📝 Exploring Supply Chain Risks: Insights from #GE Annual Report 2023
GE's supply chain faces significant challenges that can impact operational costs, competitiveness, and customer fulfillment. Key risk elements include:
⏹️ Material Shortages & Capacity Constraints:
Shortages of raw materials and components, along with supplier capacity limitations, pose operational hurdles and increase costs.
🔶 Volatility in Prices & Availability: Reliance on third-party suppliers and commodity markets exposes GE to price fluctuations and availability uncertainties for materials and services.
⏺️ Global Economic & Geopolitical Dynamics:
Complex supply chains spanning multiple countries expose GE to risks associated with global economic shifts and geopolitical tensions.
⏹️ Operational Disruptions: Manufacturing disruptions, transportation challenges, and skilled labor shortages can affect revenue, profitability, and customer order fulfillment.
🔶 Supplier Reliability & Quality: Dependency on limited or sole-source suppliers increases vulnerability to disruptions and quality issues, impacting product quality and customer commitments.
⏺️ Cybersecurity Threats:
Cyber-related attacks on suppliers can disrupt deliveries and affect GE's ability to meet customer obligations, leading to operational and reputational harm.
Addressing these risks requires proactive measures such as enhancing supplier relationships, diversifying sourcing strategies, and investing in cybersecurity resilience.
GE remains vigilant in navigating these challenges to ensure operational resilience and maintain customer satisfaction amidst evolving supply chain dynamics.
#supplychainriskmanagement#GE#annualreport2023
2023 was a momentous year for GE Aerospace and GE Vernova. In 2024 each company will make an indelible mark, putting their stamp on our lives and society.
Read more here:
https://lnkd.in/debJWfT6
GE's 2023 #AnnualReport is published today. CEO Larry Culp writes in his letter to shareholders: "GE Vernova isn’t just a great turnaround story. It’s a great value creation story, too. The world is looking for someone to lead the #EnergyTransition at scale - someone credible, innovative, and capable. With roughly 30 percent of the world’s electricity generated with the help of its vast installed base, and demand for electricity projected to grow rapidly, GE Vernova is a glove fit for this vital mission, one that carries with it multi-decade tailwinds and impact."
#FutureOfEnergy#decarbonization#electrification
2023 was a momentous year for GE Aerospace and GE Vernova. In 2024 each company will make an indelible mark, putting their stamp on our lives and society.
Read more here:
https://lnkd.in/debJWfT6
Kawasaki Heavy Industries, Ltd. has become a subscribing member of the Nadcap® accreditation program. Nadcap Subscribers are aerospace prime contractors who have demonstrated design authority and control over supplier quality throughout their organization.
Kawasaki Heavy Industries Ltd. comprises approximately 100 groups in Japan and overseas. It makes products for land, sea, and air, with Kawasaki aerospace division active in products ranging from aircraft to satellites
Jim Lewis, Vice President of Nadcap, said: “We value the knowledge and experience that Kawasaki Heavy Industries Ltd. brings to the Nadcap program. We are excited for them to join with other industry representatives from around the world to collaboratively improve critical manufacturing process quality and ensure the safety of passengers.”
“Our suppliers are such an important part of the overall process of ensuring that Kawasaki Heavy Industries, Ltd., products achieve the highest levels of quality,” said @Yuji Matsuzaki, Associate Officer, Group Manager, Engine Manufacturing Group, Aero Engine Business Division, Aerospace Systems Company of Kawasaki Heavy Industries, Ltd. “Through the Nadcap program, will work together with the wider aerospace industry, towards agreed audit criteria for critical manufacturing processes, thereby further building up the strength of our supply chains, and ultimately, helping to safeguard the safety of passengers.”
For more information on Kawasaki Heavy Industries Ltd visit global.kawasaki.com.
#aerospaceengineering#aerospacemanufacturing#qualitymanagement#qualityassurance
It's been more than a month since we relaunched our website! 🎉
If you haven't had a chance to check it out yet, we encourage you to do so. You can easily view our latest products and services, read our blog for expert insights into MRO and learn more about our environmental sustainability approach.
🔗 Explore it here: https://lnkd.in/d9s5hqnD
Stay tuned for more exciting updates! 😊
#SRTechnics#MRO#aerospace#aerospaceengineering#websiterelaunch
Did you know that turboprops have been connecting regional communities for 40 years?!
Pratt & Whitney have been been powering these aircraft from the beginning. In the latest issue of Regional International they reflect on 4 decades of development and how turboprops continue to connect us.
Read more: https://ow.ly/YGOJ50RYpzq
🏗️ A new challenge is about to become a reality at #OGMA: the new Pratt & Whitney GTF Engine Unit.
This is a very important, strategic, and relevant project for the present and future of OGMA, which is being carried out by a vast team.
🙌 Stay tuned here for the updates we will be sharing about this project over the next few weeks!
#PW#ExploreGTFProject
“National Aviation Day,” created by Franklin Delano Roosevelt in 1939 and designating Orville Wright’s (of the Wright Brothers) birthday as a day for celebrating the aviation industry and the engineers, pilots, and enthusiasts who’ve made it one of the most important industries in the world.
The 85 years since the holiday was established have seen a lot of changes, from the astronomic growth of intercontinental connectivity, to the experimentation with commercialized supersonic travel, to countless boundaries broken and records set.
It’s particularly notable this year as ExxonMobil Aviation celebrates 120 years of human flight, starting with the Wright Brothers historic first flight at Kitty Hawk in 1903. That significant milestone stands as a testament to the relentlessly pioneering human spirit and our global community’s capability for growth and change in the face of new challenges and technology. What the next 120 years hold is anyone’s guess.
One thing’s for sure: we’re going to go higher, farther, and faster than ever before. Nonstop.
Visit ExxonMobil Aviation’s 120 Years Nonstop website for more information about our storied history in the aviation industry: https://bit.ly/4b3dzGk#AviationHistory#AviationInnovation
🚀 GE Aerospace Launches as a Standalone Company! 🚀
General Electric has recently achieved a significant milestone by spinning off its aviation engines division, creating a new, standalone entity known as GE Aerospace.
This strategic move is designed to capitalize on the growing aerospace sector, with GE Aerospace now positioned to innovate and expand within this dynamic industry.
🛠️ Major Milestone: GE finalizes the spin-off of its aviation engine business, establishing GE Aerospace.
🏢 Strategic Move: This restructuring marks a significant shift, focusing on innovation in aviation technology.
📈 Strong Foundation: With a $32 billion portfolio, GE Aerospace is poised for growth, especially in defense engines ($9 billion segment).
🔔 NYSE Celebration: CEO Larry Culp rang the NYSE opening bell, signifying GE Aerospace's debut as a public entity.
✈️ Core Business: Commercial engines remain central, with the CFM56 LEAP engine leading in the Boeing 737 MAX and Airbus A320neo markets.
🛫 Defense Prospects: Anticipated growth in defense spending signals robust opportunities for GE Aerospace's military engine production.
🌍 Global Vision: The company eyes mid-to-high single-digit growth for its defense unit in 2024, with significant interest from international markets.
#GE#aerospace#upendostaffing#lovewhatyoudo#aviation
🚀 GE Aerospace Launches as a Standalone Company! 🚀
General Electric has recently achieved a significant milestone by spinning off its aviation engines division, creating a new, standalone entity known as GE Aerospace.
This strategic move is designed to capitalize on the growing aerospace sector, with GE Aerospace now positioned to innovate and expand within this dynamic industry.
🛠️ Major Milestone: GE finalizes the spin-off of its aviation engine business, establishing GE Aerospace.
🏢 Strategic Move: This restructuring marks a significant shift, focusing on innovation in aviation technology.
📈 Strong Foundation: With a $32 billion portfolio, GE Aerospace is poised for growth, especially in defense engines ($9 billion segment).
🔔 NYSE Celebration: CEO Larry Culp rang the NYSE opening bell, signifying GE Aerospace's debut as a public entity.
✈️ Core Business: Commercial engines remain central, with the CFM56 LEAP engine leading in the Boeing 737 MAX and Airbus A320neo markets.
🛫 Defense Prospects: Anticipated growth in defense spending signals robust opportunities for GE Aerospace's military engine production.
🌍 Global Vision: The company eyes mid-to-high single-digit growth for its defense unit in 2024, with significant interest from international markets.
#GE#aerospace#upendostaffing#lovewhatyoudo#aviation
Another story about Boeing. In the early 1990's General Motors started work on their first modern EV, the GM #EV1 [1]. The vehicle was such a departure from anything GM made before they recognized they needed to approach it differently.
At the time, much vehicle engineering was done by designing for long lists of tests to pass known as GMUTS [2] and though cultural knowledge. The teams that worked together for decades knew how to get things done. Integration and packaging was done on mockups and prototypes.
Since the EV1 started before #CAD was pervasive and drafting tables were still everywhere, it started as a mockup. The powertrain was mocked up using foam core boards glued together to replicate the front of the vehicle. Foam blocks, wood, and bits of real hardware were positioned to verify how it all fit together. [3] But that only made sure parts would fit together, not make sure they worked together.
The leadership recognized that something different needed to be done. In addition to electric drive and batteries, this vehicle would be their first drive-by-wire & brake-by-wire vehicle, employ lots of new technologies, and rose to a whole new level of software distributed over about a dozen controllers.
The engineering team leaned heavily on Delco Electronics, Hughes Aircraft (acquired in 1985 [4]) and EDS (acquired in 1984 [5]) but there was still a massive gap. The old automotive approaches would not have worked. The defense oriented approache brought by Hughes, with massive requirements documents, were challenging for a new team and new technology. The software centric approaches like #StructuredAnalysis that EDS brought in were unproven for real time systems. None of this was sufficient to capture and understand how all of the hardware and software parts would work together in real time.
Furthermore, modern tools like #SysML was still more than a decade away. DOORS and other system engineering tools were just entering the market. So there was a big gap in capability.
The main problem was combining physics, software, and safety critical real time behavior. Fortunately, in 1988, two systems engineers from Boeing, Derek Hatley and Imtiaz Pirbhai, published "Strategies for Real Time System Specification" [6] which encapsulated the approach they used for solving this same problem for the 747 [7]. They extended structured analysis to address real time operation and the allocation of functions through distributed computing. At GM, we applied and extended these methods to handle distributed computation and rich hardware behavior (since many functions were still mechanically implemented).
Hatley & Pirbhai both came to GM and trained many of us, sharing their experiences and lessons learned. The combination of their book, their interactions and the hard work of the EV1 team, helped make that vehicle a reality as the first modern electric vehicle. As a young engineer it was incredible training.
#hardtech#systems#automotive
“Media Expert”
CEO, Aero Consulting Experts, Ret. United Captain. B-787/777/767/757/747/737/727/720/707/DC-10/DC-9/DC-8/EMB-500
55 years ago, a group of #Boeing employees aptly named “The Incredibles” climbed the rain soaked hillside in Everett, WA. Under the leadership of a young engineer named Joe Sutter. A Marine fresh out of Korea, and an old school-CEO known as Bill Allen.
Every morning, they chased down bears out of the thick woods, uprooting trees and laying concrete in the relentless rain and mud, in one of the wettest seasons in the history of PNW. They never stopped until they built the greatest aircraft ever designed, in an incredible record time. Then the iconic 747 was born. They would move the production down the line, a foot at a time, as the concrete in the largest unsupported building on earth was hardening ahead of them.
The aircraft they produced changed the aviation world for ever and connected the continents on our planet the way it was never done before. As a young pilot, I was privileged to meet some of those "incredibles" and fly that amazing aircraft in its glorious days. Sadly the same company that built the “700 Series” jetliners, we loved and admired, and helped put the man on the Moon, fell in despair under the wrong management and CULTURE. We have no other choice but to help rebuild this broken national treasure, back to its glorious roots.
I recently wrote an “Open Letter to Boeing” that addresses these monumental tasks and issues the new management must tackle.
To start, bring back the “Incredibles” and re-establish Boeing in her original home!
Managing Partner at CiresiMorek
3moCongratulations, Phil, know you'll make a great addition to the leadership team!