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Celestica Transforms the Supply Chain to Accelerate Aerospace Industry Innovation

Innovation is always on full display at the Farnborough Air Show and this year was no exception. The commercial aviation industry is seeing stronger passenger demand, lower commodity prices and growth in emerging markets. These encouraging trends are stirring enthusiasm for more disruptive innovations to come and ramping up demand for new aircraft production: over the next 20 years, more than 41,000 new commercial aircraft will take flight, according to Boeing’s Current Market Forecast 2017-2036. 

What’s driving the global demand for electronic components?

Currently it’s not uncommon for the lead-time for supplies to be stretching more than 30 weeks with a number of manufacturers including Yageo, Micron, Panasonic and STM all offering extended lead-times.  And it would appear there’s no short-term relief in sight, with industry experts predicting supply problems to continue well into 2019 and beyond. So what’s been driving this demand for electronic components?

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