OEM’s like Boeing and Airbus have received orders for thousands of new commercial aircraft, presenting an opportunity for revenue growth. The problem is that these OEM’s are being hit with cost reductions from their end customers.
To reduce costs, OEM’s are squeezing suppliers in return for access to aircraft programs. But this only transfers the problem down the line, leaving suppliers searching for ways to reduce the cost of production whilst maintaining a profit margin.
So here’s 3 ways that OEM’s and suppliers can reduce costs in the production of aircraft. …
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