The supply chain problems could last through 2023, says Boeing executive

There is an ongoing supply chain problem in various sectors of the global economy, and some experts believe that it could last for another year or so.

American multinational corporation, Boeing, believes that the supply chain problems could last through 2023. The company’s chief executive officer made this known during a recent interview on Wednesday.

David Calhoun, while speaking at Bloomberg’s Qatar Economic Forum in Doha, said the supply chain problems are sparked by labour shortages at mid-tier and smaller suppliers. He said;

“The shift from demand to now supply issues … is remarkable, the speed with which it happened. It’s been a real issue for both manufacturers and will probably stay that way in my view almost to the end of next year. And the biggest restraint of all for that mid-tier set of suppliers and sub-tier set of suppliers is labour availability, do we have a workforce.”

Calhoun added that the company had a big, complicated supply chain that is very fragile. Hence, leading to problems that result in delays. Boeing is a corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, telecommunications equipment, and missiles worldwide.

Last month, the company said that the production of its 737 aircraft slowed down due to the shortages of a single type of wiring connector. Furthermore, some of the company’s airline customers had been forced to cancel flights due to a lack of staff as companies struggled to recover economic activities post-pandemic. 

The supply chain problems are affecting other airline manufacturers also. Engine manufacturer, CFM International, is currently facing industrial delays of six to eight weeks caused by supply chain problems. 

Boeing’s major competitor, Airbus, revealed last month that it expects increasing short-term risks in its supply chain b. However, it s confident that its global network of suppliers can keep up with its demand.