July 14, 2017

Aviation Risk Management

Every industry has its own unique risks, especially aviation, but they typically fall into the same categories: People, Market, Event, and Safety. Aviation risk management is no different. People risks include employee burn-out and turnover, or even employee theft. Market risks can include rising fuel prices, increased competition, or even new regulations. Event risks are the most talked-about. A severe storm damages your fleet, or an ash cloud shuts down flights, and suddenly your cash-flow is strained. Safety risks are hazards that increase the chance of someone getting hurt. Those hazards can be on the plane, on the pilot, or […]
July 11, 2017

Tire Industry Showing Steady Growth for 2017

In 2017, the entire tire market indicates modest positive growth. According to the latest Rubber Manufactures Association (RMA) industry forecast, the 2017 U.S. tire market will have a small growth (0.4%) in specific areas such as car and medium truck/bus tires. The replacement market forecast is slightly better. The passenger tire replacement rate may increase 0.3% and the light truck may have 0.9% growth, but the aftermarket of truck/bus tire shipments may have about 1.4% decrease. The total shipments are expected to increase 319.8 million units. So, the tire industry has attained a level of market stability in recent years. […]
July 7, 2017

Product Liability Claims: Lessons learned the hard way

No matter how big, no company is immune to product liability risks.  In February 2014, General Motors was sued because several of its car models were manufactured with faulty ignition switches that may shut off the engine during driving, disabling power steering and brakes, and preventing airbags from inflating. These faulty switches have been linked to at least 31 car accidents and 13 deaths. As a result, GM has recalled over 26 million vehicles for various malfunctions and established a $400 million fund to compensate for deaths and injuries caused by its vehicles. However, the chain reaction does not end […]
June 22, 2017

New aviation advances as science soars

With air travel becoming one of the most common ways to travel, aviation industry leaders are striving to find ways to make planes more efficient. Researchers are studying every part of the plane from the nose to the tail, but the wing is probably the most interesting. Researchers are now using the Stampede supercomputer to design new wings with longer spans, different materials, and even wings that change shape in flight. As these new designs are incorporated into planes, product liability in the aviation industry will become an even more complex issue. We often say “If your name goes on […]