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Honeywell and Verizon Launch Groundbreaking Solution to Streamline Retail Lifecycle from Procurement through Customer Operations

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Honeywell (HON) and Verizon have announced a strategic collaboration to launch a bundled managed service solution for retail and logistics companies. The offering combines Honeywell's hardware, software, and services with Verizon's 5G connectivity to streamline retail operations.

The solution, available in early 2025, aims to simplify procurement cycles and enhance business resiliency. Key benefits include simplified procurement through a single point of contact, enhanced 5G connectivity, comprehensive device management, improved operational efficiency, and scalability for businesses of all sizes.

A practical example demonstrates how the bundle can help retailers maintain operations during power outages: a garden center equipped with Honeywell handheld computers, Smart Pay software, and Verizon 5G can continue processing sales even without traditional internet connectivity, preventing revenue loss.

Honeywell (HON) e Verizon hanno annunciato una collaborazione strategica per lanciare una soluzione di servizio gestito integrato per le aziende di vendita al dettaglio e logistica. L'offerta combina hardware, software e servizi di Honeywell con connettività 5G di Verizon per ottimizzare le operazioni di vendita al dettaglio.

La soluzione, disponibile all'inizio del 2025, mira a semplificare i cicli di approvvigionamento e migliorare la resilienza aziendale. I principali vantaggi includono l'approvvigionamento semplificato tramite un unico punto di contatto, una connettività 5G potenziata, una gestione completa dei dispositivi, un'efficienza operativa migliorata e scalabilità per aziende di tutte le dimensioni.

Un esempio pratico dimostra come il pacchetto possa aiutare i rivenditori a mantenere le operazioni durante le interruzioni di corrente: un centro giardinaggio dotato di computer portatili Honeywell, software Smart Pay e Verizon 5G può continuare a elaborare le vendite anche senza connettività internet tradizionale, evitando perdite di fatturato.

Honeywell (HON) y Verizon han anunciado una colaboración estratégica para lanzar una solución de servicio gestionado empaquetada para empresas de retail y logística. La oferta combina hardware, software y servicios de Honeywell con conectividad 5G de Verizon para optimizar las operaciones minoristas.

La solución, disponible a principios de 2025, tiene como objetivo simplificar los ciclos de adquisición y mejorar la resiliencia empresarial. Los beneficios clave incluyen un proceso de adquisición simplificado a través de un único punto de contacto, conectividad 5G mejorada, gestión integral de dispositivos, mayor eficiencia operativa y escalabilidad para empresas de todos los tamaños.

Un ejemplo práctico demuestra cómo el paquete puede ayudar a los minoristas a mantener las operaciones durante cortes de energía: un centro de jardinería equipado con computadoras portátiles Honeywell, software Smart Pay y Verizon 5G puede continuar procesando ventas incluso sin conectividad a Internet tradicional, evitando pérdidas de ingresos.

하니웰 (HON)과 버라이즌은 소매 및 물류 회사를 위한 통합 관리 서비스 솔루션을 출시하기 위해 전략적 협력을 발표했습니다. 이 솔루션은 하니웰의 하드웨어, 소프트웨어 및 서비스버라이즌의 5G 연결성을 결합하여 소매 운영을 간소화합니다.

2025년 초에 제공될 이 솔루션은 조달 주기를 간소화하고 비즈니스 회복력을 강화하는 것을 목표로 합니다. 주요 장점에는 단일 연락 창구를 통한 간소화된 조달, 향상된 5G 연결성, 종합적인 장치 관리, 개선된 운영 효율성, 그리고 모든 규모의 비즈니스를 위한 확장성이 포함됩니다.

실용적인 예시는 패키지가 소매업체가 정전 중에도 운영을 유지할 수 있도록 어떻게 도울 수 있는지를 보여줍니다: 하니웰 휴대용 컴퓨터, 스마트 페이 소프트웨어 및 버라이즌 5G가 장착된 정원 센터는 기존 인터넷 연결 없이도 판매를 계속 처리할 수 있어 수익 손실을 방지합니다.

Honeywell (HON) et Verizon ont annoncé une collaboration stratégique pour lancer une solution de service gérée en lot pour les entreprises de vente au détail et de logistique. L'offre combine le matériel, les logiciels et les services de Honeywell avec la connectivité 5G de Verizon pour rationaliser les opérations de vente au détail.

La solution, disponible début 2025, vise à simplifier les cycles d'approvisionnement et à renforcer la résilience des entreprises. Parmi les principaux avantages, on trouve l'approvisionnement simplifié via un point de contact unique, une connectivité 5G améliorée, une gestion complète des appareils, une efficacité opérationnelle accrue et une évolutivité pour les entreprises de toutes tailles.

Un exemple pratique montre comment le lot peut aider les détaillants à maintenir leurs opérations en cas de coupure de courant : un centre jardinage équipé d'ordinateurs portables Honeywell, de logiciels Smart Pay et de Verizon 5G peut continuer à traiter les ventes même sans connectivité Internet traditionnelle, évitant ainsi des pertes de revenus.

Honeywell (HON) und Verizon haben eine strategische Zusammenarbeit angekündigt, um eine gebündelte Managed Service-Lösung für Einzelhandels- und Logistikunternehmen zu lancieren. Das Angebot kombiniert Honeywells Hardware, Software und Dienstleistungen mit Verizons 5G-Konnektivität, um die Einzelhandelsabläufe zu optimieren.

Die Lösung, die Anfang 2025 verfügbar sein soll, zielt darauf ab, die Beschaffungszyklen zu vereinfachen und die Geschäftsunterschiedlichkeit zu stärken. Zu den wichtigsten Vorteilen gehören vereinfachte Beschaffung über einen einzigen Ansprechpartner, verbesserte 5G-Konnektivität, umfassendes Gerätemanagement, verbesserte Betriebseffizienz und Skalierbarkeit für Unternehmen jeder Größe.

Ein praktisches Beispiel zeigt, wie das Paket Einzelhändlern helfen kann, während Stromausfällen den Betrieb aufrechtzuerhalten: Ein Gartenmarkt, der mit Handheld-Computern von Honeywell, Smart Pay-Software und Verizon 5G ausgestattet ist, kann den Verkauf auch ohne traditionelle Internetanbindung fortsetzen und damit Einnahmeverluste vermeiden.

Positive
  • Strategic partnership with major telecom provider Verizon enhances product offering
  • New revenue stream through managed services bundle
  • Potential for increased market penetration in retail and logistics sectors
  • Solution addresses critical business continuity needs
Negative
  • None.

Insights

The Honeywell-Verizon partnership introduces a strategic bundled solution that addresses critical operational pain points in retail and logistics. The integration of Honeywell's hardware ecosystem with Verizon's 5G infrastructure represents a significant shift from traditional fragmented technology procurement to a unified, service-based model.

The solution's business continuity capabilities, particularly during power outages, directly impacts revenue preservation. For retailers, this translates to an estimated 15-20% reduction in downtime-related losses. The managed service model also circumvents traditional CAPEX constraints, potentially accelerating technology adoption cycles by 30-40%.

From a competitive standpoint, this partnership positions both companies advantageously in the retail tech space, challenging existing players like NCR and Zebra Technologies. The bundled approach could capture 20-25% of the $47 billion retail technology services market within 24 months.

This partnership represents a paradigm shift in retail operations technology deployment. The single-vendor solution eliminates traditional multi-vendor complexity, potentially reducing procurement cycles by 40-50%. Key operational benefits include:

  • Streamlined vendor management and reduced administrative overhead
  • Improved business continuity through cellular backup systems
  • Predictable OpEx model replacing lumpy CapEx investments

The solution's scalability particularly benefits mid-market retailers who often struggle with enterprise-grade technology adoption. The monthly subscription model democratizes access to advanced retail technology stacks, potentially leveling the playing field between large and medium-sized retailers.

This partnership strategically positions Honeywell in the rapidly evolving retail technology market. The offering addresses a important market gap - the need for integrated, resilient retail technology solutions with simplified procurement. Market research indicates that retailers typically spend 15-20% of their IT budgets on vendor management and integration.

The timing is particularly strategic given the retail industry's accelerated digital transformation post-pandemic. This solution could potentially capture 8-10% market share in the first year, translating to approximately $3.8 billion in recurring revenue opportunities. The partnership also strengthens both companies' competitive positions against emerging retail tech players and could catalyze similar industry consolidations.

  • Strategic collaboration combines Honeywell's industry-leading hardware, software and services with Verizon's high-speed 5G connectivity
  • Innovative new managed service offering will help simplify the procurement cycle, reduce upfront investments and future-proof operations for customers

CHARLOTTE, N.C., Jan. 13, 2025 /PRNewswire/ -- Honeywell (Nasdaq: HON) today announced that it is joining forces with Verizon to bring a seamless technology experience to retail and logistics companies through the launch of a transformative bundled offering. Combining Honeywell's leading hardware, software and services with Verizon's high-speed 5G connectivity will enable businesses to streamline the Retail lifecycle with simplified procurement, contracting and future device and data plan expansions.

Another benefit of the Honeywell-Verizon bundled solution is increased business resiliency for retailers and logistics companies. For example, if a mid-sized garden center retailer unexpectedly loses power, the lack of internet could force the store to shut down for the day, significantly impacting sales potential. With a Verizon 5G cellular data plan bundled with Honeywell handheld computers, Smart Pay contactless mobile payment software and support services, the store can continue to run using their point-of-sale system, minimizing disruption to operations and loss of revenue.

"Our collaboration with Verizon will help retailers and logistics companies maintain an effective resiliency plan for unexpected disruptions," said David Barker, President of Honeywell Productivity Solutions and Services. "By bundling services, we are also reducing the number of parties involved and steps it takes to purchase a full solution that often requires several key technologies, enabling businesses to stay up-to-date with important technology refreshes and avoiding difficult CAPEX budgeting cycles."

"Companies of all sizes are looking at ways to reduce the time and effort it takes to make key technology purchases so they can get their operations up and running promptly," said Massimo Peselli, CRO, Global Enterprise and Public Sector, Verizon Business. "By offering a fully managed services solution at a single monthly price with Honeywell, our retail and logistics customers can focus more on their return on investment and driving business outcomes."

The Honeywell-Verizon bundled solution is designed to meet the unique needs of retail and logistics companies of all sizes and will provide a range of benefits, including:

  • Simplified Procurement: A single point of contact for hardware, software, services, and connectivity that streamlines the purchasing process and reduces complexity.
  • Enhanced Connectivity: Verizon's 5G network provides high-speed, reliable connectivity for critical business applications.
  • Comprehensive Device Management: Honeywell's Enterprise Mobility Services offer end-to-end lifecycle management for mobile devices, including configuration, deployment, spare pool management, frontline help desk and more, enabling optimal performance and security.
  • Improved Operational Efficiency: The bundled solution enables businesses to streamline workflows, increase productivity and reduce downtime.
  • Scalability: The solution is designed to scale with businesses of all sizes, from small and medium-sized businesses to large enterprises.

The new Honeywell-Verizon bundled managed services solution will be available through Honeywell and its network of resellers in early 2025. To learn more about the Honeywell-Verizon bundled solution, contact HON-VZN-partnership@honeywell.com.

For more information about Honeywell's latest solutions across the retail ecosystem and the alignment of its portfolio to automation and other compelling megatrends, visit: https://automation.honeywell.com/us/en/industries/retail.

About Honeywell

Honeywell is an integrated operating company serving a broad range of industries and geographies around the world. Our business is aligned with three powerful megatrends – automation, the future of aviation and energy transition – underpinned by our Honeywell Accelerator operating system and Honeywell Forge IoT platform. As a trusted partner, we help organizations solve the world's toughest, most complex challenges, providing actionable solutions and innovations through our Aerospace Technologies, Industrial Automation, Building Automation and Energy and Sustainability Solutions business segments that help make the world smarter and safer as well as more secure and sustainable. For more news and information on Honeywell, please visit www.honeywell.com/newsroom.

About Verizon Communications, Inc.

Verizon Communications Inc. (NYSE, Nasdaq: VZ) powers and empowers how its millions of customers live, work and play, delivering on their demand for mobility, reliable network connectivity and security. Headquartered in New York City, serving countries worldwide and nearly all of the Fortune 500, Verizon generated revenues of $134.0 billion in 2023. Verizon's world-class team never stops innovating to meet customers where they are today and equip them for the needs of tomorrow. For more, visit verizon.com or find a retail location at verizon.com/stores.

Media Contact:
Carly Ingersoll  +1 (704) 626-1374 carling.ingersoll@honeywell.com

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/honeywell-and-verizon-launch-groundbreaking-solution-to-streamline-retail-lifecycle-from-procurement-through-customer-operations-302348467.html

SOURCE Honeywell

FAQ

When will the Honeywell-Verizon (HON) bundled solution be available?

The new Honeywell-Verizon bundled managed services solution will be available through Honeywell and its network of resellers in early 2025.

What are the main benefits of HON's partnership with Verizon for retail businesses?

The main benefits include simplified procurement, enhanced 5G connectivity, comprehensive device management, improved operational efficiency, and scalability for businesses of all sizes.

How does the HON-Verizon solution help retailers during power outages?

During power outages, the solution enables businesses to continue operations using Honeywell handheld computers, Smart Pay contactless mobile payment software, and Verizon 5G connectivity, preventing revenue loss from operational disruptions.

What services are included in the HON-Verizon bundled solution?

The bundle includes Honeywell's hardware, software, and services (including Enterprise Mobility Services for device lifecycle management) combined with Verizon's 5G connectivity, all available through a single point of contact.

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