Sunday, September 26, 2021

Airbus CEO says supply chain in ‘tough spot’

Montreal-Airbus Aerospace is seeing increasing pressure on the supply chain and managing the problem is critical to the industry’s recovery, the head of a European planmaker said on Tuesday.

“We actually see that the supply chain is in a much more difficult position than it was before,” chief executive Guillaume Faury told the Montreal conference by video link.

“We fear that supply chain management for the next 12 to 18 months will be the hardest part of what we have to achieve in order to really recover. Their position is difficult,” he said.

“If one or two or three are defaulting then the whole process is at stake. So supply chain management is really the key to improving the world we face.”

Fauri was speaking by video link from the United States at an economic conference organized by the International Economic Forum of America, where domestic travel is recovering from the pandemic. However, global business travel remains sluggish.

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“We are already seeing an improvement, but (business travel) is unlikely to return to 2019 levels for several years. There are also companies that are trying to reduce travel to cut emissions,” Fauri said.

“There are a lot of business seats that are occupied by people who are not flying for business purposes. They are flying for leisure or visiting their friends and families. “

Rival Boeing earlier revised long-term demand forecasts as a snapback in domestic air travel in the United States reflected more gloomy industry predictions seen last year at the height of the coronavirus lockdown.

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This News Originally From – The Epoch Times

Airbus CEO says supply chain in 'tough spot'
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