Aerospace Firms Insourcing Amid Supply Chain Concerns
Aerospace companies are increasingly turning to insourcing as a solution to supply chain problems. Honeywell Aerospace is one of them, considering bringing back some work that it had previously outsourced. This shift in strategy comes amidst growing concerns over supply chain resilience and the potential risks associated with outsourcing.
Honeywell's decision to reevaluate its outsourcing strategy follows industry-wide trends. Many aerospace firms are now viewing insourcing as a way to mitigate the impact of supply chain disruptions, which have become increasingly frequent and unpredictable.
The company produces gas turbines, including the HTF7000 turbofans. By taking back some of this work, Honeywell aims to improve its control over production processes and reduce reliance on external suppliers.