Paul Perera’s Post

A few of my takeaways from this #deloitte Research Center for Energy & Industrials article: In 2023, the aerospace and defense (A&D) sector witnessed robust demand, signaling positive trends in commercial aviation and defense. Looking ahead to 2024, our industry faces challenges in supply chain management and talent acquisition. Our commitment to digital transformation and strategic talent initiatives will not only address these challenges but position us as leaders in a dynamic marketplace. As we navigate the intricacies of the A&D landscape in 2024, our guiding principle is digitalization. 🚀 What's your take on the trajectory of the aerospace and defense industry in 2024? #AerospaceLeadership #DigitalInnovation #2024Outlook #AerospaceIndustry #deloitteinsights https://lnkd.in/euDpXPPD

🚀 Navigating the #Aerospace & #Defense Landscape in 2024: Insights for Growth and Innovation 🛫 As we dive deeper into 2024, the aerospace and defense (A&D) industry continues to evolve amidst a backdrop of geopolitical tensions, rising demand, and technological advancements. At #GMD, we prioritize staying informed to fuel our technological growth. Deloitte's published outlook on aerospace and defense highlights crucial points of the industry in 2024. Here's a snapshot: Increase in Spending: Surge in defense and commercial spending driven by geopolitics and demand. Defense focuses on innovation and safety, while commercial sees growth in passenger flights and emerging markets like AAM and space. Embracing Technology and Innovation: Digitalization plays a pivotal role, enabling faster prototyping, certification, and commercialization. From AI applications to digital twins and beyond, leveraging cutting-edge technologies is essential to stay competitive and meet evolving customer demands. Addressing Challenges: While opportunities abound, challenges like supply chain complexities, talent shortages, and inflation rates pose hurdles. However, proactive strategies such as diversifying supply chains, investing in workforce development, and fostering a culture of innovation can help overcome these obstacles and drive sustainable growth. Strategic Positioning: Amidst these shifts, A&D companies must strategically position themselves to capitalize on emerging opportunities. Whether it's meeting defense requirements, advancing space exploration, or shaping the future of air mobility, staying at the forefront of technological advancements and cyber resilience is key. These insights show the industry's commitment to innovation and excellence, words that are synonymous to #GMD's vision! Source: https://lnkd.in/dQNxKdDd

Currently, investment in all sectors of the aerospace industry is surging at the same time as its available workforce is shrinking, due to retirements and a smaller potential employee pipeline. How can the aerospace industry best tackle this challenge so that it can rise to the level of the investments being made? Todd Tuthill explains that digital transformation may offer a solution. ✈️🚡 In his recent article for Aerospace Manufacturing and Design Magazine, Tuthill, our VP of Aerospace and Defense, lays out the five-step framework of digital transformation maturity developed by Siemens to guide companies as they digitalize their engineering processes. Companies can use this framework to evaluate their progress toward maturity and determine the next step in their digital journeys. As these companies transition from a traditional document-based model to become fully digitalized and optimized closed-loop enterprises, they can also overcome their workforce issues in the process. 💡 Read the full story at https://sie.ag/6xpTHZ #Aerospace #DigitalTransformation #FutureofAerospace

In today's Aerospace & Defense Industry 🛫 , we're witnessing a tale of two realities. On one side, there's the realm of technological achievements and substantial investments. Yet, on the flip side, we're grappling with a big challenge: a scarcity of skilled professionals needed to propel this growth forward. 📍 According to the article, projections suggest that retirements will result in a gap of 3.5 million workers by 2026! While it's important to attract new students to STEM fields, leveraging digital transformation can significantly aid in narrowing the gap. By integrating cutting-edge technologies, such as #digitaltwins , into the industry, we can bridge part of this gap. #digitaltransformation empowers #aerospace professionals by enhancing their capabilities, streamlining development processes, automating design workflows, and enabling focused decision-making. For a deeper understanding of how your company can navigate this digital journey, we encourage you to explore the comprehensive article below. Siemens Digital Industries Software outlines five essential steps for digital transformation in the industry. Dive into the article 📖 to assess your company's digital maturity and uncover opportunities to integrate digital twins into this transformative journey. #digitaltwin #aerospace #defence #engineering #siemens    

The '2024 aerospace and defence industry outlook' article recently published by Deloitte emphasises the critical shift towards digital transformation to enhance product development and improve operational efficiencies amid persistent labour and supply chain challenges. The article also highlights the need for aerospace and defence (A&D) manufacturers to leverage emerging technologies such as artificial intelligence (AI) to improve product quality, production throughput, and cost efficiency. Our vision at Getac is focused on providing outstanding solutions and services that enable the vital work completed by frontline workers operating in the world's most challenging environments. Our emphasis on innovation aligns with the report's findings, suggesting that digitalisation will play an increasingly important role in helping A&D companies stay ahead of the curve in a rapidly changing market. Read more here https://bit.ly/4btYvTI

Lots of interesting info here concerning #aerospace trends for manufacturers - especially concerning new product introduction and supply chain trends. For example, to address a still unstable supply chain plus the growing threat of geopolitical tensions with dominant sources in that chain, "...in the United States, production options include cross-border manufacturing and the continued exploration of friendshoring." That's obviously a very limited list, since production options should also include abandoning the legacy financial interests that were/are inherent to replacing US manufacturing with non-US manufacturing in favor of strengthening our domestic manufacturing base through increased #onshoring. Why? Cross-border manufacturing ignores the convenience and higher security offered by US-based #AS9100 quality qualified manufacturers -- who should have preference for domestic #aircraftmanufacturing and #aircraftparts business (particularly for defense products). And "friendshoring"? That just sounds like newspeak for maintaining offshoring. Simply moving from a potential enemy in the supply chain to another foreign, offshore source only maintains the extension of the supply chain with all of its inherent fragility and risk (i.e., just more of the same). Stop the status quo. A shorter and more secure chain is possible from working with capable USA companies like #KLINGERIGI. #precisionfabrication #madeinusa https://lnkd.in/dQNxKdDd

The Aerospace and Defense industry faces new challenges brought about by rising interest rates, supply chain disruptions and global instability squeezing margins throughout the value chain. A new talent landscape and evolving employee expectations with increasing salary levels and employee mobility amplified by the pandemic could make it more challenging for A&D companies to attract, retain and foster a skilled workforce. As insightful industry outlook reports by Deloitte and PwC point out, workforce issues could create significant headwinds for A&D companies integrated with global supply chains as they scale operations. These challenges would be faced not just in home markets but also throughout global value chains. Avistrat is working with our aerospace partners in building reliable access to high quality skilled engineers and helping navigate some of these workforce challenges. Find out more about us at https://lnkd.in/gR_Qr-h8 and reach out to us at sr@avistrat.com to know more! #aerospacedesign #aerospace #engineering #upskilling #indianaerospace References: Deloitte 2024 A&D Outlook: https://lnkd.in/gzJzvidG PwC - Evolving workforce and aerospace and defense firm needs: https://lnkd.in/gUuj3STk

Embracing new technology and innovation will be key to navigate upcoming challenges and capitalize on growth opportunities for aerospace and defense companies.

The Aerospace and Defense industry faces new challenges brought about by rising interest rates, supply chain disruptions and global instability squeezing margins throughout the value chain. A new talent landscape and evolving employee expectations with increasing salary levels and employee mobility amplified by the pandemic could make it more challenging for A&D companies to attract, retain and foster a skilled workforce. As insightful industry outlook reports by Deloitte and PwC point out, workforce issues could create significant headwinds for A&D companies integrated with global supply chains as they scale operations. These challenges would be faced not just in home markets but also throughout global value chains. Avistrat is working with our aerospace partners in building reliable access to high quality skilled engineers and helping navigate some of these workforce challenges. Find out more about us at https://lnkd.in/gR_Qr-h8 and reach out to us at sr@avistrat.com to know more! #aerospacedesign #aerospace #engineering #upskilling #indianaerospace References: Deloitte 2024 A&D Outlook: https://lnkd.in/gzJzvidG PwC - Evolving workforce and aerospace and defense firm needs: https://lnkd.in/gUuj3STk

Just completed the GE Aerospace: Explore Human Resource job simulation. This simulation challenged me to think strategically, make quick decisions under pressure, and demonstrate my knowledge of HR best practices. I am excited to take what I have learned and apply it to my career, helping to drive success and innovation in the aerospace industry. #aerospace #HR #simulationsuccess #CareerDevelopment #HRsimulation #forage 🚀✈️📊