PRI reports on Industry Polls 2008


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PRI reports on Industry Polls 2008

09 January 2009

The Performance Review Institute (PRI) conducted polls throughout 2008 on aerospace industry representatives with the following results:

Unsurprisingly 70% reported that the economy was impacting their business – with the currently global economic situation, together with raw material costs and the exchange rate, this is a difficult time for the industry. In addition, only 32% planned to outsource work overseas in the next year.

In terms of quality, 91% believe that their company root cause corrective action process could be improved. Again, this is not news to PRI, which also administers the Nadcap program and has a unique insight into the status of aerospace industry quality. As a result, PRI has developed a Root Cause Corrective Action professional development course through eQuaLearn.

Moving onto regulatory issues, a worrying minority of 36% stated that they fully understand the impact of ITAR/EAR on their business. With penalties including fines – Boeing was fined $3m in 2008 – and prison terms, it is important to all organizations, not just US-based ones.

Supporting many other reports, 91% of respondents agreed that the aerospace industry is facing a shortage of qualified experienced personnel. This is not news to anyone, in fact PRI has already been working with industry to combat this through initiatives such as eQuaLearn and eQuaLified, which aim to improve personnel qualification through education.