The industry is working to fulfil record order books and switch to highly adaptable fuel-efficient models.
Insufficient liquidity and service delivery pressures within the supply chain are just two of the many issues facing businesses within the Aerospace sector.
Demand from airlines for new planes is ever-growing, and manufacturers must now work to fulfil their order books. This is increasing the pressure throughout the supply chain to ensure the timely manufacture and delivery of key components. Delays or issues from suppliers could have a significant knock-on effect on final delivery schedules. As a result, there is a growing requirement on the smaller businesses to provide components at the right time whilst controlling input costs.
This has led to the critical need for suppliers to have clear visibility of their supply chains to ensure that they are able to manage key risk points, and avoid a supply chain malfunction. Without this visibility, it is difficult to determine where delays are arising, and how to mitigate these risks.
For those within the Aerospace sector, KPMG are able to assist in this period of supply chain disruption. We can design effective Supply Chain Risk Management processes and control environments, and develop robust contingency plans. Download our full report below.