TSP Engineering recently attended the 2017 Defence Procurement & Supply Chain Event at the Motorpoint Arena in Cardiff on 28th March 2017.
The event, organised by BIP Solutions, boasted:-
- 120 Exhibitors (including Airbus; BAE Systems; Boeing & Dell to name just a few)
- 35 Presentations
- 30 Guest Speakers
- 5 Networking and Support Zones
- 4 Knowledge Transfer Zones
- 2 Buyer Engagement Villages
The aim of the event was to provide organisations of all sizes with the opportunity to engage directly with companies actively engaged in the defence acquisition supply chain, as well as the possibility to explore ways in which to increase their interaction with this unique sector.
Keynote speakers addressed a number of interesting topics, including the impact of the recent Brexit vote. A number of industry experts have pointed to the devaluation of Sterling as the driver for future Defence spending, with the Pound currently trading at $1.24 versus an original MOD assumption of $1.54 to the Pound. If Sterling recovers from its current position to the $1.54 level assumed by the MOD, defence procurement spend should remain unaffected however, if Sterling suffers a sustained period of devaluation, the UK could see a potentially significant reduction in the Defence spend moving forward.
Overall it was recognised that whilst Brexit could lead to a reduction in Defence spend in the long run, potentially UK suppliers could be competing for a larger share of the Defence spend in the future. Reading between the lines it was a case of “Keep Calm and Carry on Manufacturing!”
Presentations by the DIT DSO (Department for International Trade Defence & Security Organisation) and the DIO (Defence Infrastructure Organisation) focused on their willingness to engage with SMEs for their future procurement needs and their desire to establish 360 Degree supplier evaluation programmes to improve the overall supply chain process (with the aim of rewarding high performing suppliers).