Blue Yonder Showcased How Companies Can “Superpower” Their Supply Chain at ICON 2024; Releases Q1 2024 Company Highlights
14 Mayo 2024 - 11:00AM
Business Wire
Blue Yonder reinforces its commitment to
product innovations and its customers at annual conference, while
unlocking the power of generative AI and building on its
platform
Blue Yonder Holding, Inc. (Blue Yonder), a leader of digital
supply chain transformations, today released its Q1 2024 company
highlights and further showcased its vision to build the supply
chain of the future at ICON 2024, its annual customer
conference.
Quarterly Company Highlights
In Q1 2024, Blue Yonder showed significant progress in several
areas of its business, including:
- Announced the acquisition of flexis AG and a binding agreement
to acquire One Network Enterprises, marking approximately $1
billion in M&A investments covering three acquisitions since Q4
2023.
- Added 34 new customer logos in Q1 2024. Some of the
customers who selected or extended their footprint with Blue Yonder
during the quarter include:
- Americas: Alimentos Prosalud, Corporación Pipsa, Dos
Pinos, Driscoll’s, Ferrero, Haleon, Herdez, Newell Brands, R.E.
Michel Company, Roma Prince S.A., Sportman’s Warehouse, Umbral,
Unilever, Utz, Vinoteca
- APAC/EMEA: ASDA, BrandSafway, Deutsche Edelstahlwerke
Specialty Steel, Ferrero, Metro, Panasonic Connect, Pegatron,
Posten Bring AS, Rewe Group
- Featured in 18 key technology industry analyst reports
from Gartner and IDC (see full list below).
Next-Generation Supply Chains
During ICON 2024, Blue Yonder leadership unveiled how an
end-to-end supply chain platform powered by cutting-edge artificial
intelligence (AI) and a unified data cloud are helping companies
pivot through disruptions to create a more resilient supply chain.
Blue Yonder showcased how attendees can “superpower” their supply
chains by leaping across organizational siloes, planning into the
future, and moving with the speed of change to meet their digital
transformation and sustainability goals.
“Imagine a world where businesses have the resiliency to bounce
back after every disruption; where flexibility doesn’t come at the
expense of efficacy; where technology turns supply chain operators
into superheroes,” said Duncan Angove, CEO, Blue Yonder. “Not only
is this possible, but it is Blue Yonder’s vision. The innovations
of the past few years – from the data cloud to generative AI to
end-to-end connectivity – are now allowing Blue Yonder to help
customers solve larger supply chain problems faster and give them
greater visibility. With Blue Yonder’s innovations, businesses will
be able to solve challenges quickly to keep their supply chains
moving and meet customer demand. The result is that our customers
are faster to respond; are more resilient, engaged, and
competitive; and can deliver greater value.”
Last year at ICON, Blue Yonder announced that it was
investing over $1 billion in innovations over the next three
years. The company is delivering on its promise, building out
its Blue Yonder Platform to be purpose-built for AI to
improve data quality and decision speed. Today, the Blue Yonder
Platform processes 10 billion predictions a day. The company
has also doubled the size of its engineering organization with more
than 300 scrum teams working on new capabilities. This
growth allowed Blue Yonder to launch its largest product release
in the history of the company earlier this year.
To showcase the power of the Blue Yonder Platform, the following
was highlighted on ICON main stage:
- Generative AI and Supply Chain Agents: Blue Yonder has
been a leader in the AI space, having leaned into predictive AI and
developed patented supply chain solvers, allowing its customers to
predict demand – to the tune of 10 billion predictions a day – and
pivot through disruptions. Over the past 10 years, Blue Yonder has
expanded its use of AI and machine learning (ML) capabilities as
new AI techniques became available, e.g., probabilistic AI,
heuristics, deep meta learning, etc. Blue Yonder is now also
driving innovation by bringing together generative AI models that
are adept at language, images, and content creation with the
company’s patented solvers and predictive AI capabilities to
empower businesses to solve supply chain’s biggest challenges.
Introduced last year, Blue Yonder Orchestrator is the
framework for building generative AI-based supply chain
capabilities. Blue Yonder is using Blue Yonder Orchestrator to
design intelligent assistants, or AI Agents, to support
supply chain professionals. Blue Yonder is partnering with its
customers to configure these AI Agents to ensure they meet their
needs, helping to automate tasks and enhance decision-making speed,
quality and resilience. The AI Agents can proactively identify
opportunities and risks, make recommendations, and execute the
decisions through a set of APIs. Business users can quickly access
recommendations, predictive insights, and intelligent decisions
using their dedicated AI Agent to ensure they generate the best
outcomes to positively impact their supply chain. As part of this
effort, Blue Yonder announced a new AI Innovation Studio at
its Dallas office where it can host design-led AI Agent workshops
with customers. To further strengthen its AI capabilities, Blue
Yonder recently hired Wade Gerten as senior vice president,
Generative AI and Andrea Morgan-Vandome as chief innovation
officer, while also expanding its already robust team of AI
researchers and engineers to include world-class generative AI
talent.
- Leaning Into Cognitive: As part of its largest product
release earlier this year, Blue Yonder announced the launch of its
cognitive class of solutions, starting with Cognitive Demand
Planning. These cognitive solutions are built on a modern SaaS
native platform and use AI to reimagine how work is done by
harnessing the power of the data cloud. With an adaptable and
event-driven framework, these solutions transform how companies
tackle uncertainty in their supply chain management. The company is
planning to launch more cognitive solutions, including:
- Cognitive Integrated Business Planning is an innovative
approach to a common challenge that automates and intelligently
explores supply chain strategies. It assesses multiple scenarios
simultaneously, offering intelligent options to meet business
objectives. Conventional strategies like what-if planning and
simulations often demand considerable manual input from supply
chain professionals to comprehend disruptions, collect data, run
simulations, and make decisions, particularly when time is limited.
This new solution will increase decision speed and accuracy, and
significantly reduce manual work.
- Cognitive Merchandise Financial Planning flips the
discipline on its head. Today's merchandise planners are
over-reliant on sales history and spend a disproportionate amount
of time in the low value quest to build the perfect plan, only to
see that plan struggle to be achieved when it meets reality,
resulting in locked capital and unnecessary discounting. Blue
Yonder's advanced AI draws the best out of planners by autonomously
constructing data-driven, constraint-aware plans that intuitively
recognize the difference between trend and blip. This allows
merchandisers to direct their valuable time toward seizing the
opportunity present in disruption, aided by AI-driven
recommendations that align actions to strategic goals.
- Cognitive Execution is reimagining operations with an
AI-driven solution that looks at the upstream and downstream
processes across planning, warehouse, transport, and order
management to optimize cost to serve and improve on-time, in-full
delivery. By leveraging the Blue Yonder Platform and composable
services, companies can eliminate barriers between systems allowing
for end-to-end optimization. This in turn enables supply chain
leaders to predict disruptions, make intra-day decisions, automate
resolutions, and orchestrate actions. Businesses can stay flexible
and responsive to changes in demand, supply, or constraints,
ensuring more resilient, agile, and autonomous supply chains.
- Composable Journeys: A Composable Journey enables
customers to consume Blue Yonder’s innovations to move to a modern,
autonomous end-to-end supply chain. This in turn accelerates
transformation, reduces time to value, and lowers cost of
ownership. Blue Yonder’s customers are experiencing up to a 12-time
return on investment (ROI) from the Composable Journey. Blue Yonder
works with customers to review their current and future supply
chain vision to build a roadmap that includes optimizing their
existing Blue Yonder investments, deploying these solutions
seamlessly, integrating microservices, and running these
investments on a shared data model to leverage cognitive
capabilities. Because the journey is composable, it can be
implemented in weeks instead of months at a pace that works for the
customer while still leveraging their existing Blue Yonder
investments. As part of the process, Blue Yonder offers change
management and value realization services that support a customer’s
transformation journey, allowing them to maximize business
value.
“Blue Yonder ICON continues to be the premiere supply chain
event thanks to our dedicated customers who show up every year to
showcase how they are using our technology to better their supply
chains,” said Patricia Harris, chief marketing officer, Blue
Yonder. “It is also an invaluable event with regards to learning as
a result of the countless breakout sessions on various topics and
the Innovation Experience where customers can see our innovative
technology firsthand. Each year at ICON we highlight the key ways
we are innovating to help our customers thrive in the ever-changing
world of supply chain. From building resilience into their
operations to improving their sustainability practices to meeting
consumer demands, our Blue Yonder solutions are pivotal to helping
our customers grow their businesses and succeed.”
Additional Company Highlights
- Blue Yonder was highlighted in a recent Microsoft blog written
by Judson Althoff, executive vice president and chief commercial
officer, ahead of Microsoft’s FY24 Q3 earnings. Read the blog post
“Leading in the era of AI: How Microsoft’s platform differentiation
and Copilot empowerment are driving AI Transformation.”
- Learn how Blue Yonder’s customers are persisting during times
of disruption to digitally transform their supply chains and
reimagine the consumer experience:
- Blue Yonder Drives Transportation Optimization at
Kimberly-Clark
- The Source: Supply Chain Digital Disruptors (video)
- Heading into Q2 2024, Blue Yonder’s Industry Strategy team
shares insights shaped by their industry expertise, conversations
with customers, and trends that are top of mind for customers and
partners. Read their insights in this blog post.
- Technology industry analyst recognitions in Q1 2024:
- Gartner®, Market Guide for Distributed Order Management
Systems, 2024
- Gartner, Tool: Gartner’s Hype Cycle Builder
- Gartner, Tool: Forecast and Market Share Data Publication
Schedule for 2024, 4Q23 Update
- Gartner, Market Guide for Cloud Extended Planning and Analysis
Solutions, 2024
- Gartner, Market Guide for Supply Chain Network Design Tools,
2024
- Gartner, Tool: Vendor Identification for Supply Chain Network
Design Tools
- Gartner, Market Opportunity Map: Supply Chain Management
Software, Worldwide
- Gartner, Consult the Board: Databricks and Snowflake
Convergence
- Gartner, Magic Quadrant™ for Transportation Management Systems,
20241
- Gartner, Critical Capabilities for Transportation Management
Systems, 20242
- IDC, PeerScape: Practices to Optimize Omni-Channel Order
Orchestration and Fulfillment
- IDC, Market Glance: Transportation and Global Trade, 1Q24
- IDC, Planning Smartness: AI in Retail Scenario Planning
- IDC, Top 5 Views for GenAI and Analytics at NRF 2024
- IDC, MarketScape: Worldwide Warehouse Management 2024 Vendor
Assessment
- IDC, Market Glance: European Supply Chain Planning, 1Q24
- IDC, Worldwide Retail Industry Spending Guide Taxonomy,
2024
- IDC, ProductScape: Worldwide Warehouse Management Systems,
2024
Sources:
1Gartner, Magic Quadrant for Transportation Management Systems,
Brock Johns, Oscar Sanchez Duran, Carly West, Manav Jain, 27 March
2024. 2Gartner, Critical Capabilities for Transportation Management
Systems, Brock Johns, Oscar Sanchez Duran, Carly West, Manav Jain,
27 March 2024.
GARTNER is a registered trademark and service mark of Gartner,
Inc. and/or its affiliates in the U.S. and internationally, and
MAGIC QUADRANT is a registered trademark of Gartner, Inc. and/or
its affiliates and are used herein with permission. All rights
reserved.
Gartner does not endorse any vendor, product or service depicted
in its research publications, and does not advise technology users
to select only those vendors with the highest ratings or other
designation. Gartner research publications consist of the opinions
of Gartner’s research organization and should not be construed as
statements of fact. Gartner disclaims all warranties, expressed or
implied, with respect to this research, including any warranties of
merchantability or fitness for a particular purpose.
About Blue Yonder
Blue Yonder is the world leader in digital supply chain
transformation. Global retailers, manufacturers and logistics
providers leverage Blue Yonder to optimize their supply chains from
planning through fulfillment, delivery and returns. Blue Yonder’s
AI-embedded, interoperable supply chain solutions are connected
end-to-end via a unified platform and data cloud, enabling business
to collaborate in real time across functions, which supports more
agile decision-making, improved customer satisfaction, profitable
growth, and more resilient, sustainable supply chains. Blue Yonder
- Fulfill your PotentialTM www.blueyonder.com
“Blue Yonder” is a trademark or registered trademark of Blue
Yonder Group, Inc. Any trade, product or service name referenced in
this document using the name “Blue Yonder” is a trademark and/or
property of Blue Yonder Group, Inc. All other company and product
names may be trademarks, registered trademarks or service marks of
the companies with which they are associated.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240514766488/en/
Blue Yonder Public Relations Contacts: Marina Renneke,
APR, Global Corporate Communications Sr. Director Tel: +1
480-308-3037, marina.renneke@blueyonder.com
Rossella Benti, EMEA Corporate Communications Director Tel: +39
335 7849149, rossella.benti@blueyonder.com