B&H Worldwide’s Post

The Aviation Supply Chain Integrity Coalition today released its report recommending specific actions the aerospace industry should take to help prevent future unapproved parts from entering the propulsion supply chain. These actions include: ✔️ Strengthening vendor verification ✔️ Digitizing documents and signatures ✔️ Improving part traceability Many of the coalition companies are already implementing some of the recommendations. Read the full report 🔗 https://lnkd.in/ezMVhADP

In the dynamic realm of aerospace manufacturing, companies are navigating a pivotal moment of innovation alongside the complexities of a diverse supply chain. The aerospace sector, known for its intricate network of suppliers providing essential components, confronts a critical need for improved communication and visibility across this expansive supplier ecosystem. Find out more insights on the challenges and opportunities in the commercial aerospace industry: [Link to the report](https://lnkd.in/gpGpgAvf)

Recent years have brought significant challenges to commercial aerospace, exacerbated by the pandemic's disruptions across airlines, OEMs, suppliers, and MROs. Despite these hurdles, a sense of recovery and opportunity prevails. In this compendium, my colleagues Frank Coleman III and John Moore have curated a list of articles on key industry topics: ✈️ Airlines: Sustaining the rebound in travel demand and its impact on future aircraft needs. 🏭 OEMs: Scaling production amid supply chain constraints and labor shortages. 📦 Suppliers: Meeting demand for critical components amidst ongoing challenges. 🛠️ MROs: Addressing the extended service life of aircraft and its impact on maintenance. This collection offers actionable insights for industry leaders navigating these uncertain times. Explore McKinsey’s perspectives on shaping the future of commercial aerospace: https://lnkd.in/gFTpdTT6 #FIA2024 #McKinseyAtFIA

✈️ ASG Group Secures Largest-Ever Order Book: Live From Farnborough International Airshow ! In a landmark announcement, ASG Group, the global aerospace manufacturing conglomerate headquartered in Manchester, has unveiled its largest-ever group order book, marking a significant milestone in the company's history. The multi-million-pound orders, facilitated through collaborations with major global aerospace OEMs, signify a significant growth for the group in both single aisle and long range platforms. "The announcement of our largest-ever order book underscores the effectiveness of our extensive investment program across all eight of our divisions. Our commitment to advancing our technology, enhancing our manufacturing capabilities, and fostering innovation has driven this record growth" states Group Managing Director, Simon Weston Read the full story here! https://shorturl.at/CuM8n #FIA2024 #FIA24 #FIA #FarnboroughAirshow #FarnboroughInternationalAirshow #AerospaceInnovation #aviationindustry #aerospacetechnology #UKIndustry #aerospaceindustry #aerospaceindustries #aerospacemanufacturing #ASGGroup #aerospaceengineering #advancedmanufacturing #ASGAerospace #advancedengineering #ukmanufacturing #ukengineering #manufacturingindustry #manufacturinguk #engineeringuk #ukmfg

Recently, MAA Chief Executive Andrew Mair hosted an industry update session which covered current trends in global #aviation and #aerospace, government support, and how this election year may impact the competitiveness of the industry. Some of the key headlines were… ✈️ The active commercial airline fleet is now around 30k globally. Airlines are actively pushing for more aircraft to boost their profitability and order books hit a peak of over 12 years at the end of 2023. During the session we covered the aircraft programme breakdowns, what is driving performance, the key challenges and future predictions. ✈️ The recovery of the aviation market has generated big increases in aftermarket work at the major engine makers which is good news for suppliers involved with MRO activity. During the session we highlighted the top challenges and opportunities in this area. ✈️ This year is set to be a big one for Farnborough Airshow and it’s not to be missed if you’re operating in the aerospace industry. We shared the latest news from the leading companies in the Midlands, insights into reorganisation activity and how opportunities are being created for suppliers. Plus, there were many more insights around the big engine makers; the supply chain; opportunities in sectors that are complementary to aerospace like #defence, #space and advanced air mobility; the importance of picking up the pace on sustainable technologies; and the need for greater government support for industrial strategy and innovation. We were delighted to receive so many comments after the session about how useful and informative members found it, with calls for more frequent online events like these. So, we will be holding another in July that will again be free for all members. We will announce the details soon. To find out about membership and all the great benefits, visit: https://lnkd.in/dxp_2sxp #aerospaceindustry #aerospaceindustries #aerospacemanufacturing #aerospaceengineering #advancedmanufacturing #advancedengineering #ukmanufacturing #ukengineering #manufacturingindustry #manufacturinguk #ukmfg

🚀Spotlight on the Aerospace Growth Partnership (AGP) 🌐✈️ This dynamic collaboration between the UK government, industry, and key stakeholders is on a mission to secure the future of the aerospace industry, generating high-value jobs in the UK. The AGP's strategy focuses on enhancing the UK aerospace supply chain's global leadership in manufacturing, tackling barriers to growth, market competitiveness, and exports. As we see supply chain issues escalate worldwide, the AGP is aiming to maintain manufacturing capability, address competitiveness challenges, and foster growth for the entire UK aerospace industry. Their approach? Fostering collaboration among aerospace manufacturers of all sizes and joint efforts in developing new manufacturing technologies and processes, leveraging lessons learned from previous initiatives. The future of UK aerospace manufacturing is bright, with partnerships like the AGP paving the way for innovation, collaboration, and strategic growth. Exciting news for the industry's global competitiveness and capabilities! 🌍🚀 #Aerospace #ManufacturingInnovation #Collaboration

Delta Air Lines CEO highlights the significant impacts of supply chain issues on the aviation industry. Watch the insightful discussion here: https://lnkd.in/d-JQr_a7 Supply chain challenges in aviation include component shortages, logistics disruptions, supplier reliability issues, regulatory changes, and global events. To mitigate these issues, companies focus on diversifying suppliers, maintaining buffer stocks, enhancing visibility, and investing in technology. Collaborative efforts with industry partners are key in addressing supply chain challenges effectively.

ROLLS-ROYCE BOSS WARNS OF PROLONGED SUPPLY CHAIN STRAINS 5 Key Takeaways 1. Rolls-Royce CEO Tufan Erginbilgic warns that aerospace supply chain issues could persist for another 18 to 24 months, impacting manufacturers significantly. 2. The industry is grappling with shortages of skilled labor and parts, despite strong demand for air travel and new aircraft from airlines. 3. Both Airbus and Boeing are experiencing supply chain constraints, with Airbus cutting its annual profit outlook and delaying production targets due to engine shortages. 4. GE Aerospace reported a 29% drop in Leap engine deliveries in Q2 2023 due to material shortages, despite raising its profit outlook for the year. 5. Air India CEO Campbell Wilson expects supply chain challenges to last a couple of years, while Airbus and suppliers like Pratt & Whitney and CFM are investing to improve supply chains. #supplychain #tradefinance #aerospace #manufacturing

The aviation industry is seeing advances that could disrupt familiar supply chain patterns. Join us as experts from Cornerstone Consulting Organization unravel the complexities of supply chain management in aerospace manufacturing. Register today at: #supplychain #aviation #cornerstoneconsulting #defenseandmunitionsmag #dmmag #defense #manufacturing