Duncan Angove, CEO I Blue Yonder
Blue Yonder is one of the largest supply chain software providers. They are a branch owned by panasonic. Recently they gave the industry analysts an update on their business performance over the past year and their prospect for the following year. Duncan Angove, CEO and Corey Tollefson, the main income official, were the speakers.
Businessman
Mr. Angove characterized Fiscal 2024 as a strong year. “The second half, in particular, was extremely strong.” In the fourth quarter, “We submitted the second biggest bookings of software in company history.” There was a lot “Extremely large deals. “This was promoted, in part, being directed by the sale of point solutions in a set of applications on a common platform. When it happens, the sizes of the deal increase. The size of the deal was almost doubled from year to year.
“The trimester was particularly impressive given, as you know, we were a victim of a ransomware event online.”
Mr. Angove said there was “a great moment that entered this year. The market is voting with us,” not only in terms of common applications on the same platform, but having those applications connected to a network.
Customers, he claimed, also want a single company to answer everything. They do not want Blue Yonder to design and test the software, then submit implementation to a system integrator, and then deliver responsibilities back to Blue Yonder to store and improve the software. Blue Yonder is adding service staff. This will promote “growth in the service business”.
The network of all this is that “we are set again for double -digit growth.” The company now has almost 8,000 employees and is hiring rapidly.
Increasing the product line
From the industry point of view, the automobile was the fastest growing vertical; It increased by 56% year by year. Some of them were driven by relocation to electric vehicles, and some by changing tariff policies. Both are contributing to “a renewal of the automotive supply chain industry”. The production of consumer goods and the vertical food was also “particularly strong”.
Blue Yonder warehouse management system is their best -selling app. For the second year in a row, it grew rapidly. Last year 32% increased over the past year. WMS already had a large installed base. But the last growth at the top of their installed base means that they have near 800 sites live in the cloud, for which Mr. Angove claims is three or four times their closest competitor.
As a public cloud solution, tasks sent to workers and robots can be traced. Two years ago, 2 million tasks were sent to the depot floor. Last year, it grew to 3.5 million. The company believes its Cloud warehouse execution system controls more robots than anyone, but Amazon. In short, Blue Yonder has fully scaled its WMS Cloud business.
While increasing revenue in transport management was not discussed, their Business at the Cloud TMS is increasing. 12 months ago, 10 million monthly shipments occurred at their Cloud TMS. At the end of the year, it was up to 45 million shipments per month.
Buying a network in August has been particularly influential for the TMS product line. Mr. Tollefson claimed. In the last six months, we have not seen a single transport agreement that does not include network ability. This is something that has changed our company’s full DNA. And imagine going forward, when we get some of that network thinking in other aspects of business, whether it is warehouse management or planning of enterprises. “
In 2023, Blue Yonder won Doddle, an application for reverse returns and logistics. The return, emphasized Mr. Tollefson, is an example of an application that must have the network at its core. The new courtyard management solution, CEO added, “is the vision of the computer and the based agent. There is no more guard at the Doku door. Simply reads the license plate and knows where to place it.”
The line of their category management products – which includes space planning and assortment management – also increased rapidly. It grew 25% year by year.
Blue yonder and agent he
Blue Yonder announced that they were working with Snowflake, a company that provided a solution of enterprise data fabric, “to turn access to various data management management” in March 2022. Chatgpt, the generating solution that launched a well -investing enterprise competition in November. That snow partnership, which left some industry analysts at the time, now looks brilliant. It turns out that data fabrics are the necessary foundation on which advanced agent solutions can be built. Mr. Angove explained in this way, “there is the power to have a unified data model with a graph of knowledge and semantic understanding of it.”
Two years ago, Blue Yonder introduced advanced planning applications based on the agent. Initially, this was a beta presentation where the company co-operated solutions with selected clients. It is not surprising, this product line is growing very quickly, though from a small base. This business increased by 5x year by year. The pipeline is described as “big”.
Blue Yonder’s vision for that agent is to use it to support the execution of the supply chain. He should “see events quickly, analyze them at the speed of machinery”, allow autonomic execution – if this is what a client wants – and thus “completely close the loop with execution”.
“We are now at the point where every week we are swallowing a terabyte data in cloud data, and we are running 20 billion machinery forecasts a day,” Mr. Angove. “Back in May last year, that number was 10 billion. So it has doubled in the nine -month space, and it will surely double faster ”in the coming year.
Their progress in him, believes CEO, illustrates the ability of the company “to renew the rhythm”. 44 new patents were given to the company last year, bringing the patent total to about 500.