3D Printing Technology will change the world. But how?
3D Printing Technology is one of the most exciting themes on the table nowadays!
There are those who have already started their journey on the 3D Printing World and purchased an affordable 3D printer just for the simple pleasure of having one at home with all its endless creative possibilities! On the other hand, there are those who never heard of it. And still there are those who are now only starting to hear the three magic words: “3D Printing Technology”!
3D Printing Technology sounds futuristic!
Can you imagine 3D printed meals? Astronauts can now 3D print their food whilst on their missions in space! If that doesn’t sound futuristic, what does? But the technology is quite straightforward in fact: it is a small evolutionary step from spraying ink on paper to putting down layers of something more substantial (such as plastic and other materials) until the layers add up to an object. And yet, by enabling a machine to produce objects of any shape, on the spot and as needed, 3D Printing Technology really is ushering in a new era!
So how will 3D Printing Technology revolutionise the world?
As applications of the technology expand and prices drop, the first big implication is that more goods will be manufactured at or close to their point of purchase or consumption. This might even mean household-level production of some things. Even if the per-unit production cost is higher, it will be more than offset by the elimination of shipping and of buffer inventories. Whereas cars today are made by just a few hundred factories around the world, they might one day be made in every metropolitan area! Parts could be made at dealerships and repair shops, making components as needed.
What are 3D Printing Technology implications?
The most immediate implication is that goods will be infinitely more customised, because altering them won’t require retooling, only tweaking the instructions in the software. As a result, this will cause businesses all along the supply, manufacturing and retailing chains to rethink their strategies and operations. And as 3D printing takes hold, the factors that have made China the “workshop” of the world will lose much of their force, resting in China giving up being the mass-manufacturing powerhouse of the world. The strategy that has given it such political heft won’t serve it in the future no longer.