The Global Chain of Supply and Demand

The global economy has been both beneficial and challenging to highly specialized industries like aviation. They have seen their market share grow exponentially as more countries become dependent on air travel and defense but they have faced challenges in making potential consumers aware of their offerings internationally.

This is also a problem faced by world governments. In recent history, governments created most of their own military assets. Outsourcing wasn’t feasible due to the distance between allies. This has steadily been eroded until governments throughout the world work with other governments and private contractors in other nations to secure the best value and technology for their personal needs.

Global Diversity

Governments have created military installations around the world to better prepare for attack, offer assistance during natural disasters, and provide defense for themselves and their allies. Nations from all over the world can be found within the borders of virtually every country on earth.

This has greatly expanded the reach of governments far beyond what their traditional boundaries would allow. While in many ways this is considered a good thing, it also creates a number of unique problems. Learning to interact in culturally appropriate ways within the borders of their host country has led to numerous learning experiences across the globe. It has also helped the countries involved learn to work together and begin to trust the efficacy and moral character of those with differing sociological backgrounds. This global diversity has created a more open point of view which has strengthened industrial ties and international trade.

Global Supply

However, it has also led to a problem that would have been unheard of only a century ago. Governments are now forced to consider supply logistics at a global level. For example, one issue facing governments is aviation parts location.

Companies like ILS have made it easier for governments to source the parts they need by making them readily available on a global scale. When working with international consumers who order planes from diverse locations made from parts from every corner of the planet, sourcing parts can be a challenge on a case by case basis. It is far more efficient to consult with an industry expert to ensure supplies are located and delivered quickly.

Global Demand

The global demand for the latest aviation technology and the support systems to repair and maintain that technology continues to grow. One of the biggest drivers in this economy is the need for new military planes. Fighter planes like the FC-31 Gyrfalcon and the F-35 Lightning II are in high demand around the world but there are relatively few suppliers of this technology.

The demand is driving countries and private firms to ramp up their innovation and create newer models on a regular basis in order to break into the market. It is important to consider looking at emerging markets when considering new technology as they will often be less expensive than some of the more well-established global firms.

The global chain of supply and demand offers immeasurable benefits in technological innovation, affordability, and access. It also creates new problems in sourcing and shipping. Within each industry, it is necessary to locate companies that specialize in facilitating this process.