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Home»Economic News»Rolls-Royce boss warns of prolonged supply chain strains
Economic News

Rolls-Royce boss warns of prolonged supply chain strains

July 23, 2024No Comments2 Mins Read
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The aerospace industry is facing prolonged supply chain challenges, with Rolls-Royce’s CEO warning that these issues could persist for another two years. Tufan Erginbilgic highlighted the severe shortages in skilled labor and parts, attributing the crisis to the industry’s rapid growth post-pandemic.

Despite these hurdles, the demand for air travel remains strong, leading Rolls-Royce to invest heavily in enhancing the performance of its engines. The company is also exploring technology for the narrow-body jet market with a smaller version of its UltraFan engine demonstrator.

Tufan Erginbilgic, chief executive officer of Rolls-Royce
Tufan Erginbilgic, chief executive officer of Rolls-Royce at the Farnborough air show © Hollie Adams/Bloomberg

Industry executives at the Farnborough air show echoed Erginbilgic’s concerns about the supply chain, despite recent aircraft orders from major airlines. GE Aerospace, for example, raised its profit outlook but noted materials shortages affecting engine shipments.

Campbell Wilson of Air India expressed similar sentiments, predicting a couple of years before supply chain challenges are resolved. Both Boeing and Airbus have faced production constraints and delays due to supply chain disruptions.

Airbus, in particular, has adjusted its profit outlook and delivery targets, citing engine shortages from key suppliers. The company is implementing efficiency measures to address rising costs and improve productivity.

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A partially finished A320 passenger plane at Airbus’s factory in Hamburg, Germany.

Despite these challenges, Airbus remains optimistic about the industry’s future and expects investments in supply chains to yield positive results. Industry leaders like Tony Douglas of Riyadh Air acknowledge the need for transparency and adaptation in response to the evolving supply chain landscape.

boss Chain prolonged RollsRoyce strains Supply warns
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