"Building the future of aerospace – Pioneer, collaborate, and accelerate now!"
The aviation industry seems to have a bright future ahead, with an increase in passenger numbers and full order books. Nevertheless, this is also where the industry is confronted with significant challenges. Suppliers must manage a steep ramp-up while dealing with shortages of personnel and materials, as well as rising energy and capital expenses. Moreover, the industry is under scrutiny due to global sustainability efforts. To build a sustainable future for the aviation sector, all stakeholders must work together, innovatively, and promptly. Thus, the Aviation Forum this year will concentrate on the following key topics:
Strong collaborations & digitalization
For the aerospace industry to grow, reach its full potential and attain the shared objective of zero-emission flight, collaborative efforts are vital. Establishing a closer and trust-based partnership between OEMs and suppliers plays a crucial role in improving efficiency and quality throughout the value chain, consequently aiding in the effective management of ramp-up activities.
Digitalization serves as a critical approach to boost supply chain transparency and reveal bottlenecks, among other things. Moreover, open communication is necessary to establish trust between all stakeholders. Achieving the industry's net-zero aspirations necessitates the close and coordinated collaboration of all participants, including airlines, airports, and political support.
To summarize, "Partnering for growth" could serve as the guiding principle for the future supply chain of the aviation industry.
Sustainable strategies & innovations
It is widely agreed that the future of aviation must be green. To decrease the ecological impact of air travel, research is being conducted on advanced materials, aerodynamic aircraft designs, new propulsion technologies, and sustainable aviation fuels. Flight routing is also an important aspect in this regard.
Furthermore, the aviation industry can implement measures to decrease its environmental footprint, such as recycling materials, utilizing sustainable raw materials, and optimizing supply chains.
Digitalization still has untapped potential in the industry, and it can enhance operational efficiency, manufacturing processes, and sustainability through data analytics, artificial intelligence, and digitalization technologies.
Resilient operations & processes
In the aviation industry, resilient operations and processes are crucial for maintaining a robust and efficient value chain. This is particularly important during the current phase of a steep ramp-up, which is putting pressure on many companies and pushing them to their production limits. They are encountering material and personnel shortages as well as financial difficulties caused by high costs and inflation.
To tackle these challenges, it is essential to streamline operational processes to reduce costs and overcome personnel shortages. Additionally, it is vital to continue investing in new or digital technologies and infrastructure, automate production processes, and adopt effective risk management strategies.
Looking towards the future of the aviation industry, one of the significant challenges is to attract and enable the next generation of workers and leaders to address upcoming challenges.