From cyber-security to supply chain KPIs and strategies for the smart factory: take a look at what caught our eye in July, August and September of 2024.
The upturn for UK Manufacturing continues at the end of Q2:
— Acorn IC (@Acorn_IC) July 4, 2024
— Manufacturing PMI at 50.9 for June, continues recovery.
— New business rose for the 3rd time in 4 months.
— Leaner stockholding and de-stocking continue, as
manufacturers focus on costs.
[Source: S&P Global]#ukmfg pic.twitter.com/AcYJFVWsKC
A new government today, with new industrial policies incoming. A good time to check out Labour's economic plans including National Wealth Fund.
— Acorn IC (@Acorn_IC) July 5, 2024
Catching our eye: £1.8 billion to upgrade ports & build supply chains across the UK.
⇢ https://t.co/FHsubhLk0E pic.twitter.com/I73qTEw2hT
Discover how kitting and assembly can mitigate supply chain disruptions and enhance resilience in your OEM production line ⇢ https://t.co/wQJGqpGWKG pic.twitter.com/W1x5xUdpXn
— Acorn IC (@Acorn_IC) July 8, 2024
Barcodes now gets scanned over 10 billion x a day.
— Acorn IC (@Acorn_IC) July 10, 2024
The first Universal Product Code (UPC) was scanned on a tenpack of Wrigley's Juicy Fruit gum at a grocery store in Troy, Ohio on June 26, 1974.
Now they are an essential part of warehouse automation.
⇢ https://t.co/nS2ceZHIhY pic.twitter.com/sK7tm119kW
An LSE blog post on what economist's make of Labour's planned economic policies:
— Acorn IC (@Acorn_IC) July 12, 2024
tl;dr —: A significant economic agenda but with a focus on pragmatism, not ideology.
⇢ https://t.co/XiE5dSEBhd pic.twitter.com/bewU4ZjZ1j
Despite the best laid 'digital transformation' plans just 1% of manufacturers within the supply chain have eliminated manual spreadsheets to date, according to WEF (World Economic Forum) research
— Acorn IC (@Acorn_IC) July 15, 2024
Find out more in the report ⇢ https://t.co/oxmH42zA34 pic.twitter.com/NUZJXRde9v
With a new Kearney report advocating manufacturers move from 'economies of scale to economies of skill', read how freeing up your production line with outsourced kitting and assembly can reduce supply chain disruption.
— Acorn IC (@Acorn_IC) July 17, 2024
⇢ https://t.co/wQJGqpGWKG
A deep dive into the economic plans now shaping the UK business landscape, by the cross-party think tank, Social Market Foundation.
— Acorn IC (@Acorn_IC) July 19, 2024
PDF report ⇢ https://t.co/FkKCftIipe
Visibility. Transparency. Traceability. These aren't just buzzwords — they're the backbone of resilient supply chains, according to 87.4% of industry leaders. Are you leveraging supply chain data fully?
— Acorn IC (@Acorn_IC) July 24, 2024
(CGI Future of Supply Chain survey overview ⇢ https://t.co/DYnKOqkzGJ) pic.twitter.com/7u99Uer0wo
UK Manufacturers expecting growth now at +56%.
— Acorn IC (@Acorn_IC) July 25, 2024
— Manufacturing confidence hits 2-year high, outpacing services.
— UK business optimistic, 44% predict expansion.
— Investment plans up on stronger revenue forecasts.
— UK profit outlook is x2 global average.
[Source: S&P Global] pic.twitter.com/uAAvBHj5ak
"Reorientation towards customer-centric operations is no longer
— Acorn IC (@Acorn_IC) July 31, 2024
optional—it's a strategic imperative for long-term success.
Minimising lead times and meeting consumer demand
is key to maintaining market share."
Source: From Disruption to Opportunity, WEF & Kearney report. pic.twitter.com/FLRsiDW2Ng
86% of manufacturing executives believe smart factory solutions will be primary drivers of competitiveness for the sector. [Source: Deloitte & MAPI study]
— Acorn IC (@Acorn_IC) August 5, 2024
Smart logistics need to go hand-in-hand with these upgrades for holistic benefits. pic.twitter.com/dYQXmdiGPG
Learn about why getting serious about cybersecurity is essential for both OEMs and their supply chain partners.
— Acorn IC (@Acorn_IC) August 12, 2024
Bonus: a simple framework to adopt to make sure your organisation is prepared for malicious attacks.
⇢ https://t.co/CXyLtaEytV pic.twitter.com/riOC8Gkt0F
Top supply chain KPIs according to supply chain leaders:
— Acorn IC (@Acorn_IC) August 14, 2024
Delivery time/cash-to-cash time cycle: 83.9%
Customer satisfaction: 77%
Inventory turnover and velocity: 60.9%
[Source: CGI Future of Supply Chain survey]
⇢ https://t.co/DYnKOqkzGJ pic.twitter.com/iDFL3zh5xZ
According to Gartner, by 2025, 45% of organisations worldwide will experience supply chain software attacks.
— Acorn IC (@Acorn_IC) August 14, 2024
At Acorn, it is something we are crucially aware of and take measures to be the best secure supply chain partner for our clients.
Read more ⇢ https://t.co/CXyLtaEytV pic.twitter.com/YPs9eO3WSi
The UK Manufacturing Sector contributed £217bn in output to the economy last year, supporting 2.6m jobs.
— Acorn IC (@Acorn_IC) August 16, 2024
More of Make UK's annual facts and statistics round-up here: https://t.co/l2rx3UcuWE
81% of leaders believe that logistics transformation is critical.
— Acorn IC (@Acorn_IC) August 23, 2024
Yet only 66% of these projects fully succeed.
This Gartner research has some key takeaways to increase success.
⇢ https://t.co/N1nbqREesU pic.twitter.com/xqzRcD4eFT
Streamlining processes and trained staff with refined workflows are critical to leverage the skills for your manufacturing and logistics output.
— Acorn IC (@Acorn_IC) August 28, 2024
9 out of 10 feel overwhelmed by all the applications they need to use.
Read more about 'gray work' ⇢ https://t.co/SnzCMiMsX2 pic.twitter.com/hoa9SzaJT7
The #1 strategy for customer-value-driven value chains?
— Acorn IC (@Acorn_IC) August 30, 2024
According to the 2024 WEF Report, From Disruption to Opportunity: "Step-change demand planning through end-to-end supply chain collaboration."
⇢ We build bespoke strategies with clients as a trusted supply chain partner pic.twitter.com/h1OT8A9aBH
A staggering 74% of UK IT decision-makers encountered notifications of attacks or vulnerabilities within their supply chain in the last year.
— Acorn IC (@Acorn_IC) September 4, 2024
Our article on how important is cybersecurity and finding the right partners to build supply chain resilience ⇢ https://t.co/CXyLtaEytV
This article on Patagonia highlights how packaging is getting more attention for sustainability, recycling and efficiency (something we work actively with clients on … speak to us to find out how we can help as part of our logistics services)
— Acorn IC (@Acorn_IC) September 9, 2024
More at ⇢ https://t.co/AzFIgVHqQa pic.twitter.com/WNMXDuEGde
Within company logistics, enhanced efficiency, improved employee productivity and quality of decisionmaking are the top 3 areas affected and improved through better technology adoption.
— Acorn IC (@Acorn_IC) September 11, 2024
We work to integrate our logistics tech with clients proactively
⇢ https://t.co/KuJyYK9lCj pic.twitter.com/x1U7abXzZK
Climate change, new technologies, and heightened geopolitical tensions are combining to create uncertain/volatile trading.
— Acorn IC (@Acorn_IC) September 13, 2024
The trend is toward both supply chain diversification and fewer suppliers.
How to square the circle?
Use a master supplier.
⇢ https://t.co/671LoPX88r pic.twitter.com/QLH5y0sxii
Strong domestic UK manufacturing growth continues through Summer:
— Acorn IC (@Acorn_IC) September 18, 2024
— Manufacturing PMI at 52.5 in August, a 26-month high.
— Domestic market drives growth.
— Rate of expansion is substantial.
— Export orders decrease due to shipping, global
conflict.
[Via: S&P Global] #ukmfg pic.twitter.com/i6prgvUNlc
The top trends shaking up the supply chain in 2024 according to ASCM (Association of Supply Chain Management):
— Acorn IC (@Acorn_IC) September 20, 2024
① Digital supply chain
② Big data & analytics
③ Artificial intelligence
More at ⇢ https://t.co/S5XwzVd3k0 pic.twitter.com/h7Mr6dL45j
Only 2/3 of manufacturers think their supply chain is sufficiently resilient to disruption, according to the latest Make UK Manufacturing Outlook special.
— Acorn IC (@Acorn_IC) September 23, 2024
At Acorn we provide services to make you more agile, efficient, and resilient.
More ⇢ https://t.co/SPaRfFSCyd pic.twitter.com/JgjaWdjGk6
National Manufacturing Day is Thursday 26 September. An opportunity to celebrate and showcase modern manufacturing within the UK.
— Acorn IC (@Acorn_IC) September 25, 2024
We're proud to provide logistics and supply chain management services to UK OEM and manufacturing companies.
⇢ https://t.co/jZSNl0fBL6#nmd #ukmfg pic.twitter.com/gZGWwQwa9Q
72% of the manufacturers report using inventory buffering, dual sourcing or supplier diversification in their supply chain strategy.
— Acorn IC (@Acorn_IC) September 27, 2024
At Acorn we specialise in making your supply chain more resilient with our services.
[Source: Make UK Manufacturing Outlook 2024 Q3] pic.twitter.com/vpnbrikKb6
Conventional knee-jerk reactive approaches to supply chain resilience are flawed.
— Acorn IC (@Acorn_IC) September 30, 2024
Stop reacting to crises and start use robust systems and logistics services to create lasting supply chain value.
Article at ⇢ https://t.co/WvsshE5qwp
Or enquire ⇢ https://t.co/IzY5HTL3eW pic.twitter.com/P1oEAK9aY6
