Industry Outlook Report | Aerospace

AEROSPACE INDUSTRY OUTLOOK 2023

Ethixbase360’s Industry Outlook Report centers on the rapidly increasing regulatory developments within the Aerospace & Defense (A&D) industry.

The aerospace and defense industries are no strangers to regulation and enforcement, but 2022 brought a quickening pace of developments in certain areas. With the trend of anti-bribery and corruption regulation being the overriding theme, companies must be vigilant in maintaining insight into their third-party network’s grasp of these regulations.

The challenges brought down some high-profile companies and serve as a cautionary tale for the industry. A lack of comprehensive mitigation tools and a culture of corruption are prevalent issues that companies of all sizes must address.

The challenges of 2023 all boil down to the need for full visibility throughout sprawling third-party networks.