Reported 8 months ago
GE Aerospace anticipates that supply chain issues will persist into the next year. Despite aligning with Boeing's production rates for the current year, the slowdown in Boeing's jet production has prompted GE Aerospace to work with suppliers to prepare for an increase in production in the coming years. The challenges in the supply chain have been attributed to the pandemic's impact on air travel demand, leading to layoffs in the aviation industry and delayed engine repairs at repair shops. GE Aerospace is implementing strategies such as deploying engineers at supplier sites and using artificial intelligence to overcome material availability issues, with plans to reduce overall turnaround time at repair shops by 30% from a year ago.
Source: YAHOO