For centuries companies have relied on warehouses and bricks and mortar buildings to manufacture and store goods ready for dispatch. With a large enough capacity of storage this has meant that companies could part manufacture goods in bulk in preparation for a final assembly or could manufacture and store complete products ready to distribute on receivership of an order.
However, with the expansion of 3D printing this is about to change. Lending itself to smaller low-volume orders and bespoke / customised products, 3D printing is utilised centrally and subsequently products can be manufactured locally and in smaller volumes based on single orders. By adopting this process, it means that both lead times and supply chain size could drastically reduce in the future to what we know and are used to working with at the moment, which will mean that businesses will require less space for production as they will no longer require so much storage capacity.
Known as the Fourth Industrial Revolution, technology is continuing to challenge the way in which products are manufactured. This coupled with 3D printing, IOT and AI technology, new opportunities are accordingly arising all the time, growing monumentally and offering innovative skill sets.
Training is essential and training in the right digital skill sets is paramount to the future of our manufacturing industry with 3D printing being an integral part of this. Offering new opportunities and a wider adoption for invention will enable us to create and sell new products globally.
Does your business operate in 3D printing or are you looking to innovate new products using IT technology? Crendon Insurance specialises in technology insurance and offers a range of individual policies based on individual business requirements. Coupled with 3D printing insurance, Intellectual Property Insurance, IOT insurance and Cyber security insurance we are able to offer complete protection to your business.
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