The civil aerospace industry is undergoing “fundamental and lasting change”, according to a report by consultancy Pricewaterhouse­Coopers. The report cites the huge growth forecast in the Asia-Pacific region, the rise of low-cost carriers, the increased reliance on regional jets and the sharpening of industry’s focus on environmental issues as factors leading to a change in the fundamental make-up of the industry. “An industry that has been a driving force in globalisation is now, itself, on the brink of becoming global,” says Richard Hooke, global aerospace and defence leader at PWC. He adds that manufacturers need to address key issues including managing a diverse customer base, investing in a changing mix of capabilities, managing supply-chain risk, increasing manufacturing efficiency and managing a transnational organisation to ensure continued success.

Source: Flight International