Oct 19, 2020

Plug supply chain cost leaks with end-to-end visibility

Supply Chain
tracking
HERE Technologies
Sigfox
Scott Birch
2 min
HERE Technologies and Sigfox webinar explains how carriers can plug cost leaks in supply chains with end-to-end visibility from smart tracking technology
HERE Technologies and Sigfox webinar explains how carriers can plug cost leaks in supply chains with end-to-end visibility from smart tracking technolog...

An informative live webinar, hosted by Supply Chain Digital and featuring HERE Technologies and Sigfox, is now available to view on demand.

The webinar, entitled Small carriers, big savings: Plugging the cost leak in your Supply Chain with end-to-end visibiity, explained how carriers of all sizes can make significant cost savings and improve efficiency by using the latest tracker technology developed by Sigfox and HERE Technologies.

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Peter Kueth, Senior Product Marketing Manager at HERE Technologies, and Andrea Muller, Lead Product Manager - IoT Data at Sigfox, explained how the Atlas Wifi trackers work, the benefits of this solution over GPS, and provided real world case studies from DHL and PSA Groupe.

Muller explained how the misplacement of returnable industrial packaging (RIPs) like trolleys, containers, pallets and roll cages causes these cost leaks, with up to 10% of them being lost or stolen each year, resulting in expenses, delays and lower productivity.­­

In one example that Muller shared, a customer had saved €12 million in a year by implementing these trackers. As well as being cost efficient and based on existing infrastructure, battery life on the trackers can be up to seven years.

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Kueth said that as well as the significant direct costs of replacing the returnable packaging, and the knock-on effects of disruption, there is also the potential damage to your business reputation.

The free webinar is now available to view on demand. Discover how real-time insight and end-to-end visibility can improve efficiency in your supply chain.

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May 4, 2021

IHS Markit/CIPS: UK Manufacturing PMI near-record high

Supplychain
Manufacturing
IHSMarkit
CIPS
Georgia Wilson
3 min
Manufacturing UK | Smart Manufacturing | Industry Trends | Supply Chain | COVID-19 | IHS Markit | CIPS
Latest IHS Markit/CIPS UK Manufacturing PMI statistics report a near-record high in April, despite the sector continuing to face supply chain disruption...

Riding on the momentum of March 2021 which saw the fastest output growth since late-2020, IHS Markit/CIPS reports a further acceleration in the rate of expansion in the UK manufacturing sector for April 2021.

UK manufacturing trends

For the UK manufacturing sector, growth of output and new orders were both reported by IHS Markit and CIPS as among the best seen over the past seven years, which in turn has led to a strong increase in employment. Despite this, the sector continues to face supply chain delays and input shortages, which resulted in increased purchasing costs and record selling price inflation.

UK Manufacturing IHS Markit/CIPS Purchasing Managers’ Index® (PMI®)

Seasonally adjusted, IHS Markit/CIPS Purchasing Managers’ Index® (PMI®) rose to 60.9 in April, which was an increase compared to March (58.9) and above the estimated 60.7 for April. 

Increasing for the eleventh consecutive month, the latest readings are the highest since July 1994 (61.0). The output growth for April has been attributed to the loosening of lockdown restrictions, improving demands and a rise in backlogged work.

“The manufacturing sector was flooded with optimism in April as the PMI rose to its highest level since July 1994, bolstered by strong levels of new orders and the end of lockdown restrictions opened the gates to business. It was primarily the home market that fuelled this upsurge in activity though more work from the US, Europe and China demonstrated there were also improvements in the global economy. This boom largely benefited corporates as output growth at small-scale producers continued to lag behind,” said Duncan Brock, Group Director at the Chartered Institute of Procurement & Supply.

In addition to expanding production, total new orders rose for its third consecutive month, which was attributed to a revival of domestic market conditions, stronger client confidence, parts of the economy reopening and improving global market conditions.

While new exports rose in April, the rate was reported as weaker in comparison to new orders. “Companies reported improved new work intakes from several trading partners, including mainland Europe, the US, China and South-East Asia. Large-sized manufacturers saw a substantial expansion in new export order intakes, compared to only a marginal rise at small-sized firms,” said IHS Markit/CIPS.

UK Manufacturing’s outlook

Remaining positive at the start of the second quarter, 66% of companies forecast that output will be higher in a year's time, which is attributed to expectations for less disruption related to COVID-19 and Brexit, economic recovery, improved client confidence and new product launches.

“Further loosening of COVID-19 restrictions at home and abroad led to another marked growth spurt at UK factories. The headline PMI rose to a near 27-year high, as output and new orders expanded at increased rates. The outlook for the sector is also increasingly positive, with two-thirds of manufacturers expecting output to be higher in one year’s time. Export growth remains relatively subdued, however, as small manufacturers struggle to export,” said Rob Dobson, Director at IHS Markit.

Adding to comments from IHS Markit and CIPS, Sarah Banks, Managing Director of Freight and Logistics at Accenture Global said: “While today’s figures are positive overall, the worsening supply situation is still a concern, with rates of both input costs and selling price inflation running far above anything previously seen. Shipping delays and material shortages are driving huge backlogs of uncompleted work and the surge in manufacturing orders is leading to many firms struggling to boost operating capacity to keep up with demand. With business expectations becoming even more optimistic as the economy rebounds, the big question will be whether firms will be able to cope with the surging inflows of new orders.

“As ongoing supply chain issues are still at large, companies with wide international footprints should look to reassess their logistics strategies by running supply chain stress tests and simulations in order to respond quickly to upswings and variability in demand. A flexible and resilient supply chain will be a key way for businesses to remain both competitive and stable as we emerge from the pandemic” 

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