5 ways 3D Printing will impact the global supply chain and how you can benefit
Updated: Jul 26
Five ways 3D printing will have a tremendous impact on the supply chain and drive competative advantage.
Reduce complexity and time to market
Drive product customisation
Improve resource efficiency
Rationalise inventory and logistics
Reduce Complexity and Time To Market
3D printing reduces the process and consolidates the amount of components required for manufacturing. This will greatly impact the global supply chains, saving on production costs, decreasing on complexities, enhancing lead times and improve on time to market for your solutions.
Drive Product Customisation
3D printing technology is a tool-less process giving manufacturers ultimate freedom to tailor offerings and enhancing a greater experience to their customers. This will result in a more agile supply chain to adapt to changing environments where customer and end users will benefit. End result, a more consolidated process where customer are integregrated into the process of their solution.
The portable nature of the technology, enables suppliers to bring their solutions to their customers faster and more efficiently. As a result, we will see a shift from manufacturing in low economic countries to local hubs - producing locally. Therefore benefiting end customers, with reduce lead times and lower costs with reduced delivery prices.
Improve Resource Efficiency
3D printing creates almost zero waste, lowers the excess of overproduction, reduces inventory and reduces carbon footprint. It's greener and a more cost effective way of producing solutions.
Rationalise Inventory and Logistics
As on-demand production evolves and becomes the norm, the need of transporting physical goods from countries to states will reduce. With also lower SKU's, this will have a greater impact on warehousing and transportation, resulting in a more cost effective and supplied solution for the end customer.
Additive manufacturing represents a major opportunity for companies to re-engineer their buy, produce, deliver offering for competative advantage. Market growth is predicted at $41T by 2027 and it's an opportunity executives of companies can't miss out on. Here are a few questions to consider and prepare:
How do I protect my business and take advantage of the opportunity to come my way
What areas in my business operations can be impacted by 3D printing
What is the business case and what is the operational journey going to look like
What needs to change in my operations of my solution delivery to help stay ahead of the game