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Supply chain management & planning solutions – 2022 buying trends revealed

CRM, 3PL and Demand Planning top the list of services the UK’s leading supply chain professionals are sourcing in 2022.

The findings have been revealed following the recent Total Supply Chain Summit and are based on delegate requirements at the first of two events to take place in 2022.

Delegates registering to attend were asked which areas they needed to invest in during 2022 and beyond.

CRM, 3PL and Demand Planning top the list of requirements, followed by EDI, Forecasting and Integrated Business Planning.

% of delegates at the Total Supply Chain Summit sourcing certain products & solutions (Top 10):

  • CRM
  • 3PL
  • Demand Planning
  • EDI (Electronic Data Interchange)
  • Forecasting
  • Integrated Business Planning
  • Network Optimisation
  • Operations Management
  • Order Fulfilment
  • Road Haulage Operators

To find out more about the Total Supply Chain Summit, which next takes place on November 7th & 8th, visit https://totalsupplychainsummit.co.uk.

Could AI-generated inventions soon be patented in the UK?

With the rapid advancements in artificial intelligence technology, how are AI-generated inventions recognised when it comes to patents? Innovation funding and Patent Box experts ABGI UK look into where inventions created by AI systems currently stand in regards to intellectual property, and how potential changes will affect UK businesses…

As artificial intelligence becomes increasingly advanced, how is AI-generated innovation considered when it comes to intellectual property?

The issue is more pertinent than ever following the case earlier this year of Thaler v Comptroller General of Patents, Trade Marks and Designs. After Dr Stephem Thaler submitted two patents naming his AI machine “DABUS” as the inventor, the UK Intellectual Property Office withdrew the patents, citing that the machine did not meet the necessary criteria for an inventor. When taken to the UK Court of Appeal, the Court backed the IPO’s decision.

So why does the issue of AI in relation to patents continue to be a point of contention?

IPO Consultation is Launched: Can Artificial Intelligence Hold Ownership of New Patents?

In the conclusion of the case, the Court acknowledged that the law on inventorship continues to change and the Court remains open to further development. The Intellectual Property Office (IPO) subsequently launched a consultation into the issue on the 29th of October, stating  that “Artificial intelligence (AI) is playing an increasing role in both technical innovation and artistic creativity. Patents and copyright must provide the right incentives to AI development and innovation, while continuing to promote human creativity and innovation.” In other words, the government recognises that patent limitations on AI-generated inventions could hinder UK businesses and individuals, and is reviewing their treatment of AI in copyright and patents legislation to seek a balanced solution.

How Long Until the UK Names an AI System as Inventor on a Patent?

Concurrent to the investigation into patent protection for AI-devised inventions, the National AI Strategy was published this September, making the government’s ambition to become a global leader in artificial intelligence clear.

With the government keen to push AI and machine learning across UK industry sectors, the legal framework surrounding intellectual property rights such as patents could need to be adjusted to suit the changing scenario and reflect that the concept of “creations of the mind” may no longer apply exclusively to the inventions of humans.

Countries such as South Africa have recently granted successful patents to artificial intelligence systems; the recent IPO consultation confirms that the UK is determined not to be left behind in the technological race, and therefore changes to the UK Patents Act 1977 may occur sooner rather than later.

How Might This Change Impact Innovative UK Businesses?

One of the main ways in which a change in UK regulation regarding AI-held patents would positively impact UK businesses would be in regards to Patent Box eligibility.

The Patent Box regime was introduced in reaction to the relatively low number of patent applications submitted in the UK annually compared to many other countries, providing an incentive for UK companies to formalise the IP generated from UK-based R&D and commercialise their IP, repatriating the economic benefits back into the UK.

Aiming to increase the level of patenting of UK-developed IP and ensure that new and existing patents are developed in, manufactured and sold from the UK, the UK’s patent box regime is among the most favourable in the world. Profits earned from patents and intellectual property rights under the Patent Box regime benefit from a reduced tax rate of just 10%; with the imminent increase in the standard corporation tax rate in the UK from 19% to 25% in 2023, the tax advantage of Patent Box becomes even more significant.

If the change in legislation regarding AI-generated patents comes into effect, IP-protected AI innovation will also be eligible for Patent Box, creating the potential for huge savings on profits generated from AI-generated inventions.

UK companies should ensure all their intellectual property is structured to take advantage of Patent Box with immediate effect, including investigating AI creations for a potential shift in patent legislation – but what does this involve?

Get Ready For Change and Plan Ahead

  • Make sure you conduct IP reviews at regular intervals. For each element of IP considered for protection, establish a cost/benefit comparison to decide whether or not it’s worth protecting.
  • Review your R&D plans to establish whether any of your products, services or processes could be patented to receive the benefit of the Patent Box regime both now and in the case of a future reform.
  • Educate everyone involved in R&D about the importance of IP protection and the risks related to data leakage.
  • Keep a laboratory notebook recording R&D progress to prove precedence in the case of competing patent cases.
  • Look into Patent Box eligibility even if your patent is pending. Companies with pending patent applications can also qualify retrospectively for the 10% rate once the patent is granted, but the Company has to elect into the Scheme for the accounting period in which profits are generated. If companies are submitting patent applications to the UK IPO and inform the IPO that they are intending using the Patent Box scheme to improve the business benefits of the commercialisation, some patent attorneys believe the IPO will give the application preferential treatment and speed up the patent grant process – so by no means dismiss the idea of Patent Box eligibility until your patent is approved as it could mean missing out on enormous tax reductions.

How Can UK Businesses Elect into the Patent Box Scheme?

The idea behind Patent Box is simple enough, but electing into the scheme can be complex.

Getting advice from a specialist can ensure you’re making the most of the scheme, helping to provide clarity on areas such as the impact of your existing R&D on the calculation of relevant IP income, how to best manage tax benefits when combining R&D tax relief and Patent Box schemes, or on legislative changes and their impact on current or future patent box claims. Receiving guidance here will help identify key areas where new patent applications are needed and provide a clear patent strategy for the business moving forward in regards to areas of potential change such as patents from AI-generated innovation.

Phase Eight looks to ensure ethical supply chain

Fashion brand Phase Eight has partnered with Segura to strengthen its commitment and approach to ethical trade.

Segura’s solution will enable Phase Eight to modernise and improve the quality of its supply chain management, supporting its aim to embed full transparency throughout all tiers in its supply chain.

As part of the TFG London family, Phae Eight is aligned to the Group sustainability strategy which is based on UN Guiding Principles on Business and Human Rights, ETI Base Code and uses the ETI Human Rights Due Diligence Framework to improve the working conditions for the people in its supply chains.

As an established collaborator since 2019, the TFG London Group have partnered with Segura to support the development of the platform, recognising that the first step to enabling a successful ethical trade programme and decent work is transparency.

Segura’s threefold management platform allows Phase Eight to contain all supplier processes within one system that enriches supplier data and tracks updates in real-time, enhances how purchase orders are issued, embedding traceability into the linked trims and labelling requirements, and hosts a compliance suite that enables audits, corrective action plans, policy requirements and communications to be streamlined and automated.

Justin Hampshire, Group Managing Director at TFG Brands (London) Limited said: “As a purpose-led business that aims to put people and the planet first, it is important to us to continue to protect the human rights of those who help make and sell our products and services. We take our responsibilities seriously; when we champion higher standards and practices, we can have a real impact on the lives of millions of people across our value chain.”*

Francesca Mangano, Head of CSR and Sustainability at TFG Brands (London), said: “We understand it’s the nature of supply chains to be continuously evolving, but it’s crucial to us to ensure we partner with suppliers who share our values.  Our aim for 2022 is to focus on continuing to map our supply base beyond our second tier and the Segura platform will allow us to do this.”

Peter Needle, Founder & President at Segura, added: “We were delighted to partner with Phase Eight who share our belief in the importance of building ethical and sustainable businesses. We will continue to support Phase Eight with their evolving corporate sustainability targets.”