Manufacturing and supply chain logistics news we thought worthy of highlighting, along with Acorn news for the first quarter of 2023, January to March.
Remember to check out our comprehensive list of supply chain and logistics acronyms.
By 2025, over 80% of B2B sales interactions between suppliers and buyers will occur in digital channels (according to @Gartner_inc research).
— Acorn IC (@Acorn_IC) January 2, 2023
Speak to a supply chain partner that gets it. We continue to develop digital supply chain, with new features coming this year.
2023 is predicted to have continued supply chain volatility.
— Acorn IC (@Acorn_IC) January 6, 2023
— Review your stock levels and SKUs: see where you have an oversupply, & where shipment delays may leave you vulnerable … then work with your suppliers/logistics partner to get ahead of these issues.#foresight #scm
"I had a warm feeling when walking about as I could see that you were running a 'tight ship'." — Client on first tour of our supply chain operation as part of a manufacturer audit and performance process. 🔥🔥🔥
— Acorn IC (@Acorn_IC) January 11, 2023
⇢ https://t.co/IzY5HTL3eW#supplychain #performance #scm pic.twitter.com/I7bisNw8xc
McKinsey's 2022 review features insights on sustainability, transport, logistics, and more.
— Acorn IC (@Acorn_IC) January 13, 2023
Packed full of information and trends to be aware of ⇢ https://t.co/OItuUOuBUi pic.twitter.com/xsU4tnTWBu
Three in five (59%) firms say they are still facing supply issues. Storage capacity and near-shoring are main focus to solving these issues. (via https://t.co/uYpQwMzoXI )
— Acorn IC (@Acorn_IC) January 20, 2023
Consultancy is part of our service to offer practical solutions ⇢ https://t.co/IzY5HTL3eW pic.twitter.com/nZYkwqKNyU
Globally the third party logistics (3PL) market is expected to reach more than $1.75 trillion by 2026. A a growth rate every year between 2021-2026 of 8%, as companies are sold on the benefits of using specialist providers.
— Acorn IC (@Acorn_IC) February 1, 2023
Our 3PL services ⇢ https://t.co/VDZsGDWJl2
Want answers to some of the most pressing questions that manufacturing industry professionals may have about supply chain management. Start here ⇢ https://t.co/xZwUg7QUhR
— Acorn IC (@Acorn_IC) February 6, 2023
"Demand for logistics space across England has been underestimated in planning policy for a decade" according to ONS (Office for National Statistics). Forecast future demand is likely to be 29% higher than recent levels.
— Acorn IC (@Acorn_IC) February 8, 2023
Speak to us about locking in more space for your storage. pic.twitter.com/SrPyngMxXl
Even the US President is in on the act: Supply chain resilience is key. Make sure your taking steps with your suppliers to foster it.https://t.co/RozpDcqynK
— Acorn IC (@Acorn_IC) February 10, 2023
Supply chain trends for 2023 according to KPMG ⇢ https://t.co/0pFefEmpFg
— Acorn IC (@Acorn_IC) February 13, 2023
Cyberthreats and sustainable sourcing are part of the agenda.
"Up to four-fifths of a product’s lifetime emissions are determined by decisions made at the design stage" Good article (& we have a product design & assembly service to collaborate with you on this) ⇢ https://t.co/1tf0ysKWb1
— Acorn IC (@Acorn_IC) February 15, 2023
The Global Supply Chain Pressure Index is down to 1.0 at the end of 22, compared to a pandemic high of 4.0 in 2021, but disruption is still expected to continue.
— Acorn IC (@Acorn_IC) February 22, 2023
Keep vigilant.https://t.co/VXTEVxdmWe
At some point, every manufacturing operation will need to evaluate their inventory storage and warehouse design to identify areas for improvement.
— Acorn IC (@Acorn_IC) March 3, 2023
Check our concise guide on what areas to consider. ⇢ https://t.co/zbzUZ8VUtn pic.twitter.com/erfw1pNZMr
UK manufacturing business optimism is rebounding strongly, with 60% of companies expecting increased output within 12 month timescale.
— Acorn IC (@Acorn_IC) March 6, 2023
(Source: CIPS UK #manufacturing #PMI) pic.twitter.com/ptdXU1u8s4
Happy International Women's Day … "Women make up 29% of the #manufacturing workforce, 8% of apprentices and only 18% of company boards." (via @MakeUK_ ).
— Acorn IC (@Acorn_IC) March 8, 2023
We're proud to support #IWD2023 and do our bit increasing those percentages!
⇢ https://t.co/U7pzv36iDU pic.twitter.com/ljt3j3JIxi
OEM tip of the day: To combat the silo mentality of product design and engineering, facilitate discussions and collaboration with key suppliers at the design phase. An outward-looking approach gains expert input = improved company objectives.
— Acorn IC (@Acorn_IC) March 10, 2023
⇢ https://t.co/9Y4Apa5ONP pic.twitter.com/74SBikryaY
An essential acronym list to master the language of manufacturing logistics and supply chain.
— Acorn IC (@Acorn_IC) March 13, 2023
Logistics & Supply Chain Acronyms: An Essential List ⇢ https://t.co/qqQkFrHJ9F
The global industrial vending market is forecast to grow to USD 5.8 billion by 2030, expanding at a CAGR of 9.7%.
— Acorn IC (@Acorn_IC) March 15, 2023
Manufacturers are increasingly waking up to the benefits. Find out more about automating your MRO/PPE supplies with Acorn here ⇢ https://t.co/Fl1F9wNGnz pic.twitter.com/h5QtNEG8E7
If our warehouse was a fashion shoot … artificial worker made with #AIart. We're too busy fulfilling orders to turn our warehouse into a fashion set, but this is a nice idea. #funfriday #AIart #midjourney #mj pic.twitter.com/V5CzPpOjvJ
— Acorn IC (@Acorn_IC) March 17, 2023
You might have heard of the acronym, IIoT, but do you know about ISA-95 or what MES stands for?
— Acorn IC (@Acorn_IC) March 22, 2023
We've just added these to our essential list of manufacturing/supply chain logistics acronyms ⇢ https://t.co/qqQkFrHJ9F
In the drive for responsible and resilient supply chains: "74% of supply chain leaders are increasing their supply chain technology and innovation investments" — this and other gems in the latest 2023 MHI report focussed on the issue (via @poweredbymhi ) ⇢ recommended. pic.twitter.com/pnZf1kEEnY
— Acorn IC (@Acorn_IC) March 24, 2023
3/4s of respondents are working with suppliers on sustainability within their supply chain. (via MHI/Deloitte)
— Acorn IC (@Acorn_IC) March 29, 2023
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We can help and facilitate. ⇢ https://t.co/mPMD55tOOp pic.twitter.com/hCQ88FBSvx
In the new Make UK report on building supply chain resilience, 79% of manufacturers indicate supply chain vulnerabilities are a strategic risk to the business over the next two years.
— Acorn IC (@Acorn_IC) March 31, 2023
Great article summarises findings here: https://t.co/sqUaVdNH3Y pic.twitter.com/Pfi5vA21pA
