UPS On-Demand 3D Printing Network Expanded To Asia
September 19 2016 - 8:30AM
- Singapore to serve as newest location for Fast Radius 3D
printing factory
- Dedicated UPS team to help customers integrate 3D printing
manufacturing and distribution solutions into their global supply
chains
- Manufacturers get “floor-to-door” solution with UPS’s global
additive manufacturing and logistics network and co-innovation
agreement with SAP
UPS (NYSE: UPS) today said its partner Fast Radius will open a
3D printing factory in a UPS facility in Singapore by the end of
this year, expanding the UPS on-demand 3D printing network to Asia
and enabling customers to increase their supply chain efficiency
with additive manufacturing.
UPS also will establish an Advanced Solutions team in Asia to
create a Centre of Excellence that develops supply chain solutions
and promotes wider applicability of 3D printing with customers.
Businesses can use the Fast Radius On Demand Production Platform™
to produce industrial parts, which are expedited for delivery via
UPS’s global and intra-Asia transportation network.
Companies that virtualize their inventories can not only save
costs by reducing the number of parts made “just-in-case” but also
can produce smaller quantities cost effectively and with the same
quality, in addition to minimizing lead-times because parts are
produced closer to where they are needed.
UPS announced the expansion during a press event that also was
attended by representatives from the Singapore Economic Development
Board, Fast Radius and SAP. In May, UPS and SAP announced a
co-innovation agreement to collaborate on a solution that would
integrate SAP’s extended supply chain and internet of things
solutions with the UPS additive manufacturing and logistics
network, to “connect the manufacturing floor to the customer
door.”
“3D printing will have a significant impact on industrial
manufacturing and 21st Century supply chains,” said Ross
McCullough, president of UPS Asia Pacific region. “At UPS, we are
embracing disruptive technologies and integrating them into our
global logistics network. We believe that much like ecommerce
digitized and transformed retail, 3D printing will have a similar
impact on manufacturing.”
“UPS is the first integrated logistics provider to establish an
on-demand 3D printing manufacturing and logistics network in Asia,”
McCullough added. “This network will help Asia strengthen its
position as a manufacturing hub.”
Businesses of all sizes can use 3D printing to:
- Reduce inventory for slow-moving parts
- Lower transportation costs as goods travel digitally
- Produce less costly and shorter production runs compared to
traditional manufacturing
- Prototype and manufacture initial production runs with lower
capital and less time
- Customize goods in a more cost-effective manner
- Create and receive high quality rapid prototypes quickly
“UPS’s 3D printing Centre of Excellence reinforces Singapore as
an innovation-driven economy,” said Michelle Ho, managing director
of UPS in Singapore. “Having Fast Radius’ factory connected to
UPS’s network means customers can send their 3D printing orders by
5 p.m. and have them delivered to their customers in most major
Asian cities within 24 hours.[1] The automotive, high tech,
aeronautic and aviation, healthcare and retail industries have a
lot of opportunity to take advantage of this type of
manufacturing.”
“The decision to locate the first international on-demand 3D
printing factory here is testimony to Singapore’s readiness to
partner with logistics companies in creating innovative supply
chain solutions. We recognize that additive manufacturing could
potentially transform supply chains. We believe that deepening our
capabilities in this area could further strengthen the logistics
industry through business model innovation and the creation of new
solutions,” said Lee Eng Keat, director of logistics, Singapore
Economic Development Board.
Once the facility opens customers can place their 3D printing
orders either via the Fast Radius website or by visiting the
factory located at UPS House in Singapore. Fast Radius will
direct the order to the optimal manufacturing location either in
Singapore or the U.S. based on speed, geography and product quality
requirements. UPS can ship as early as the same day. In the U.S.,
the 3D printing network also includes more than 60 The UPS Store®
locations, providing multiple printing locations and geographic
coverage.
Rick Smith, CEO of Fast Radius, said, “Our expansion into Asia
in partnership with UPS is a significant step in fulfilling our
vision of a globally distributed manufacturing and distribution
platform serving this rapidly growing industry. Wohlers Report 2016
predicts the 3D printing industry will grow from $5.2 billion in
2015 to $26.5 billion in 2021. The report says that if 3D printing
penetrates just five percent of the world manufacturing economy, it
would reach $640 billion annually.”
For more information about 3D printing at UPS, please visit
www.ups.com/3D printing or click here for more information on The
UPS Store 3D printing capabilities. Other resources include
the UPS Newsroom or the SAP NewsCenter. UPS is a minority investor
in Fast Radius through the UPS Strategic Enterprise Fund, a venture
capital group focusing on developing critical partnerships and
acquiring knowledge returns in technology companies and emerging
market spaces.
About UPS
UPS (NYSE: UPS) is a global leader in logistics, offering a
broad range of solutions including transporting packages and
freight; facilitating international trade, and deploying advanced
technology to more efficiently manage the world of business.
Headquartered in Atlanta, UPS serves more than 220 countries and
territories worldwide. The company can be found on the web at
ups.com® and its corporate blog can be found at longitudes.ups.com.
To get UPS news direct, visit pressroom.ups.com/RSS or follow us on
Twitter @UPS_News.
About Fast Radius
Fast Radius is a provider of direct digital manufacturing
(additive manufacturing) services to the consumer products,
packaging, aerospace, automotive, transportation, and medical
industries. Headquartered in Atlanta, Fast Radius currently serves
designers, engineers, and manufacturers throughout the United
States. The company can be found online at www.fastradius.com.
About the Singapore Economic Development
Board
The Singapore Economic Development Board (EDB) is the lead
government agency for planning and executing strategies to enhance
Singapore’s position as a global business centre. EDB dreams,
designs and delivers solutions that create value for investors and
companies in Singapore. Our mission is to create for Singapore,
sustainable economic growth with vibrant business and good job
opportunities. EDB’s ‘Home’ strategy articulates how we are
positioning Singapore for the future. It is about extending
Singapore's value proposition to businesses not just to help them
improve their bottom line, but also to help them grow their top
line through establishing and deepening strategic activities in
Singapore to drive their business, innovation and talent objectives
in Asia and globally. For more information on EDB, please visit
https://www.edb.gov.sg/content/edb/en.html.
[1] For orders that require two hours of additive manufacturing
or less.
Peggy Gardner, UPS
404-828-6051
pgardner@ups.com
Rebecca Harbin, MSL Group
404-877-5528
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