UK manufacturing sees modest growth while input prices drop
According to a survey of buyers, UK manufacturing has seen a modest improvement for the start of 2016. The PMI index climbed to 52.9 in January, the highest level in three months.
As production increased, manufacturers’ purchasing costs continued to fall thanks to ongoing weaknesses in global commodity prices. The report noted that the increase in production was partly achieved through reducing backlogs of work as purchasers reduce stock levels and move towards leaner purchasing practices.
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DHL announces strategic partnership with Compass Group
DHL Supply Chain has signed a ground-breaking new strategic partnership with Compass Group to super-charge its food service offering and add a kink to the market.
The company will deliver its end-to-end supply chain solutions, as well as deploy expertise to oversee product flows and waste management. Compass Group will leverage its strong network of supplier relationships and together, the partnership will offer customers a much greater variety of choice in ingredients.
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The industrial IoT: Manufacturing and supply chain visibility, but better
The supply chain has long been a ground for the early adoption of technologies such as barcoding and wearable devices during the last decade. Thanks to the miniaturisation of technologies and the lowering costs of computing power, supply chains of the manufacturing industry are entering their own new phase of technology evolution.
Linear supply chains are now becoming obsolete as the Internet of Things (IoT) expands, enabling a network which is connected, intelligent and scalable. Over a third of businesses are already estimated to be developing connected devices, with the majority believing that IoT will improve their supply chain in the next three years.
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