Aerospace

The future is here! One day we’ll look back on this period as the beginning of the second golden age of pioneers in flight. Ushering in an age of green aircraft, personal urban transportation, ubiquitous drones and low-cost access to space. The possibilities are almost endless and we are providing the solutions needed for those possibilities to come to fruition.

The commercial aerospace industry continues to grow, having reached new production levels in 2018. Lower oil prices have stimulated air travel, driving projected demand for aftermarket parts and new generation aircraft even higher. Air traffic and the numbers of passengers are expected to double in the next 15 years as the cost of air travel continues to decline.

To keep pace with today’s current build-to-demand model, Aerospace companies face a series of unique challenges that require a significantly greater level of supply chain agility. Only when visibility is combined with deep and secure collaboration throughout the supply chain will the industry achieve the elevated performance necessary to commit with confidence to customers, manage its backlogs, and deliver aircraft on time and on budget.

One of the biggest challenges for the commercial aircraft sector now is to be able to ramp up supply chains to build more planes faster and orchestrate a multitude of components arriving at the same time. The Boeing 747-8, for example, has 6 million individual components, manufactured in almost 30 countries by 550 suppliers. Moreover, commercial aircraft assembly is the ultimate just-in-time business case because of the sheer size of the fuselage, wing, and tail assemblies.

Obviously, the ability to track multi-tier purchase order creation, advanced shipment notifications, and shipments all the way to their assembly plants is critical, since it reduces the continuity of supply risk and helps organizations achieve targeted production rates.

These will require a new wave of trained professionals to help with devising and implementing solutions. Once these challenges are solved, the industry outlook will become even stronger.

• Increased Production
• A Growing Number of New Competitors
• Flexible Business Model
• Minimizing Lifecycle Value

Innovation and new technologies paired with a new look at  the evoliving logistics landscape of today will help bring these long-awaited solutions to companies. Soon, new supply chain models will become the new standard and the aerospace industry will take another leap forward towards meeting supply with the demand.