Avionics News December 2022 - 23

Business optimism reigns
as avionics shops adapt to
transitional challenges
C
hange is a dynamic variable
in business, and striving for
equilibrium, adjusting to
balance opposing or divergent elements,
is a sustainable antidote. Responding to
a relentless progression of challenges,
from the supply-chain issues, inflation
and the chronic shortage of technicians,
the 2022 AEA Rate and Labor Survey
reveals an optimistic majority of
avionics repair stations predicting
growth and success in the coming year.
Overall, more than 60% of the
survey's U.S. respondents expect their
business to increase in the coming
year. In Canada, 53% expect growth,
with 56% of South Pacific respondents
feeling likewise. Equally important are
the single-digit changes among the 7%
who expect business to decline, with
33% expecting business to remain the
same.
" The results of this year's survey
aren't surprising when you consider the
impact of inflationary pressures and the
extraordinary effort required to manage
and maintain the flow of products from
OEMs that continue to deal with supply
constraints and the increasing cost to produce products, "
said AEA President and CEO Mike Adamson. " Repair
stations continue to report a positive outlook in spite of
the ongoing workforce challenges to recruit and retain
high-quality technicians. "
THE RESPONDENTS' BUSINESS PREDICTIONS REVEALED A
SURPRISE: BUSINESS WILL INCREASE BECAUSE OF DECREASED
COMPETITION IN THE POST-PANDEMIC MARKETPLACE.
Respondents answered a number of questions related
to their business outlook. Those predicting a business
decline cited the economy as the cause, itemizing
inflation, gas prices, supply-chain delays, a volatile stock
market, and some regulatory constraints.
Generational transition is another factor. The cohort
of shop owners born in the waning decade of the
baby boom are retiring. Whether there is a future for
the business depends on finding a new owner from a
succeeding generation and that person's ability to find
the technicians to staff it. In reporting that a handful
of dealers had closed their doors for reasons they were
not fully aware of, several avionics OEMs might have
foreshadowed the future.
Continued on following page
avionics news * december 2022 23

Avionics News December 2022

Table of Contents for the Digital Edition of Avionics News December 2022

Avionics News December 2022 - Intro
Avionics News December 2022 - Cover1
Avionics News December 2022 - Cover2
Avionics News December 2022 - 1
Avionics News December 2022 - 2
Avionics News December 2022 - 3
Avionics News December 2022 - 4
Avionics News December 2022 - 5
Avionics News December 2022 - 6
Avionics News December 2022 - 7
Avionics News December 2022 - 8
Avionics News December 2022 - 9
Avionics News December 2022 - 10
Avionics News December 2022 - 11
Avionics News December 2022 - 12
Avionics News December 2022 - 13
Avionics News December 2022 - 14
Avionics News December 2022 - 15
Avionics News December 2022 - 16
Avionics News December 2022 - 17
Avionics News December 2022 - 18
Avionics News December 2022 - 19
Avionics News December 2022 - 20
Avionics News December 2022 - 21
Avionics News December 2022 - 22
Avionics News December 2022 - 23
Avionics News December 2022 - 24
Avionics News December 2022 - 25
Avionics News December 2022 - 26
Avionics News December 2022 - 27
Avionics News December 2022 - 28
Avionics News December 2022 - 29
Avionics News December 2022 - 30
Avionics News December 2022 - 31
Avionics News December 2022 - 32
Avionics News December 2022 - 33
Avionics News December 2022 - 34
Avionics News December 2022 - 35
Avionics News December 2022 - 36
Avionics News December 2022 - 37
Avionics News December 2022 - 38
Avionics News December 2022 - 39
Avionics News December 2022 - 40
Avionics News December 2022 - 41
Avionics News December 2022 - 42
Avionics News December 2022 - 43
Avionics News December 2022 - 44
Avionics News December 2022 - 45
Avionics News December 2022 - 46
Avionics News December 2022 - 47
Avionics News December 2022 - 48
Avionics News December 2022 - 49
Avionics News December 2022 - 50
Avionics News December 2022 - 51
Avionics News December 2022 - 52
Avionics News December 2022 - 53
Avionics News December 2022 - 54
Avionics News December 2022 - 55
Avionics News December 2022 - 56
Avionics News December 2022 - 57
Avionics News December 2022 - 58
Avionics News December 2022 - 59
Avionics News December 2022 - 60
Avionics News December 2022 - 61
Avionics News December 2022 - 62
Avionics News December 2022 - 63
Avionics News December 2022 - 64
Avionics News December 2022 - Cover3
Avionics News December 2022 - Cover4
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