3D Printing, Innovation, and Supply Chain Resiliency More Important Than Ever, Say Manufacturing Decision Makers
October 15 2020 - 12:00PM
Today at its global Innovation Summit, HP and members of its
worldwide partner and customer community along with industry
experts showcased the power of digital manufacturing to transform
industries. Underpinning the event was a new HP study delivering
insights on digital manufacturing technologies and trends such as
industrial 3D printing. As a leader driving this digital
transformation, HP’s Summit featured discussions with executives
from Additive Integrity, Decathlon, Forecast3D, IDC, Nissan, SOLIZE
Products, the World Economic Forum, and more.
Surveying thousands of manufacturing executives across the
globe, HP’s Digital Manufacturing Trend Report finds that companies
are increasingly investing in advanced 3D printing solutions that
provide the agility, speed, and flexibility necessary to grow their
business and become more resilient in an ever-changing
environment.
One of the key insights from the global manufacturing industry
is that regardless of sector or location, companies are looking to
3D printing to strengthen their supply chains, become more agile,
and create more innovative product development and manufacturing
strategies. This is underscored by a rising investment in 3D
printing, support for 3D printing as a viable alternative to
traditional manufacturing, and a greater desire for closer
ecosystem collaboration to drive adoption.
Manufacturing decision makers also see opportunities for
accelerated innovation, recognizing that 3D printing is uniquely
suited for the mass personalization of new products, and by also
reducing waste and promoting a more sustainable economy.
“The global manufacturing sector is clearly signaling a desire
for greater supply chain resiliency, more manufacturing
flexibility, increased speed of innovation, and stronger
environmental sustainability,” said Ramon Pastor, General Manager,
HP 3D Printing & Digital Manufacturing. “And they are seeing
industrial 3D printing as a way to not only lower costs and go to
market faster, but as a unique competitive advantage that
accelerates innovation for customers.”
HP’s Digital Manufacturing
Trends Report Highlights
Include:
Digital Manufacturing Technologies
are Spurring Economic
Advancement and Agility
- 99% of global respondents believe that
digital manufacturing technologies can lead to economic
growth.
- 89% of respondents are looking to
evolve their business models because of the current world business
environment.
- Over the next 12 months, 71% plan on
investing in digital manufacturing technologies, and over
four-in-five respondents (85%) indicated that their company plans
to increase their additive manufacturing/3D printing
investment.
- Three-quarters of respondents said that
additive manufacturing/3D printing helps their company be more
agile, is a viable alternative to traditional manufacturing, and is
a backup to traditional manufacturing.
- Over nine-in-ten respondents said they
are investigating new production/supply chain models, with 59%
evaluating hybrid models and 52% looking into localized
production.
Accelerated Innovation
Transforms Industries
- The most cited benefit by respondents
using additive manufacturing/3D printing is the increased ability
to innovate.
- The top new areas of innovation that
companies are investigating include mass customization for
direct-to-consumer products, production on demand, and digital
warehousing/virtual inventory.
- In particular, 91% of respondents want
to explore the innovation that mass customization provides and
believe it could be applicable to their business if parts could be
personalized through 3D printing/additive manufacturing.
- Medical, industrial, and automotive
were called out as the industries most ripe for innovation in
additive manufacturing/3D printing over the next five years.
Opening Up New Opportunities for
Collaboration
- 85% of respondents indicated that
collaboration across sectors to embrace new digital manufacturing
technologies is important.
- 81% indicated their company has future
plans to collaborate with government entities on digital
manufacturing products.
- The top barrier to entry in the
additive manufacturing/3D printing entry for respondents is finding
a qualified workforce.
- To address this skills gap, 64% want to
offer more professional training services, and 53% want companies,
governments, institutions, and citizens to work together to make
investments in educational and job-skilling programs.
Sustainable Production Will Continue to
Be a Business Imperative
- The top ways that additive
manufacturing/3D printing can reduce waste and promote a circular
economy are reducing the amount of materials used and better
matching supply and demand, followed by shortening and simplifying
traditional supply chains, and improving service options that can
prolong the life of products.
- 90% of respondents said that the
recyclability of additive manufacturing/3D printed powders and
parts is important.
- 88% of respondents believes that it is
important that governments create a sustainable ecosystem by
incentivizing investment in and development of socially and
environmentally beneficial digital manufacturing technologies.
About the HP Digital Manufacturing Report
The HP Digital Manufacturing Report is a global study by HP Inc.
It was conducted by SME Media/Research across three continents and
nine geographic areas including Canada, China, France, Germany,
Japan, Mexico, Singapore, the UK, and the U.S. Fieldwork was
conducted from July 28 – August 11, 2020 across 2,175 3D printing
and digital manufacturing decision makers.
About HPHP Inc. creates technology that makes
life better for everyone, everywhere. Through our product and
service portfolio of personal systems, printers and 3D printing
solutions, we engineer experiences that amaze. More information
about HP Inc. is available at http://www.hp.com/go/3Dprinting.
Noel Hartzell, HP inc.+1 415 786 4323noel.hartzell@hp.com
www.hp.com/go/newsroom
©Copyright 2020 HP Development Company, L.P. The information
contained herein is subject to change without notice. The only
warranties for HP products and services are set forth in the
express warranty statements accompanying such products and
services. Nothing herein should be construed as constituting an
additional warranty. HP shall not be liable for technical or
editorial errors or omissions contained herein.
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