Eurospace Position Paper “Mitigate the costs of inflation to sustain the competitiveness of the European space supply chain”

Eurospace is pleased to share the Industry’s new Position Paper “Mitigate the costs of inflation to sustain the competitiveness of the European space supply chain”, available here.

Rising inflation and the scarcity of some critical components is a huge issue for all industries in Europe, and particularly so for the space industry. It is expected to generate costs increases within the European space industry of around 700M€ per year as soon as 2023. Inflation is a strong concern for the upcoming ESA Council of Ministers.

We believe that Member States must use this critical moment to take actions to mitigate the effects of inflation on multiyear contracts, and to preserve the sustainability and competitiveness of the whole European space supply chain.