What Happened
Surging Demand Tests Industry's Ability To Ramp Up Production
The aerospace industry is facing significant supply chain challenges as demand surges, according to a survey by PwC and the US Aerospace Industries Association. The survey found that 85% of companies are confident in their ability to ramp up production at a 25% rate over 18 months, but this confidence decreases as production rates increase. The industry is struggling to meet demand due to supply chain constraints, particularly at the subtier supplier level. As reported by AviationWeek, the survey highlights the need for more long-term supply agreements and investments in capacity expansion to address these challenges.