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Reality check: COVID-19 disrupting Asia’s aerospace sector
- Thursday | 10th June, 2021
Reflecting the trend in other industries, the aerospace sector is facing the double-edged disruption of COVID-19. Aerospace and defence industry leaders are facing short term crisis handling while mapping out new ways of operating in the coming months. Put simply, digital transparency will before long become a critical metric for any supplier, and those who are not already investing in digital transformation will soon find themselves left behind. He concluded the interview by sharing some approaches to leverage these opportunities, which are summarised here:Consider the changing needs of the supply chain “It is crucial for those involved directly in the aerospace supply chain to be constantly aware of the changing needs/demands of their customers. The high level of regulation both from the aircraft OEMs and national aviation authorities (NAAs) has traditionally favoured a ‘slow and steady’ development process, with high levels of oversight.
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