As the world becomes more integrated through globalization, it becomes increasingly difficult for aerospace companies to grow and expand through the use of traditional business running methods.
This is especially so when aerospace companies today have become multinational and increasingly dependent on a global supply chain. The aerospace global supply chain is multilayered, complex and vast, hence traditional methods of enhancing top-line value through traditional cost mitigating methods may no longer be applicable and effective. Therefore, it has become increasingly important for global aerospace companies to look at alternative methods to create value in their global supply chain.
This article highlights some value creation strategies that aerospace companies can apply in their global supply chain.