Release date: 30-09-2020SKU: MSG-GL-COVID19-013
MSG explores the top risks and opportunities impacting the aerospace & defense sector, owing to the prevalence of COVID-19.
The outburst of the COVID-19 pandemic has uncertainly impacted the operations in the global market, while aerospace and defense companies are already struggling to make profits in pre-pandemic scenarios. MSG’s COVID-19 impact strategic report deliberates the concerns in terms of short-term, mid-term, and long-term strategies to figure out the impact of COVID-19 on the aerospace industry, including aircraft manufacturing defense, and further procedures to respond, recover and thrive.
Companies are undergoing disruption in the manufacturing and distribution of spare parts in the global commercial aviation market, as passengers stop traveling, and customers defer new aircraft delivery. This also resulted in the reduced demand for spare parts owing to the limited need for maintenance in current pandemic situations. It is already analyzed that the aircraft manufacturers are capital intensive by nature, which are primarily raising short-term concerns to maintain cash flow and liquidity.
Considering the current market trends on the defense side, contractors are in a better position, as they are the least impact of COVID-19 in the short-term to mid-term scale. Also, it is expected the slow production operation may have seen as in aircraft manufacturing after in the coming years, as budgets for current production are already signed and allocated before the pandemic.
To read more about how we believe the construction & mining sector can manage the current pandemic scenarios, inqure about our report.
Key Issues Addressed
Considering the COVID-19 impact on the aerospace & defense industry is carried out through various lenses, and many critical issues identified in the COVID-19 impact strategic insight report include:
• Specific key trends have begun to accelerate due to the crisis, reshaping both demand and supply across industries
• Other trends that probably decelerate or halt due to the COVID crisis
• Trends that are essential before the pandemic and post-pandemic directions to shape the industry
• Key uncertainties and challenges that should be considered in strategy and business planning
• Detailed consideration of scenarios that compare the reach of the pandemic versus the industry impact arising from changes in end-consumer behavior
• A set of both recovery and thrive oriented actions for market participants and players
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