session 6

Title

Financial Viability and Supplier monitoring in times of economic vulnerability

type

oral

Description

The COVID-19 crisis has led to unprecedented market volatility and has impacted almost all industries in the global economy at different levels. With this crisis, the recent growth in the space sector that generated unprecedented levels of entrepreneurship and start-up activity, could be reversed. On the other hand, larger space manufacturing industries have not been immune to the crisis. On account of the COVID-19, the lock-downs and travel restrictions, as well as social distance measures and quarantines policies, have slowed down product deliveries, mission deployments and caused supply-chain delays with a direct effect on production and thus revenues. Furthermore, as the space sector has been disrupted by the COVID-19 crisis with suppliers across the globe facing liquidity and financial challenges, the need of financial viability and supplier assessments/monitoring has exacerbated. However, not every supplier is going to be equally impacted by COVID-19, nor is every impacted supplier going to have a material disruption or loss for an organization or project. The purpose of this session would be to discuss the level of impact of this crisis in order to not only quantify this impact and reflect on potential financial measures, but also to plan for policies and strategies for the future. Another aspect is to exchange on financial viability and supplier assessment/monitoring best practices, as well as to understand the criticality of financial impacts to establish better measures and/or use of resources from public (and private) funding where they can have the maximum impact. A keynote address will be given followed by a panel session and dedicate presentations for which the call for abstracts is herewith launched.

Date

2022-09-21

Time

15:00

Room

E04B

IPC members

• Co-Chair: Dr. Henry Hertzfeld, Space Policy Institute, George Washington University, United States;

• Co-Chair: Ms. Raphaelle Leglise, ESA, Spain;

• Co-Chair: Ms. Géraldine Naja, European Space Agency (ESA), France;

• Rapporteur: Ms. Karina Miranda Sanchez, ESA, The Netherlands;