leadership position by creating solutions that will elevate the digital supply chain experience through Research & Development (R&D), strategic Mergers & Acquisitions (M&A), and talent investments to achieve growth plans. Combined, the organization’s goal is to contribute to a more sustainable world by eliminating waste in the supply chain and reducing the global environmental footprint of its customers. The announcement comes amid Blue Yonder’s earnings call, showing continued record growth, with Software-as-a-Service (SaaS) revenue growing to US$113 million in 1Q 2022, up 37% compared to 1Q 2021. Blue Yonder added 37 new customer logos in 1Q 2022 and closed 16 new deals over US$500,000.

New Offerings on the Horizon

IMPACT


The SCM bu…

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