The aviation industry is experiencing an unprecedented crisis as travel restrictions, production stoppages, and supply chain disturbances have impacted critical business operations leading to a prolonged period of uncertainty. Industry participants globally are burdened with cash flow and liquidity challenges, debt obligations forcing governments to unleash stimulus packages to help with their survival and recovery. Incumbents preparing for the new normal must identify alternate sourcing locations, rethink their supply chain strategy, and focus on lowering costs to build rigid businesses that can overcome future disruptions.
The aviation industry is experiencing an unprecedented crisis as travel restrictions, production stoppages, and supply chain disturbances have impacted critical business operations leading to a prolonged period of uncertainty. Industry participants globally are burdened with cash flow and liquidity challenges, debt obligations forcing governments to unleash stimulus packages to help with their survival and recovery. Incumbents preparing for the new normal must identify alternate sourcing locations, rethink their supply chain strategy, and focus on lowering costs to build rigid businesses that can overcome future disruptions.