Five ways MRO can prepare for the new normal
The COVID-19 pandemic has caused substantial upheaval for aerospace and defense suppliers, especially those who focus on the commercial aftermarket segment.
According to recent research conducted by the Boston Consulting Group in conjunction with the Aerospace Industry Association, analysts forecast a 50% decline in revenue for the maintenance, repair, and overhaul (MRO) sector.
Regardless of whether these dire forecasts do come true, one thing is for certain: the next five years are going to look markedly different, requiring new strategies and tools to succeed. Here are five keys to help MRO and aftermarket suppliers cultivate resilience and move forward in this new environment.