Adexa Forms a Joint Venture in China

Los Angeles, California – June 15, 2020 – Adexa, Inc., the leading provider of intelligent AI-powered solutions for supply chain optimization and digitalization, today signed a joint agreement with Qingdao Innovation Institute (QDII) for expansion of its operations in China. “The mission of QDII is to offer the most advanced technologies to Chinese industries and educational institutions. To this end, Adexa was selected for its most advanced technology in supply chain digitalization,” said Dr. Yannong Huang, CEO of QDII. Furthermore: “in light of the Industrial Internet Initiative in the country, there is a large unmet gap for robust and Intelligent supply chain planning solutions, especially in multi-dimensional demand forecasting, advanced planning and scheduling, and seamless integration with collaborating enterprise systems, that would enable companies in China to adopt Global best practices in supply chain optimization and visibility.”

Dr. Cyrus Hadavi, CEO of Adexa, expressed: “Given the growth of China as the second largest economy in the world, supply chain strategy is one of the key and critical issues that Chinese companies need to deal with. Their ability to digitally plan, execute and deliver in almost real-time will define their competitiveness on the world stage.” He added, “Adexa has the latest technology, the scale and know-how to enable the requirements of 21st century supply chains.”