COVID-19 Crisis Poses a Deep Impact on the Aviation Supply Chain
Reduction in air travel orders and heavy disruption of supply-chain will stall/delay the new product development initiatives. In the medium-term, delay of planned engineering programs and manufacturing closures may impact the future growth of aerospace engineering services.
Boeing and Safran have temporarily closed their production facilities in China that will have a major impact on manufacturing-led engineering services. To sustain in this environment, engineering service providers need to market research with sales intelligence tools and realign their Engineering service portfolio.