The Supply Chain in 3-D

One of many disruptive technologies set to transform the rapidly changing logistics arena is 3-D printing. It’s no longer an indulgence relegated to hobbyists. In fact, 3-D printer shipments could reach nearly seven million by 2020. Those utilizing 3-D printing are already altering supply chain operations and will likely continue contributing to the technology’s transformative effects.

Making strides

How does 3-D printing apply to real-world supply chains? U.S. supply chain managers are spending more than $450 million annually for inventory storage, and many are looking for ways to not only reduce inventory but also meet increasing consumer expectations for quicker turnarounds. For example, manufacturers who need to quickly deliver products such as spare parts to repair jet airplanes can use 3-D printing for faster production and delivery without the need to store every possible replacement part. The result? Less in inventory, less spent on storage costs, and less waste.

3-D printing could also revolutionize areas such as design vetting, eliminating the need to ship prototypes back and forth and instead allowing for the alteration of printing files to modify designs. It can also be useful for production replacement for injection molding and mass production, especially for small- to medium-sized volumes requiring quick turnarounds. As if this level of on-demand manufacturing isn’t impressive enough, Amazon leaders are investing in mobile printing trucks. By taking 3-D printing to a much deeper consumer customization and personalization level, supply chain executives can reduce inventory levels, shipping expenses, as well as factory and warehouse overhead costs.

Shifting the supply chain

Company leaders are beginning to recognize 3-D printing benefits in medical, manufacturing, aerospace, automotive industries, and beyond. According to a Gartner survey, 65% of respondents are already using or plan to invest in 3-D technology this year. Business leaders are looking to the potential for 3-D printing to improve customer service while optimizing operations, improving efficiency, and reducing costs. With more company leaders set to add 3-D printing to their supply chain toolsets in the near future, the true impact of this disruptive technology remains to be seen.