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In this video tutorial, Ellie demonstrates how to generate a unique customer ID with acronym using a formula in Google Sheets. The formula includes the acronym of the full name, the first three characters of the product name, the last two numbers of the year, and the first three characters of the country, all connected with hyphens. Ellie uses the text join function to combine text from multiple cells with delimiters like hyphens and commas. The formula ensures that empty sources are ignored.