FarEye & Blue Yonder to jointly tap a $1000 billion market

June 30, 2020: The predictive logistics SaaS platform FarEye has announced a partnership with the digital fulfilment platform provider Blue Yonder (formerly JDA Software) to integrate the expertise of both companies and tap the $1000 billion global logistics inefficiencies market.

The joint capabilities of both organizations are expected to bring predictive and real-time visibility to supply chains across manufacturing, retail distribution, logistics, and e-commerce.

Kushal Nahata, CEO, FarEye, said “Globally, approximately 30 percent of the spend on logistics is to tackle inefficiencies, creating an opportunity to save $1000 billion. Together, FarEye and Blue Yonder aim to capture this market with their joint offering, which will eliminate the visibility ‘black box’ in delivery logistics and provide an exceptional customer experience in the last mile.”

Recently, DHL Supply Chain has collaborated with Microsoft and Blue Yonder to launch a new “plug & play” robotics platform.

The joint solution can be accessed through Blue Yonder’s Luminate Platform. Powered by Microsoft Azure, the Luminate Platform combines rich internal and external data from across a customer’s digital supply chain assets to allow for smarter, more actionable artificial intelligence (AI) and machine learning (ML)-based business decisions.

FarEye’s visibility platform, carrier library, and last-mile dynamic routing solution underpin Blue Yonder’s Luminate Platform and transportation management capabilities to provide solutions for end-to-end logistics challenges. Together the solution will help companies by enabling exceptional delivery experiences and efficient movement of goods for both B2C and B2B segments.