Today’s aerospace industry suppliers face immense challenges with pressure to design and deliver a flawless end product. Suppliers both large and small face a fiercely competitive, complex industry with zero room for error. Demands on OEMs are growing under shifting consumer expectations, new safety concerns and industry standards – while still on point to achieve faster time-to-market, increased transparency and effective management – all shifting more risks to the business.
With so many moving parts how should OEMs focus their attention and where should they make investments?
Tony Velocci, former Editor in Chief of Aviation Weekly & Space Technology, has brought his 30 years of experience in aerospace and defense to develop a list of the Top 10 Challenges that OEMs face today. He addresses key questions from how to sustain a culture of innovation to how to establish a pipeline for a well-trained workforce. Velocci also explores innovative technologies such as the digital twin, the 3DEXPERIENCE platform additive manufacturing and IIoT, and how these technologies can be used for competitive advantage. Understanding where to remain agile and where to adapt operations during the digital transformation journey can make all the difference between success and failure for OEM’s and suppliers.
There are no strategies for growing a business in the long term that are not driven by innovation.