Jun 1, 2020

Accenture acquires Callisto Integration to boost digital manufacturing capabilities

Jack Grimshaw
2 min
Callisto Integration, a digital manufacturing business providing services to industries ranging from food and beverage to chemicals and utilities, has b...

Callisto Integration, a digital manufacturing business providing services to industries ranging from food and beverage to chemicals and utilities, has been acquired by Accenture.

Accenture has made the acquisition as it looks to expand its capabilities in North America, ensuring the production of orders is on time, increasing its yield and enhancing the quality of its products. More technology and manufacturing expertise will be added to the Accenture Industry X.0 industry unit as a result of the acquisition.

Callisto’s main expertise include the design and implementation of manufacturing execution systems, industrial internet of things systems, and shop-floor control systems. MeasureTek, a subsidiary of Callisto Integration, is also included in the acquisition. This business utilises IoT technology to deliver precision farming services like dynamic field monitoring and irrigation information.

Castillo’s technology ensures that workers, equipment and materials are always ready for use when they are required. The solutions also provide real-time data, which helps companies address quality issues in their production lines, and also gives the ability to predict potential failures within machinery.

This is the third digital manufacturing acquisition Accenture has made in recent times, with two previous purchases in 2019. The company acquired Silveo, in France, and Enterprise System Partners, in Ireland, both last year.

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The Industry X.0 branch of Accenture, which all of Callisto’s existing employees will be joining, works with digital technologies such as AI, IoT, and data analytics to improve the production lines of companies around the world. 

Jimmy Etheredge, CEO, North America at Accenture said: “Our clients, who include the leaders in virtually every industry, are under tremendous pressure to harness the power of disruption for competitive advantage. Our acquisition of Callisto shows how we continue to scale our digital manufacturing capabilities to help our clients innovate and succeed in an environment of accelerating digitization.”

Castillo’s chief innovation officer, Mike Grasley, said: “Becoming part of Accenture Industry X.0 and Accenture’s global organization is an incredible opportunity. It allows us to bring our digital manufacturing solutions to more clients at a scale that hasn’t been possible before and presents new opportunities to our people.”

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Jun 8, 2021

IMF: Variants Can Still Hurt Manufacturing Recovery

IMF
Manufacturing
COVID19
Musk
Elise Leise
3 min
The International Monetary Fund (IMF) claims that while markets are rising and manufacturing is coming back, it’ll push for global immunisation

After a year of on-and-off manufacturing in the US, UK, and the eurozone, demand for goods surged early last week. Factories set growth records in April and May, suppliers started to recover, and US crude hit its highest price point since pre-COVID. As vaccination efforts immunise much of the US and UK populations, manufacturers are now able to fully ramp up their supply chains. In fact, GDP growth could approach double-digits by 2022

Now, the ISM productivity measure has surpassed the 50-point mark that separates industry expansion from contraction. Since U.S. president Biden passed his US$1.9tn stimulus package and the UK purchasing managers index (PMI) increased to 65.6, both sides of the Atlantic are facing a much-welcomed manufacturing recovery. 

Lingering Concerns Over COVID

Even as Spain, France, Italy, and Germany race to catch up, and mining companies pushed the FTSE 100 index of list shares to a monthly high of 7,129, some say that UK and US markets still suffer from a lack of confidence in raw material supplies. Yes, the Dow Jones has made up its 19,173-point crash of March 2020, and MSCI’s global stock index is at an all-time high. 

Yet manufacturers around the world realise that these wins will be short-lived until pandemic supply chain bottlenecks are solved. If we keep the status quo, consumers will pay the price. In April, inflation in Germany reached 2.4%, and across the EU’s 19 member countries, overall prices have increased at an unusual pace. Some ask: Is this true recovery? 

IMF: Current Boom Could Falter

Even as Elon Musk tweeted about chip shortages forcing Tesla to raise its prices, UK mining demand skyrocketed; housing markets lifted; and the pound sterling gained value. The International Monetary Fund (IMF), however, cautioned that manufacturing recovery won’t last long if COVID mutates into forms our vaccinations can’t touch. Kristalina Georgieva, Washington’s IMF director, noted that fewer than 1% of African citizens have been vaccinated: “Worldwide access to vaccines offers the best hope for stopping the coronavirus pandemic, saving lives, and securing a broad-based economic recovery”. 

Across the globe, manufacturing companies are keeping a watchful eye on new developments in the spread of COVID. Though US FDA officials don’t think we’ll have to “start at square one” with new vaccines, the March 2021 World Economic Outlook states that “high uncertainty” surrounds the projected 6% global growth. Continued manufacturing success will in large part depend on “the path of the pandemic, the effectiveness of policy support, and the evolution of financial conditions”. 

Mathias Cormann, secretary-general of the Organisation for Economic Co-Operation and Development (OECD) concurred—without global immunisation, the estimated economic boom expected by 2025 could go kaput. “We need to...pursue an all-out effort to reach the entire world population”, Australia’s finance minister added. US$50bn to end COVID across the world, they imply, is a small investment to restart our economies.

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