Supply chain a priority at international airshow According to officials from Forecast International who spoke at the opening day of the Farnborough International Airshow in England, production rates on Airbus and Boeing airplanes are causing a strain on suppliers.

Both plane manufacturers are considering increasing production rates, but are uncertain how quickly they can produce the planes due to some weak suppliers, according to the Wichita Eagle.

Forecast International predicts the demand to be for 14,655 large commercial airliners in the next 10 years, the Eagle stated, while Boeing expects a market for 34,000 airplanes worth $4.5 trillion over the next 20 years, which could cause supply chain turbulence. Boeing has already indicated it would like some of its larger suppliers to buy smaller ones. However, Boeing officials expressed confidence.

“We’re seeing levels of demonstrated performance that give us confidence in our ability to increase production rates and deliver on our promises to customers,” Ray Conner, Boeing Commercial Airplanes president, said in a statement. “We’re also working closely with our suppliers to make sure they’re able to increase capacity and make the necessary investments to go up in rate with us.”

Boeing also projected a large and growing market for commercial aviation services recently, predicting a $2.4 trillion market as the industry continues to grow over the next 20 years.
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