PUBLICATION

Global Business Reports

AUTHORS

Catherine Howe, Sorina Dumitru

Québec Aerospace 2017

September 28, 2017

Driven by a culture of innovation and the presence of four internationally-renowned OEMs, Québec has long been recognized as one of the world’s top aerospace hubs. Nevertheless, as companies further along the value chain continue to offshore and outsource to lower-cost jurisdictions in pursuit of the most competitive supply chain, Québec must also adapt accordingly to maintain its leading position. Alongside its four OEMs and approximately 15 Tier-1 integrators, Québec’s aerospace industry is characterized by roughly 200 SMEs, many of which are impacted by increasing competition across the globe. Coupled with a growing preference of OEMs to work with fewer, larger suppliers, the lower tiers of the aerospace supply chain are marked by consolidation as smaller companies are bought up or drop out completely. A response to many of these trends has been formulated in the push towards new technologies, particularly under the Industry 4.0 banner, supported by the Québec government and Aéro Montréal both financially and in implementation. With strong strategies in place and an already-flourishing industry on which to build, Québec’s aerospace industry is unlikely to relinquish its prominent global position in the foreseeable future.

 

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MACIG

MS Risk identifies, mitigates and reduces security risk to protect client assets around the world and across several sectors.

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