The Aerospace industry is divided into defense and commercial markets. Defense spending is largely related to political decisions around the globe and is subject to security risks and changes in political administrations. The commercial side includes both business and personal travel.
Original Equipment Manufacturer (OEM) component supply contracts are difficult to win in this very concentrated oligopoly. Suppliers succeed by offering advanced technology that is highly engineered and thoroughly qualified. Once a contract is awarded, successful suppliers can enjoy relatively high margins because switching costs are very high.
Venetia Partners understands the complex dynamics of Aerospace suppliers through our extensive experience delivering Integrated Business Outcomes (IBO)SM to first and second tier suppliers. We apply our deep knowledge, industry playbooks and experience to develop processes that meet the industry’s high demands for product development, traceability, exacting quality standards, information, physical security and supply chain controls regulations.