UK aerospace suppliers need to be bold and invest for future success, says the head of aircraft parts manufacturer, ASG Group.
The UK aerospace industry is enjoying a resurgence after weathering the storm of the COVID-19 pandemic. Against this backdrop, Simon Weston, Managing Director of ASG Group, is calling for a bullish approach and strategic investment to position UK aerospace and defence suppliers for future success.
The ASG Group is a collection of aerospace companies Headquartered in Stockport, UK, specialising in the design, development, and production of aircraft parts, components, and systems.
The aerospace sector has historically been a cornerstone of the UK's industrial strength, but the pandemic-induced slowdown tested the resilience of the industry, exposing vulnerabilities in global supply chains and intensifying competition for skilled talent.
Mr Weston said: "The forecasted aerospace boom presents a golden opportunity for our industry to reclaim its position as a global leader. To seize this moment, we must be unyielding in our commitment to innovation, resilient in the face of supply chain disruptions, and strategic in acquiring and retaining top-tier talent. Such is the demand of continuing to serve exciting packages of work with world class customers. This is why we have added to the ASG family at the end of 2023 by bringing Produmax into the ASG Group to further grow our machining capabilities."
The pandemic-induced disruptions unearthed vulnerabilities in global supply chains, prompting a re-evaluation of traditional sourcing strategies. Weston suggests that diversification and strengthening of local supply chains are pivotal to mitigating risks associated with geopolitical uncertainties and sudden disruptions. The ASG Group has been at the forefront of such initiatives, forging strategic partnerships and investing in innovative technologies to enhance the resilience of its supply network through continued plant investment and acquisition.
However, the challenges extend beyond the supply chain. Access to skilled talent has become an increasingly pressing concern, as the industry experiences a surge in demand for specialised skills. With a keen eye on talent acquisition and retention, Weston underscores the importance of fostering a culture of continuous learning and development between organisations.
"We are not just competing with our industry peers for talent; we are competing with sectors that are equally hungry for the skills our industry demands," Weston notes. "Investing in training programs, fostering partnerships with educational institutions, and championing diversity in our workforce are essential steps to ensuring a robust pipeline of talent for the future."
As ASG Group charts its course in this new era of aerospace resurgence, Weston remains optimistic about the potential for growth. "The challenges are real, but so are the opportunities. It's about being bold, agile, and innovative in our approach. By doing so, we not only safeguard the future of our businesses but also contribute to the broader success of the UK aerospace and defence sector."