Lochab’s stance was also shared by his colleagues Matt Jessee, Head of Business Development, who urged more transparency concerning data, and Daniela Serafina, VP of Customer Services, who urged more collaboration:

“Everyone tends to be looking at their own perimeter and profit and loss statement. But I think, more than ever, we need to collaborate to keep on growing the market.”

Learning from other industries

Collaboration enables the different players in the supply chain to not only overcome their challenges together but also to share knowledge and learn from one another. And collaborations need not be restricted to within the sector.

The supply chain has much to learn from other, more fully-developed industries, contends Dimitry Los, Co-founder & CEO at Fourel Aviation Solutions. But while he is happy to see it is already making inroads, it needs to do a lot more:

“The aviation industry pools experience and solutions from all other niches in the world – like banking, ecommerce, MarTech and so on. But we need to start adopting earlier.”

Lochab identifies the automobile industry and Silicon Valley in California as two ideal learning grounds.

The experience of other industries can help the supply chain overcome future challenges, believes Bjarke Ruse Sejersen, CEO and Founder at Go Autonomous.

“We are faced with a reality that other industries have seen for many years: that it's not just growth, it's like bumps on the way and so on, and that we need to do more with less.”

With the right conditions, the supply chain could ’return to normal’ by the first quarter of 2025, predicts Lochab.

Overcoming labour shortage problems

A full understanding of the challenges can help the supply chain overcome them, according to Dr Michael Winters, Principal Fellow Advanced Technology at Pratt & Whitney:

“Our industry is facing a perfect storm that it must learn from. On the one side, we have large new fleets with new engines and aircraft introduced into the market, learning their way towards better dependability. At the same time, we're coming out of COVID and the workforce is limited in capacity and hence the supply chain is limited in capacity.”

David Stewart, Partner at Oliver Wyman, concurs that both recruitment and retention are major challenges.

“There is a shortage of skilled labour wherever you are, whatever region you're in, to carry out the maintenance on the planes – for both the MROS and the airlines.”

This is why the supply chain needs to streamline, concludes Sejersen:

“Getting people to be more efficient, slimming down our cumbersome, handheld processes and thinking how can we digitise our processes – that is the key heading into the future."

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Taking a collaborative approach to supply chain challenges