It’s safe to say that manufacturers in the aerospace and defence industry have weathered lots of storms.
Manufacturers constantly face technological advancements, government regulations, environmental policies, a growing competitive environment, and supply chain challenges.
As a result, it’s been tough for aerospace and defence industry manufacturers to keep up with productivity, efficiency, profit, supply, and demand.
In this blog, we’ll explore some of the major challenges on the horizon for the aerospace and defence industry that manufacturers should consider when planning and improving their future operations and processes.
Implementation of Technology as a Manufacturing Differentiator
To stay on top of the pressures and competitiveness while complying with regulations, manufacturers can implement emerging technologies into their operations.
For example, additive manufacturing, also known as 3D printing, is a transformative approach to industrial production.
Not only does it create stronger parts and systems, but it also provides manufacturers with a lot of flexibility in product design.
It can help manufacturers in the industry improve their production efficiency and create many opportunities for raising revenue.
Establishing a More Collaborative Relationship with Suppliers
In a manufacturing process that relies on many specialized parts and assembly lines, the industry involves many complex relationships between distributors, manufacturers, and suppliers.
Developing a mutually beneficial relationship with suppliers can improve the collaborative process, increase efficiency in the supply chain, and create better customer relationships.
As a result, manufacturers in the industry can enjoy cost reductions, improved supply and demand responses, and better procurement processes.
Hiring and Training a New Workforce
According to the Bureau of Labor Statistics, 12 million manufacturing employees in the aerospace and defence industry are at least 55 years old.
As the current workforce looks to retire, companies need to hire, train, and upskill a wave of younger employees.
Companies can incorporate emerging technologies, new processes, and other skills to prepare a younger workforce for the evolving industry.
It also helps companies stay competitive and innovative in the increasingly difficult landscape.
How We Help
At SHEA Global, we want to help manufacturing businesses in the competitive aerospace and defence industry develop a strategy to help them stay competitive and profitable.
Regardless of your need to leverage smart manufacturing technology, improved supplier relationships, or training requirements, we have the tools to help you succeed in the industry.
Want to learn more about how we can help you? Contact us today!