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Aerospace is one of the top five industries impacted by supply chain disruptions, according to EventWatchAI, Resilinc’s global event monitoring platform, which collects information and monitors news on 400 different types of disruptions across 104 million global sources.
Here’s a look at what Resilinc identifies as the biggest challenges facing the aerospace industry.
#1 Factory fires. Fires and explosions at warehouses, factories, and plants, as well as investigations and force majeure due to fires, are the top disruption in aerospace and have been the leading supply chain disruption across all industries tracked by Resilinc for five consecutive years. Simple safety measures—such as stocking extinguishers and training employees—can reduce the potential risk of factory fires.
#2 Labor disruptions. In 2023, the aerospace industry saw approximately 887 labor disruptions—a 66% jump from the year prior—which include company, site, union, and national strikes as well as layoffs, labor walkouts, protests, and more. Labor disruptions were a particular problem across all forms of global transportation as well.
#3 Mergers & acquisitions. While M&As can positively affect the industry, leading to improved technologies and more resilient companies, it takes time to merge data, suppliers, and systems, which can cause challenges.
