19 Jun 2023 -
 General

Paris Air Show: supply chain remains a concern

air-show

Reuters reports that aerospace and defence companies will be aiming to tackle urgent supply bottlenecks at this week’s Paris Airshow, as they grapple with operating in a “war economy”.

The world’s largest aviation trade show, which alternates with Farnborough in the UK, is eagerly anticipated as airlines rush for capacity to meet demand; some forecasts predict as many as 2,000 new orders.

India’s IndiGo (INGL.NS) is set to place a record order for 500 Airbus (AIR.PA) narrowbodies, first reported by Reuters, hard on the heels of a 470-plane Airbus and Boeing (BA.N) order from Air India, which may also be formalised in Paris.

“There were about 3,300 aircraft that simply were not produced during the COVID years … and that’s about 15% of the global fleet,” Andy Cronin, CEO of leasing firm Avolon told Reuters.

Despite it being a “sellers market”, Reuters says there are pressing questions over the industry’s ability to deliver on orders after the pandemic left the “industry’s supply chain in tatters”. In addition, the Ukraine conflict has put pressure on Europe’s fragmented arms industry to be more nimble and hold more stocks.

To avoid electronics supply-chain disruptions, you may also wish to consult an expert in electronics component supply. With more than three decades of supply-chain expertise, Astute Electronics is ideally placed to work with you on your daily component requirements.

For more help with looking at supply chain options, contact Astute Electronics

Related News

10 Jul 2024 - General

Counterfeit GPUs on the Rise: A Growing Concern for the Electronics Industry

Read more

09 Jul 2024 - General

DRAM Prices Skyrocket Amidst AI Boom and Production Shifts: A Deep Dive into the Memory Market

Read more

08 Jul 2024 - General

US Government Invests in Semiconductor Workforce to Combat Looming Talent Crisis, But Challenges Remain

Read more

07 Jul 2024 - General

Semiconductor Manufacturing Equipment Sales Expected to Explode

Read more

05 Jul 2024 - General

US attracting ‘insane’ money into building chip manufacturing

Read more

04 Jul 2024 - General

Vietnam: caught in the crossfire of US-China tech rivalry

Read more