HFS Highlight: Accenture continue to strengthen their Industry X with the acquisition of industrial operations consulting firm Myrtle Consulting

Accenture is constantly deepening its expertise in supply chain and digital manufacturing capabilities by making pivotal acquisitions into Accenture Industry X.  With the acquisition of Myrtle Consulting, Accenture will expand its supply chain apart from the manufacturing capabilities.

Accenture is working to build a future-proof and digital-supply chain by combining its skills with specialist firms

Accenture has invested nearly $1.5 billion globally on 34 acquisitions in its 2020 fiscal year to acquire various digital skills and capabilities globally. Some of the Acquisitions related to manufacturing and supply chain are ESR Labs in Germany, PLM Systems in Italy, Callisto Integration in Canada, Silver in France, Enterprise System Partners in Ireland, with the most recent one being Salt Solutions, Germany. One of the Priority areas of Accenture post covid pandemic being the supply chain.

“Cost, quality, and safety remain a constant and rising challenge for manufacturing and operations leaders. They need to free untapped value across production sites and distribution centers, so they can invest in resilient and responsible operating models for manufacturing and supply chains that are future-proof and digital-enabled. This is what the combined skills of Accenture and Myrtle will help them achieve.”

Nigel Stacey, Global lead Industry X.0

With Myrtle consulting acquisition Accenture will be able to improve its offering related to the transformation of its supply chain offering and client factory operations. Combined with the recent acquisition, Accenture will be also able to convert shop floor information into insights for real-time, which will help in long-term strategic decision-making for their clients.  Myrtle will also help Accenture to transform these areas for clients from initial value assessments and operating model strategies to new business processes and technology solutions.

“Becoming part of Accenture Industry X will allow us to pair our frontline operational expertise with Accenture’s global reach and digital capabilities to bring solutions to clients that will transform their operations from the ground up.”

Edwin Bosso, CEO & founder of Myrtle

Myrtle is also specialized in optimizing clients’ sourcing, production, supply chain operations, and execution. It also has deep expertise across the different fields including change management, leadership development, frontline coaching, etc.

Service providers should work for a more resilient supply chain

Enterprise leaders have been facing a lot of uncertainty with the supply chain in recent times particularly due to COVID 19. The pandemic has forced the organizations to restructure/ remodel their Supply chain Operations.  Thus, supply chains have become more competitive, with a change in the nature of business. COVID-19 showed the vulnerability of global shocks to the supply chain. Accenture has expertise across emerging technologies such as AI, IoT, cloud, and analytics which when combined with the industry knowledge and expertise post-acquisition of firms help with supply chain transformation.

Bottom line: With the disruption in the supply chain due to COVID 19, firms need to realign supply chains operations to thrive in this new reality

Accenture has been active with acquisitions to add up in the current offerings for its new and improved supply chain offerings with innovation to support the clients. While the supply chain has been dealing with massive disruption, an intelligent supply chain can solve the current problem. While companies can’t change to intelligent supply overnight, they need to work towards the same making the supply chain customer-centric, smart, and agile.