How smart finance can help aerospace manufacturers navigate the pandemic

Posted on 23 Mar 2022 by The Manufacturer

The aerospace industry was one of the most affected by the pandemic and experts expect its recovery to be “long and turbulent”. Machine tools manufacturers serving the sector are currently dealing with a number of challenges including: the significant backlog of aircraft orders; the historically low production and new order levels; as well as the pressure arising from ambitious net-zero targets, to name a few.

To combat these challenges, manufacturers would benefit from accessing agile technologies and machinery that can react to shifting market demands. Such technologies tend to be digitalised and automated offering greater oversight and flexibility during production processes, even when disrupted. Industry 4.0 and its applications The practical applications of leveraging digitalisation and Industry 4.0 processes are…

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