For the last quarter — in April, May and June 2024 — we’ve got news highlights that range from manufacturing forecasts outpacing the overall economy this year, to workforce wellbeing, and the importance of supply chain resilience as geographic disruptions continue globally. Did someone say ‘space warehouses’?
Uncover supply chain strategies to combat overstocking. Prevent excess inventory, obsolescence risks, and wasted capital with these approaches …
— Acorn IC (@Acorn_IC) April 5, 2024
⇢ https://t.co/4vVMidxDTB pic.twitter.com/BvHw420DTs
Encouraging take-away from the latest Make UK Manufacturing Outlook Survey: Order books are on the rise again, with manufacturers expecting growth in Q2 due to pent-up demand. pic.twitter.com/IKk1GGIpGn
— Acorn IC (@Acorn_IC) April 15, 2024
The staggering productivity difference between high and low performers in the UK compared to French, German and US counterparts.
— Acorn IC (@Acorn_IC) April 19, 2024
Manufacturers can upgrade their supply chain as part of addressing this multifaceted problem. pic.twitter.com/Q6uhK9PeSq
The importance of supply chain resilience = the Red Sea crisis and how UK companies are responding (with more focus on sourcing strategy).
— Acorn IC (@Acorn_IC) April 22, 2024
⇢ https://t.co/QCoRajphtW pic.twitter.com/QjIalEtNkF
A significant proportion — 85% — of companies report higher operational costs due to the threat of supply chain disruptions, according to the Business Continuity Institute.
— Acorn IC (@Acorn_IC) April 26, 2024
It has never been a better time to invest in your supply chain services. #b2b #logistics #scm
Re-evaluating supplier relationships in one of the top priority actions for companies wishing to protect against uncertainty in the manufacturing sector.
— Acorn IC (@Acorn_IC) May 3, 2024
We have a trusted playbook and network to upgrade your procurement and components supply. pic.twitter.com/ND6RxuwWsH
Forging new relationships and enhancing our global network, with a visit to Australian Manufacturing Week.
— Acorn IC (@Acorn_IC) May 8, 2024
⇢ https://t.co/Sc3Fac1brI pic.twitter.com/advORD79V3
Within the next 5 years, 85% of businesses aim to level up with inventory management and supply network optimisation tools which use advanced algorithms.
— Acorn IC (@Acorn_IC) May 10, 2024
(Source: MHI annual survey 2024)#logisticstrends #supplychain pic.twitter.com/elqaskgd1u
How to keep ahead as a modern high-performing supply chain. Discover 53 essential industry facts and trends that are transforming manufacturing logistics and supply chains ⇢ https://t.co/Hf1G7QWy1I pic.twitter.com/o5Cv0Pj1CU
— Acorn IC (@Acorn_IC) May 15, 2024
A call from UK manufacturing body MAKE UK, for a modern UK industrial policy to increase manufacturing GDP from 10 to 15% (adding another £150Bn of economic output).
— Acorn IC (@Acorn_IC) February 28, 2024
Read ⇢ https://t.co/PsS9mvKcdL
53 essential industry statistics and trends impacting modern manufacturing logistics and supply chain.
— Acorn IC (@Acorn_IC) May 20, 2024
⇢ https://t.co/Hf1G7QWy1I pic.twitter.com/CxPs21E3Xr
Reducing our carbon footprint through offsetting and funding climate positive projects = ecologi climate platform. We use this alongside conscious direct workplace actions to add to our sustainability efforts.
— Acorn IC (@Acorn_IC) May 22, 2024
See how we're doing ⇢ https://t.co/RuOKdiwpuZ pic.twitter.com/9XJKZl3BWK
More great feedback from clients regarding our sourcing and procurement.
— Acorn IC (@Acorn_IC) March 11, 2024
"Great communication, reliability and helpfulness."
"Quick reply, order always on point." pic.twitter.com/TIxiuvXnlB
Manufacturing PMI, a key economic indicator, is at a 25-month high, signalling stronger client demand, and emerging signs of recovery in exports & inventory purchases#ukmfg #gbmfg #pmi pic.twitter.com/Ytq3nTmWGr
— Acorn IC (@Acorn_IC) May 24, 2024
Business manifestos for the next UK Government & #GE2024 from CBI, IoD, Make UK & more want the focus on:
— Acorn IC (@Acorn_IC) May 29, 2024
➀ formal industrial strategy
➁ better trade ties
➂ tackle skills gap
➃ boost investment
➄ promote SME growth
Article ⇢ https://t.co/HNirfiylyT#ukmfg #scm pic.twitter.com/XexY2sgScY
Space warehouse?
— Acorn IC (@Acorn_IC) May 31, 2024
Inversion Space are testing the idea for the US Military this October, launching a 'Ray' test storage capsule using SpaceX.
Currently, we only do Earth.
(via @interestingengineering) pic.twitter.com/5iwDnNetGw
Positive steps in UK Manufacturing Outlook continue …
— Acorn IC (@Acorn_IC) June 5, 2024
– Manufacturing PMI at 51.2 (a 22-month best).
– Growth in orders hits 2-year high.
– Delivery times lengthen for 5th month running due to ongoing crisis in the Red Sea.#ukmfg #supplychain #gbmfg pic.twitter.com/yNQYtL6md6
New article and workforce wellbeing report info:
— Acorn IC (@Acorn_IC) June 10, 2024
"Manufacturers have largely increased their level of health and wellbeing investment (48.6%) or kept it at the same level (45.7%) in spite of difficult economic conditions."
More at ⇢ https://t.co/4xtCGB1ZNX pic.twitter.com/03DSanpgSe
Problem: 94% of supply chain respondents say they encounter paperwork delays (according to Reuters 'State of global cross-border e-commerce report 2023/24').
— Acorn IC (@Acorn_IC) June 13, 2024
Solution: Work with a master supplier and procurement logistics expert.#b2b #logistics
Manufacturing is forecast to outpace the overall economy in 2024 (Q2 2024 manufacturing outlook: Make UK/BDO).
— Acorn IC (@Acorn_IC) June 17, 2024
Output/exports are picking up strongly, but skills shortages are putting a limiter on growth = supply chain outsourcing can help.
Report ⇢ https://t.co/dyYfDiUJ0a pic.twitter.com/uhaPyYQb2Q
Want to delve into a goldmine of useful data on manufacturing output, jobs and producer confidence?
— Acorn IC (@Acorn_IC) June 19, 2024
Head to this resource: House of Commons Research Briefing on Manufacturing ⇢ https://t.co/ZKwPxf5LNw,)%20and%208.1%25%20of%20employment. pic.twitter.com/fBrOFtJkZ8
Manufacturing output has surpassed services sector growth in the UK for the first time in 2 years, according to the Lloyds Bank UK Sector Tracker.
— Acorn IC (@Acorn_IC) June 21, 2024
Industrial goods saw growth in demand and output.
Do you have an agile supply chain to take advantage?
⇢ https://t.co/7VxHc6cSlW
Great wide ranging article on the challenges and opportunities in smart manufacturing
— Acorn IC (@Acorn_IC) June 26, 2024
⇢ https://t.co/2D4dmzReQr#ukmfg #scm pic.twitter.com/ed9qdZYPUz
