Blue Yonder Releases Q2 2024 Company Highlights, Showcases Q3 Momentum and Offers Industry Insights
06 Agosto 2024 - 10:00AM
Business Wire
Leading supply chain solutions company
continues its forward momentum by strengthening its AI-powered
enterprise supply chain platform and acquiring One Network
Enterprises
Blue Yonder Holding, Inc. (Blue Yonder), the leader in digital
supply chain transformation, today released its Q2 2024 company
highlights, as well as the industry trends that matter most heading
into Q3 2024.
Quarterly Company Highlights
In Q2 2024, Blue Yonder continued to showcase its end-to-end
strength in the market by:
- Adding 25 new customer logos in Q2 2024. Some of
the customers who selected or extended their footprint with Blue
Yonder during the quarter include:
- Americas: Compañía Cervecerías Unidas S.A. (CCU),
Core-Mark, Econoparts, Farmazona, REI, Sedano’s Supermarkets,
Tractor Supply
- APAC/EMEA: Compal, Europastry, Manor AG, Sainsbury’s,
Sogefi, Tamedia Publikationen Deutschschweiz AG, Viva Energy, WITTE
Automotive
- Strengthening its artificial intelligence (AI)-powered
enterprise supply chain platform and industry-specific
offerings through new planning and execution capabilities that
empower supply chain leaders to meet critical business objectives.
These product innovations deliver actionable insights from their
supply chain data driving greater cost efficiency and a faster
return on investment. Learn more about this product launch in the
announcement here. Some of the key capabilities driven by these new
products enhancements that organizations will benefit from include:
- Transform Retail Enterprise Planning: Blue Yonder
Cognitive Merchandise Financial Planning continues to change the
way retailers make decisions by adding new insight visualization,
hierarchical planning, attribute-based analysis, and collaboration
capabilities that improve cost control and revenue generation from
merchandise planning.
- Enhance Planning Productivity and Collaboration: Blue
Yonder Cognitive Demand Planning optimizes the process for
forecasting of both new products and transitioning products, as
well as provides collaboration across marketing, sales, and
operations teams. This allows organizations to offer an enhanced
experience for their customers, streamlined inventory management,
reduced supply chain costs, and greater control over demand
planning processes.
- Deliver Greater Efficiency from Yard Operations: New
ML-integrated, vision-based yard analysis automates and centralizes
yard management for increased throughput and decreased costs.
- Being featured in 35 key technology industry analyst reports
in Q2 2024 from ABI Research, ARC Advisory Group, Forrester
Research, Gartner, IDC, Nucleus Research, and Ventana Research,
building on its industry leadership momentum (see full list
below).
Industry Insights
Heading into the second half of the year, Blue Yonder shares
insights shaped by its industry expertise that are top of mind for
customers and partners:
- The cumulative effect of inflation over the past several years
has led to fundamental changes in consumer buying behavior, with
many national consumer packaged goods (CPG) brands facing higher
pricing pressure from a steady growth in store brands.
- Supply and demand are out of balance again, due in part to
constraints throughout the manufacturing industry. There is a
renewed focus on efficiency and cost control across supply chain
operations.
- Recent supply disruptions (e.g., the Baltimore port bridge and
the earthquakes in Taiwan) highlighted the importance of supply
chain resilience across global value chains, starting with the need
for visibility and collaboration across multiple tiers of
supply.
- Nearshoring and onshoring, catalyzed by current geopolitical
events, are driving a resurgence in factory floor planning and
scheduling across Automotive, Industrial and High-Tech
industries.
- Labor continues to be the highest priority for logistics
service providers (LSPs), many of which are struggling with rising
labor costs, shortage of workers and high turnover. While robotics
will continue to be an area of investment, LSPs need to also look
at the automation of decisioning and supply chain visibility as a
path to use resources in high-value activities to improve and
expand service offerings.
- Retailers are expecting superior service levels, with
heightened efficiencies and increased innovation offerings that
include AI. As a result, LSPs need to look for efficiencies to
transform their business. This includes improving utilizing of
existing assets in transportation modes and offering more
sustainability choices to pick, pack and ship.
Building Strong Momentum in Q3
Blue Yonder’s acquisition of One Network Enterprises (One
Network) closed on Aug. 1, showcasing the company’s strong momentum
heading into Q3. The acquisition gives Blue Yonder customers the
ability to collaborate and share data – from inventory levels to
raw and finished goods materials movement – in real time across all
trading partners up and down the supply chain. With the addition of
One Network’s commercial technology, Blue Yonder can now offer
customers a multi-enterprise, multi-tier network ecosystem;
artificial intelligence (AI)-powered supply chain assistants to
identify, monitor, analyze, and resolve problems; and a simplified
process to onboard and work with trading partners. This is the
third company Blue Yonder has acquired since Q4 2023, marking
approximately $1 billion in M&A investments and is emblematic
of Blue Yonder’s intent to transform the global supply chain. Learn
more in the announcement here.
“There is a growing fascination with generative AI among senior
executives,” said Duncan Angove, CEO, Blue Yonder. “There’s now a
widespread hunger for initiatives that drive productivity across
customer experience and supply chain operations to help supplement
the talent and labor shortage. With our recent acquisition of One
Network and our continuous investment into AI, Blue Yonder is
poised to help companies succeed in these endeavors. The addition
of One Network’s commercial technology brings AI-powered supply
chain assistants that can help customers identify, monitor,
analyze, and resolve problems. These value-adds help customers make
more accurate cross-functional decisions, eliminate the time gap
between order planning and fulfillment, and better meet their
business and sustainability goals.”
Customer Highlights:
Learn how Blue Yonder’s customers are persisting during times of
disruption to digitally transform their supply chains and reimagine
the consumer experience:
- Fearless Females of Supply Chain: Penske Logistics (video)
- Supply Chain Digital Disruptors: RaceTrac (video)
- Visionaries in Tech Took Center Stage at ICON
- Dole Food & Beverage Group Transforms Its Supply Chain
Planning and Visibility
- Rhenus in Poland Optimizes Its Warehouses for Flexible
Management and Omni-Channel Success
More From Blue Yonder:
- Blue Yonder was named the 2024 Retail & Consumer Goods Data
Cloud Product Partner of the Year Award winner by Snowflake, the AI
Data Cloud company, during the annual Snowflake Summit. Blue Yonder
was recognized for its achievements as part of the Snowflake AI
Data Cloud, helping joint customers unify data across internal and
external sources and deliver scalability to power the simultaneous
execution of hundreds of supply chain scenarios. The partnership
allows Blue Yonder to integrate Snowflake’s data capabilities into
its Blue Yonder Platform, Powered by Snowflake.
- Blue Yonder was named finalist for both the Global Retail &
Consumer Goods and Global Mobility 2024 Microsoft Partner of the
Year Awards. The company was honored among a global field of top
Microsoft partners for demonstrating excellence in innovation and
implementation of customer solutions based on Microsoft
technology.
- Other awards and recognitions achieved in Q2 2024:
- 2024 Sainsbury’s TECH Supplier Award Winner
- Finalist for The SaaS Awards in the "Best SaaS Product for
Supply Chain or Warehouse Management" category for Blue Yonder
Warehouse Execution System
- 2024 “Top Food Chain Technology” by Food Shippers of
America
- Listed on the annual Inbound Logistics Top 100 Logistics IT
Providers
- 2024 "Master of App Dev" winner by Hakkōda
- Technology industry analyst recognitions in Q2 2024:
- ABI Research, Blue Yonder Enters into Binding Acquisition
Agreement with One Network Enterprises: Move Creates Speculation
about Company’s Long-Term Strategy
- ARC Advisory Group, Blue Yonder Shakes Up the Supply Chain
Software Market
- Forrester, Collaborative Supply Networks Landscape, Q2
2024
- Forrester, Leverage Predictive and Generative AI For Supply
Chain Improvement and Resilience
- Forrester, Tackle Your Supply Chain Modernization Challenges
with Forrester’s Scenario Quick Start Cards
- Gartner, Magic Quadrant for Supply Chain Planning
Solutions1
- Gartner, Critical Capabilities for Supply Chain Planning
Solutions2
- Gartner, Magic Quadrant for Warehouse Management Systems3
- Gartner, Announced Corporate Transaction Notification: Blue
Yonder, Magic Quadrant for Transportation Management Systems
- Gartner, Announced Corporate Transaction Notification: One
Network Enterprises, Magic Quadrant for Transportation Management
Systems
- Gartner, Market Guide for Retail Forecasting, Allocation and
Replenishment Solutions
- Gartner, Market Guide for Retail Unified Price, Promotion and
Markdown Optimization Applications — Short Life Cycle
- Gartner, Market Guide for Retail Unified Price, Promotion and
Markdown Optimization Applications — Long Life Cycle
- Gartner, Hype Cycle for Supply Chain Execution Technologies,
2024
- Gartner, Technology Trends Transforming Warehousing — Part 2:
Handling Volatility & Complexity
- Gartner, Technology Trends Transforming Warehousing — Part 3:
Labor Challenges
- Gartner, Market Share: Supply Chain Management Software,
Worldwide, 2023
- Gartner, Market Share: Enterprise Application Software as a
Service, Worldwide, 2023
- Gartner, Market Share: All Software Markets, Worldwide,
2023
- Gartner, Market Share: Enterprise Application Software,
Worldwide, 2023
- Gartner, Tool: Identify Multicarrier Parcel Management Solution
Vendors
- Gartner, Tool: Digital Commerce Technology Vendor Guide,
2024
- Gartner, Tool: Vendor Identification for Retail Forecasting,
Allocation and Replenishment Solutions
- Gartner, Tool: TMS Implementation Partner Finder
- Gartner, Vendor Revenue Profiles, 2023 Update
- IDC, MarketScape: Worldwide Transportation Management Systems
Applications 2024 Vendor Assessment
- IDC, MarketScape: Worldwide Warehouse Management 2024 Vendor
Assessment
- IDC, Worldwide Software Taxonomy, 2024
- IDC, The Shoptalk Bridge for Retail Technology 2024
- IDC, C2G: Asia/Pacific Supply Chain Warehouse and Inventory
Management Applications Market Share, 2023: The Need for Efficiency
in Driving the Market
- Nucleus, TMS Technology Value Matrix 2024
- Nucleus, WFM Technology Value Matrix 2024
- Nucleus, Blue Yonder enters binding agreement to acquire One
Network
- Nucleus, Blue Yonder ICON 2024 updates
- Ventana Research, Blue Yonder is Provider of Merit in Workforce
Management Basics Buyers Guide
Sources:
1Gartner, Magic Quadrant for Supply Chain Planning Solutions,
Pia Orup Lund, Tim Payne, Joe Graham, Caleb Thomson, Jan Snoeckx,
23 April 2024 2Gartner, Gartner, Critical Capabilities for Supply
Chain Planning Solutions, Pia Orup Lund, Tim Payne, Joe Graham,
Caleb Thomson, Jan Snoeckx, 29 April 2024 3Gartner, Magic Quadrant
for Warehouse Management Systems, Simon Tunstall, Dwight Klappich,
Rishabh Narang, Federica Stufano, 2 May 2024
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About Blue Yonder
Blue Yonder is the world leader in digital supply chain
transformation. Retailers, manufacturers and logistics service
providers worldwide rely on Blue Yonder to optimize and accelerate
their supply chain from planning through fulfillment, delivery, and
returns. Blue Yonder’s AI-driven supply chain platform and
multi-enterprise, multi-tier network enable more accurate
forecasting and dynamic management of capacity, inventory and
transport. Blue Yonder helps businesses navigate modern supply
chain complexity and volatility with more resilient, sustainable
supply chains to delight customers, scale profitably, and run
flawlessly. 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
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