Despite Media Hoopla, 3D Printing Remains in Its Infancy, Report Says
By: World Finance July 21, 2014
Additive manufacturing - AKA 3D printing - is one of eight major technologies that will drive companies and business models in the future to either adapt or die, according to a Goldman Sachs report entitled The Search for Creative Destruction. However, 3D printing is still very much in its infancy, and fails to match the requirements of big businesses aiming to improve upon existing products and processes.
Should some of the technology’s creases be ironed out, however, the process could well emerge as a viable alternative for organisations seeking to streamline and localise their supply chains.
“Many articles in the popular press lead one to conclude that these large impacts are very near term,” says Terry Harrison of the Supply Chain and Information Systems Department at Pennsylvania State University. “Our view is that there is significant work ahead before additive manufacturing will realise the kind of potential that is forecast.”