Question

Many shortcomings and broken links in the supply chain have been exposed in recent months. Supply chain strategies around inventory levels, production locations, and strategies will be key in the improvement of Supply Chains going forward. One technology that has huge potential for the supply chain moving forward is 3D printing. Please research and write about the role and potential of 3D printing in the future of the global supply chain.

Answer 1

3D printing is the process of using a three-dimensional digital model to create a physical object. This will subsequently lower the production cost by reducing the wastage. This also helps to reduce carbon footprint and also provides good customer service. The impact of 3D printing on the global supply chain are:
1. Decentralization of production:
3D printing enables companies to do mass production at a lower cost and also this enables them to reduce the reliance on importing products and increases productivity within the home. This also takes the production of business faster to Marketers as well as customers.

2. Helps on product customization:
As this is a tool-less process the manufacturers have the freedom to create the printings as per customers' specifications this will increase the customer's experience and satisfaction, as a result, we could adapt to the changes easily. This also brings together design, production, and distribution into a single one throughout the entire production process.

3. Reduce the complexity and time-to-market get improved:
The introduction of 3D printing technology helps to integrate various processes and components used for manufacturing. This has a positive impact on the global supply chain like reducing the various complexities, cost of production, and also the time taken for making a product available for sale.

4. Resource efficiency :
3D printing helps to improve resource efficiency because it is more energy-saving, greener, and also involves less cost in production methods. This technology creates fewer wastes like carbon print and has control over the production and inventory level.

5. Reducing burden in logistical activities and inventories:
3d printing technology is more efficient when it comes to making specialized physical matter which is essential for inventory management. Moreover, in the long run, these technologies could be used for making aircraft engines, possessing lesser parts than the conventional ones. In a manner, this would change the face of global supply chain.