- THE MAGAZINE
- WEB EXCLUSIVES
Unsurprisingly, 70% reported that the economy was impacting their business. With the currently global economic situation, together with raw material costs and the exchange rate, this is a difficult time for the industry. In addition, only 32% planned to outsource work overseas in the next year.
In terms of quality, 91% believe that their company root cause corrective action process could be improved.
Moving onto regulatory issues, a minority of 36% stated that they fully understand the impact of ITAR/EAR on their business. With penalties including fines-Boeing was fined $3 million in 2008-and prison terms, it is important to all organizations, not just US-based ones.
Supporting many other reports, 91% of respondents agreed that the aerospace industry is facing a shortage of qualified experienced personnel.
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