How to Overcome Supply Chain Challenges
As aviation recovers from the Covid-19 pandemic, the industry has navigated from one storm into another.
That is ongoing supply chain issues. Three years after flights resumed, problems persist.
Commentators are optimistic about the longer term, but 2024 could be tricky many agree.
Problems are causing ripples throughout the industry with disruptions in the production and delivery of aircraft, engines and other vital parts leading to delays, planes being grounded and jeopardising plans for greater fuel efficiency.
Shortages of raw materials, energy costs, infrastructure, staff constraints and other factors are all affecting suppliers, OEMs and others in the chain.
The shipping sector is also affected.
Demand for air cargo capacity increased after the pandemic. Labour shortages, processing backlogs and insufficient storage space at airports are now disrupting growth.
There are several strategies to help adapt and overcome problems.
Diversifying suppliers to reduce the risk of delays to critical components may help, as would better collaboration with suppliers to anticipate problems and monitor availability.
One effective solution is investing in technologies such as advanced analytics to identify problems.
Integrating supply chain solutions, using analytics and an extensive supply network can also help overcome some of the supply chain issues, offering visibility over different sections of the supply chain and pre-empting challenges.
Cargo Mentor by Journey Mentor offers what the industry needs: better visibility, seamless management, dynamic revenue management reduced complexity in international payments for the shipping industry, and most importantly no commercial access barriers.
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