Airplane maker The Boeing Co. is facing heat these days for its determined stance in dealing with suppliers. Despite record orders, Boeing is getting some criticism for an initiative calling for some suppliers to cut costs, according to Bloomberg.
Boeing’s Partnering for Success initiative aims to streamline the manufacturer’s supplier chain. And based on financial returns — with its shares doubling since the start of 2017 — Boeing can argue its plan is working.
However, Bloomberg cites suppliers who claim Boeing is seeking 10 percent price cuts for their products.
Boeing is coming off a bustling 2017. Boeing secured orders worth more than $90 billion in November alone.
