Supply chain solutions provider, Blue Yonder, has announced the signing of an agreement to acquire Doddle, a first and last mile technology business.
Financial terms of the deal were not disclosed.
“Doddle has achieved what so few other companies have been able to accomplish: it has cracked the code of first and last mile together with omnichannel returns,” says Duncan Angove, CEO, Blue Yonder.
“The beauty of its solution is that they solve the returns problem end-to-end. From returns initiation, to returns rules, from in-store returns processing to self-service kiosks, right through to warehouse returns handling and back into stock.”
“The proliferation of e-commerce – and, therefore, returns – has placed increased pressure on carriers, muddied the waters of inventory management, and created frustrations for shoppers. Doddle’s capabilities unlock a differentiated, superior customer experience and will help us to further our mission to transform the supply chain.”
@BlueYonder announces intent to acquire @Doddle. Read more: https://t.co/s2Ee0g7psb #BYICON2023 pic.twitter.com/CcGzNBYVZ1
— Blue Yonder (@BlueYonder) October 12, 2023
“Today over 900 retailers and logistics providers worldwide work with us to help manage the growing challenges in the first and last mile,” says Tim Robinson, founder and CEO, Doddle.
“We knew, however, that in order to find the perfect solution to meet these challenges we needed to integrate our offerings with a strong supply chain planning, orchestration and execution solutions provider.
“Blue Yonder’s scale and deep expertise is the perfect alliance, and we’re looking forward to helping more businesses tackle these challenges – together.”
The acquisition agreement was signed on 9th October and the transaction is expected to close in Q4 2023.
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