In a joint initiative, the Mexican Federation of the Aerospace Industry (FEMIA) and 3D CAD, a leading software developer, are shining a spotlight on the critical necessity of digitizing processes within the aeronautical sector. The call for this digital evolution is not just a mere recommendation; it is a strategic imperative for companies looking to streamline operations and harness the potential of nearshoring to drive unprecedented growth.
During the insightful webinar, “Document Management for the Aerospace Industry,” organized by FEMIA, industry leaders underscored the invaluable lessons learned from the challenges posed by the COVID-19 pandemic. The consensus is clear: companies, irrespective of size, must embrace technological advancements to not only meet current standards but also to propel themselves forward in the dynamic landscape of the aeronautical sector.
Angel Diaz, Senior Industrial Processes Consultant for North America at 3D CAD, emphasized that the size of a company is no longer the sole determining factor of its success. Instead, it’s the adoption and effective utilization of cutting-edge software and technologies that will define a company’s ability to meet the ever-evolving demands of the sector.
FEMIA highlighted the current rebound in investment and production volumes within the aerospace industry. As the supply chain gears up for increased demand, there arises a unique opportunity for local and foreign companies to play a pivotal role in providing components, subassemblies, and services.
The specialist stressed the importance of optimizing collaborations, ensuring regulatory compliance, and establishing traceability of essential documents. These measures, he noted, are instrumental in expediting procedures and formalities, enabling companies to navigate the resurgence of the aerospace sector effectively.
According to data from the Ministry of Economy (SE), Foreign Direct Investment (FDI) in the aerospace sector reached $38.6 million during the second quarter of 2023. Year-to-date figures for Foreign Direct Investment in Aerospace Equipment Manufacturing totaled $156 million, with a significant portion attributed to reinvestment of profits.
This clarion call for digital transformation resonates as a guiding principle for aeronautical entities aiming not just to survive but to thrive in the post-pandemic era. As we witness the resurgence of the aerospace industry, companies must seize the opportunity to embrace digital innovation, fortifying their position in a rapidly evolving and globally competitive landscape.
