The Future of 3D Printing by Scott Fawcett, MD of Essentra Components
Now more than ever, manufacturers are having to respond to increased connectivity and digitisation in the industry. Driven by the changing demands of customers, manufacturers must be dynamic and flexible, responding quickly to find solutions that meet customers’ requirements. This industry evolution, more commonly known as Industry 4.0, will shape the future of 3D printing. Put simply, Industry 4.0 describes the current transformation of manufacturing practices towards a more automated and data driven model and 3D printing is a vital building block in that evolutionary process. As the rate of technological advancement increases year on year, and with trends such as personalisation and customisation also on the rise, 3D printing will allow manufacturers to stay ahead of the competition and get products to market faster and cheaper than ever before.
According to a report in i-Scoop, the smart building industry is predicted to be worth over $22bn by 2026, meaning it will impact all of our lives and effecting all industries. Technology already has a strong presence in the manufacturing industry through the use of data centres, Wi-Fi and smart devices which monitor the manufacturing processes. Every day, we are seeing more and more companies responding to this development and creating smart factories worldwide.
Most recently, German sportswear manufacturer Adidas announced it will be opening a new manufacturing facility bursting with innovative and technologically sophisticated machines, including 3D printers. The factory will rely on 3D printing technology to reduce manufacturing times and production periods, aiming to produce roughly 500,000 pairs of shoes annually, which works out at nearly 1,370 pairs of shoes on a daily basis.
New technology has always fueled the country’s industrial sector. That hasn’t changed. In fact, advances in technology are playing an even bigger role as retail giants such as Amazon and Walmart continually tweak the way they get their products to their customers or retail outlets as quickly as possible.
Chicago Industrial Properties recently spoke with two commercial real estate experts – Noah Shlaes, managing director of the strategic consulting group with Chicago’s Newmark Knight Frank, and Todd Steffen, managing director of supply chain and logistics with the Chicago office of Colliers International – about the ways in which changing technology is making the distribution process a more efficient one.
Chicago Industrial Properties: All this new technology is a wonderful tool. But can having access to so much of it become overwhelming for industrial users?
Technology-enabled processes are providing manufacturers a bird’s eye view of the entire supply line. This comes with its benefits and challenges
Location is no longer an indicator of taste—whether in the food you eat, the clothes you wear or the furniture you buy. It is not outlandish to demand guacamole in Mysore, distressed jeans in Bikaner or an IKEA sofa in the heartland of Matheran.
This is at least partly because the processes that used to frame the production of a good—whether a pail of paint or a bottle of antiseptic lotion—are no longer limited by their proximity to material, the ready availability of freight-fit highways or the closeness of distribution centers. Increasingly beholden to customer’s changing tastes, they are instead moving continuously outward to include more functions that render the modern supply chain more global, complex and diverse and yet also more agile, efficient and productive.
Actively driving this trend forward is technology. Dominated by big data, cloud and IOT, technology-enabled processes are providing manufacturers a bird’s eye view of the entire supply line that is at once far more comprehensive in its reach as well as far more detailed in its scope simply due to enhanced visibility.
History shows us that emerging technologies have influenced previous industrial revolutions, unlocking new possibilities that advance the human race and unleashing unprecedented economic potential.
Whether harnessing the power of water and steam to mechanize production, using electricity to create mass production or designing electronics and IT to automate production, the only constant in the ever-evolving manufacturing landscape is the role of emerging technology as an opportunity for reinvention.
We’re on the cusp of a new industrial revolution, one that promises to be greater and more disruptive than any that has come before. The blending of the digital and physical worlds through 3D printing, artificial intelligence, robotics, and other digital manufacturing technologies will profoundly change the way we live, work, and interact with one another.
As 3D printing continues to make inroads from product design right through to the manufacturing floor, Dr Phil Reeves offers an insight into where the technology is making the biggest impact in the next industrial revolution.
3D printing – or additive manufacturing – has evolved to a manufacturing process that continues to allow a plethora of companies in an increasing array of sectors to enjoy new manufacturing efficiencies; including on-demand production benefits and significant time-to-market reductions.
As recent analyst reports suggest, additive manufacturing is now established as a highly-regarded technology, with McKinsey & Company stating that the industry could be worth around US$100-$200bn.