3D printing, also known as additive manufacturing (AM), has been around now for several decades, expanding into new markets and industries in unique ways as innovators have embraced the technology. It wasn’t until the last few years, however, that its potential has been more broadly realized.
During this awakening, there has been a rise in claims from influencers and skeptics that the technology has and will continue to disrupt traditional value chains.
The impact of additive manufacturing on the product life cycle is near-undeniable, but businesses who utilize 3D printing have seen their traditional supply chain remain relatively unchanged due to a slow moving shift in corporate leaders’ understanding of the technology’s business value.
Before 3D printing can impact operations on a broader scale, there are challenges that must be addressed, such as equipment and material costs. When these cost considerations are evaluated alongside the benefits of 3D printing, more companies will realize how 3D printing can give their business an edge.
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