What Happened
Aerospace Systems Company Seeks To Boost Output Amid Supply Constraints
Honeywell Aerospace is working to resolve supply chain bottlenecks that have hindered its ability to meet customer demand. Despite an 8% year-over-year increase in orders, the company’s output growth was limited to 3% in the first quarter and 4% in the second due to underperforming suppliers. To address this issue, Honeywell Aerospace is implementing process improvements and revamping its supply chain to improve planning and visibility. According to President and CEO James Currier, the company is also increasing its investment in insourcing and multisourcing. This was reported by Supply Chain Dive.