The situation is identical throughout the world: shifting political alliances, tariffs, and a pandemic that disrupts old supply chains.
FREMONT, CA: The aerospace and defense business is spinning many plates right now, like the rest of the manufacturing world, as noticed. In today's changing environment, manufacturers face the issues underlined by speakers at the FABTECH 2018 summit. Constantly mentioning the disruption of supply networks transporting steel and aluminum into the United States due to tariffs. The situation is identical throughout the world: shifting political alliances, tariffs, and a pandemic that disrupts old supply chains.
Breaks in the global supply chain harm aerospace and defense OEM production, but that isn't the only issue these companies face.Other difficulties include giving more value-based services to demanding clients and adhering to regulatory rules when manufacturing.
Let’s see few limitations faced by Aerospace and Defense OEMs:
Developing a Sustainable Supply Chain
OEM and Tier-1 supplier requests for metal parts met with delays from local businesses that cannot satisfy rising demand. To meet client demand, aerospace and defense OEMs must seek out alternate sources and routes.Today, the continuous digital transformation provides all the tools required to capture supply chain data, while IoT platforms will provide computational resources needed to extract insight from supply chain data.
Government Regulations and Environmentally-friendly Policies
When producing devices for the aerospace and defense industries, factors such as the necessity for controlled emission rates during manufacturing processes and the requirement for more efficient engines and propulsion equipment need to be considered.OEMs in the aerospace and military industries must build novel equipment to support the industry's efforts to reduce emissions from the production floor and engines.
Growing Revenue in A Competitive Environment
Boeing, Airbus, and Lockheed Martin are the three companies that dominate the aerospace and defense business. The main three account for the vast bulk of business or contracts received by aerospace and military OEMs, resulting in fierce competitiveness and industrial rivalry.
IIoT solutions enable data collection, while IIoT platforms provide resources for storing and analyzing data from the shop floor.A value-added service that aerospace and defense OEMs can provide to end-users of their equipment is a benchmark study on machine utilization or throughput.
Implementing Digital Transformation Strategies
Defense and aerospace OEMs that recognize the importance of pursuing digital transformation projects to improve factory floor procedures still have difficulty gathering data from its shop floor and placing it to use. The age of communication components on legacy devices and issues building networked settings are all obstacles to data extraction.
IIoT technologies, such as smart hardware, make data collecting easier, while IIoT platforms allow for extensive data analysis to gain insight into manufacturing processes.
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