UK government unveils plans for £250mn Clean Steel Fund
The UK government has unveiled plans for a £250mn Clean Steel Plan and has called for supporting evidence to assist with development of the plan’s ambitions and applications.
In a press announcement on 29 August, the government said the Clean Steel Fund will support the UK’s steel industry by transitioning to lower carbon iron and steel production, along with maximising the flagging sector’s longevity by building skills and promoting growth.
The government is keen to set the sector on track to meet the net zero emissions stipulated by the UK Climate Change Act, as well as lay the foundations for sustainable steel production going forward.
Its statement added that an additional £100mn Low Carbon Hydrogen Production Fund will be established to enable the development of low carbon hydrogen production, itself a potential pathway to lower carbon steel production.
Fears for the UK’s steel production have mounted in recent years, particularly in May 2019 when British Steel began an insolvency process that has seen the government take control of operations while EY, Special Manager for the process, seeks a buyer.
On 22 August, Business Secretary Andrea Leadsom posted an article stating that Ataer – the largest shareholder of Erdermir, Turkey’s biggest flat steel manufacturer – has been selected as the preferred buyer, signalling stability on the horizon for the 5,000 UK-based British Steel workers.
Leadsom added that Ataer, who has enjoyed demonstrable success with Erdermir, will be focused on ramping up production and investing in clean steel production once its purchase is finalised.
Accenture Acquires SCM Software Firm Blue Horseshoe
Accenture has announced its acquisition of Blue Horseshoe, a US-based supply chain management software provider and consultancy firm.
Upon completion, Blue Horseshoe’s 349 professionals will join Accenture’s Supply Chain & Operations group, expanding the professional services group’s capabilities to create more interconnected and resilient supply chains for clients.
“To be competitive, companies need to transform their supply chains to deliver the innovative and hyper-personalised products, services and experiences that are in high demand—and fulfilment is core to that transformation,” said Renato Scaff, Accenture’s Supply Chain & Operations North America lead. “Blue Horseshoe’s deep fulfilment consulting experience and methodologies support Accenture’s vision for building customer-centric, resilient and responsible supply chains that benefit people, society and the planet.”
Who are Blue Horseshoe?
- Founded: 2001
- CEO: Chris Cason
- Employees: 349
- Offices: 4 in USA, 1 in Amsterdam, 1 in Estonia
- Key customers: Lids, Pabst Brewing Co., Half Price Books, Britax, Major Brands
Founded in 2001 in Indiana, USA, Blue Horseshoe now operates from six offices across the US and Europe. The company provides cloud-based solutions for supply chain management, ERP, warehouse management and transportation management systems, including its own Supply Chain Cloud platform, as well as Oracle NetSuite and Microsoft Dynamics 365 Supply Chain Management as a Microsoft Inner Circle Partner.
Blue Horseshoe specialises in fulfilment and distribution solutions, with expertise in the food and beverage, consumer packaged goods, and retail distribution industries. Over the past 20 years, the company has improved around 700 supply chains, including those of leading companies such as fashion retailer Lids, cosmetics company Regis Corporation, Pabst Brewing Co., and family-owned bookstore chain Half Price Books.
“For two decades, we’ve worked with clients to build connectedness, efficiency and automation across their enterprise and supply chain operations,” said Chris Cason, CEO, Blue Horseshoe. “As part of Accenture, we will bring increased scale and combined expertise to help clients put in place next generation supply chain and fulfillment strategies that meet customer expectations and support business growth.”
Accenture's acquisition of Blue Horseshoe is subject to customary closing conditions.