The supply chain strains hampering the aerospace industry could persist for another two years, the head of Rolls-Royce has warned, in one of the bleakest assessments yet of the challenges facing manufacturers.
Tufan Erginbilgic, chief executive of the UK engineer whose engines power some of the world’s largest aircraft including the Airbus A350, said the industry was in the throes of “one of the worst supply chain environments it has ever experienced”.
Companies were dealing with a range of issues, from shortages of skilled labour to parts. The supply crunch could last for another 18 to 24 months, he said at the Farnborough air show.
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