In this time of great uncertainty, there is nothing for aerospace and defense manufacturers to do but deal tactically with the constantly changing environment. Their plates are full just trying to deal with a concerned workforce, uncertain demand from their customers and uncertain supply from their suppliers. At Charles Edwards we developed a short list of some tactics that will be manageable for many companies even in this environment that will help strategically position companies for the eventual return to production. We assume that the resourceful, battle tested leaders of aerospace are already managing their personnel and their cash.
Therefore, our recommendations focus on other areas of the operation:
There will one day be a ramp up again. We know the primary task right now is to conserve cash and live to fight another day. With that in mind, some companies simply won’t be able to devote resources to some of these recommendations but those that can will reap benefits from doing so.