Returning confidence and hope
As of now , our experts said , “ We all seem to be in the same boat . Things are a bit slow , and everyone seems to be waiting to see how things will finally work out . I would really like to see the economy settle in and create a sense of normalcy and predictability for businesses .”
Another person said , “ There are some glimmers of hope — exciting , innovative ideas , and opportunities in space and the environment . It ’ s very slow coming , and businesses are being quite cautious .”
Our expert making components for the flight deck and cabin said , “ Get the quarterly-focused Wall Street managers out of the OEM and bring in long-term-focused leadership . We need senior leadership folks focused on ‘ decades ,’ not ‘ quarters ,’ of successful operating results .”
The big question is , who can fix industry challenges ? One expert said the “ OEM ’ s boards of directors ( and shareholders by vote ) — and the changes should occur now .”
Summary
Our summary from the trenches cites many statewide and industry concerns . Our third and final expert to weigh in noted that beyond the OEM , they and their peers have concerns about the business climate in Washington , such as “ excessive regulations , taxes , and increasing government interference / intrusion in business in general .” One expert said “ We ’ re concerned about liberalism and socialism in state government .” They added that there is a “ perception by many business owners that Washington State is riding on momentum from past years and turning down at a rapid pace .” So , aside from concerns about the workforce , raw materials , supply chain , OEM concerns , and challenges , state regulations are causing heartburn for many in the industry . On a positive note , there may be changes afoot following the Boeing plea deal and federal attention on quality that will bring new life into the industry and supply chain . Only time will tell .
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AUGUST | SEPTEMBER 2024 ISSUE NO . 40 25