Partner & Managing Director, Munich
The aerospace industry is experiencing a severe culture shock in the COVID-19 pandemic, after flourishing demand and booming business over the last decades. The reduction in production volumes will cascade from OEMs to the rest of the value chain, taking in all supply chain tiers and service providers. All industry stakeholders will need to adapt their production operations to the new environment, to avoid bleeding unnecessary cash and risking going out of business.
Source: Supply Chain Management 1 / 2020 published for Aviation Forum, November 17 & 18, 2020