Additive manufacturing is disrupting the way companies manage their supply chains and approach their business models. In the early phases of additive manufacturing, the technologies were primarily used as a way to quickly produce prototypes.
Shift forward 30 years, and now, we’re experiencing first-hand the ways additive manufacturing is changing how companies’ approach, think about, and manage their businesses. By harnessing key advantages including design freedom, new materials, on-demand and local manufacturing, companies are beginning to realize the full potential of additive manufacturing.
With increasing pressures for companies to deliver specialized or custom products faster and more efficiently, new business model opportunities are emerging to support these pressures. In addition, companies are seeing a shift or disruption in their traditional supply chains. These are all good things that only serve to strengthen industries, spur innovation, and encourage companies to think outside-the-box.
In thinking about the ways additive manufacturing is reframing and exposing new business models and driving supply chain disruption, consider these predictions by Gartner:
Gartner sums up the core benefit of additive manufacturing, “3D printing enables organizations to shift from designing for ideal manufacturing to manufacturing for ideal design.”
Traditionally, manufacturing and product distribution has been cost-prohibitive and resource intensive. For startups and companies looking to reposition themselves in the market, the idea of introducing new a product or spinning off a new business segment, carried too much economic risk.
With additive manufacturing this all changes. Now, we’re seeing small startups grow into booming and successful companies, with the support of 3D printing and distributed delivery models. Companies who were traditionally entrenched in one market segment are making calculated decisions to expand into a complementary space, with reduced risk to their core business. Mid-size companies looking for ways to reduce manufacturing costs can partner with additive manufacturing companies to reclaim lost resources and to exert more control over how products are designed, manufactured, and distributed.
New and existing businesses can use additive manufacturing developments to create new opportunities to grow and keep pace with changing market trends:
The ability to shift and respond successfully to market trends without the consequences that come with traditional manufacturing and distribution processes, is sparking opportunities for your company and for us at Jabil have to thrive and succeed.
While no two industries are the same, additive manufacturing gives companies the ability to seize opportunities and new ideas to strengthen existing business models and to support business model transformation.
This approach to additive manufacturing is ideally suited to industries and markets in which customers want more than a standardized product and where it is simple to collect customer information.
With additive manufacturing, companies can offer more design choices and quickly manufacture and deliver these options in the customer locations where they are most needed. For example, it is now easier for companies to support seasonal markets such as cold climates where specialized car parts are required or where there are high-demands for plane de-icing equipment.
Regardless of your industry and your niche within the industry, additive manufacturing positions you to expand your business models, explore new spin-off opportunities, and to test new markets with minimal risk.
Contact us to discuss how Jabil can help you expand outside of your traditional business model and keep you in-step with (and ahead of) market trends. Learn how additive manufacturing can support you in being the industry trendsetter when you tap into innovative business model opportunities.