The threat of the U.S. tariffs on aircraft and aerospace products and the inevitable retaliation by nations targeted by the Trump administration have highlighted how exposed the industry is to extremely complex and rapidly changing import and export requirements. The supply chain is already burdened by the need to be able to prove compliance with multiple restrictions on goods moving to and from sanctioned states, with transparency hard to maintain given complexities around hardware sourced from multiple suppliers around the world and the need to move items across borders multiple times in the lifetime of a product.
Supply chain and logistics management specialist Cofactr is among the companies now seeking to deliver technological solutions to these headaches. The U.S. start-up recently acquired artificial intelligence platform Factor.io to augment its approach to ensuring that every product and part circulating in the global labyrinth of the aerospace supply chain can be accurately tracked and logged.
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