Posted March 10, 2019 09:01:25 3D printing stocks could lead to more innovation in the future, according to a new Bank of the West study.
3D printers could also provide an alternative to using paper to make electronic products.
Key points:The Bank of Australia has been studying the use of 3D-printed parts for the last two yearsThe bank has been tracking the impact of 3Ds on manufacturing, with a focus on the U.S.
The study says that a growing trend of use of the 3D printer for 3D printed parts could lead some manufacturers to look at alternativesThe study also suggests that some companies are already looking to the printing industry to expand their supply chainThe study is the first to explore the potential of 3DS and other 3D manufacturing technologies for the global supply chain.
The research was conducted by Bank of The West’s Advanced Manufacturing Innovation Research Group, a partnership between the Bank and research institutions such as MIT and Carnegie Mellon.
“This is an important first step in the global trend to move towards 3D technology,” said Bank of Brazil’s chief economist and director of research, Maria Cargas.
“It’s a step towards the future in terms of what we are talking about in the supply chain.”
Ms Cargis said 3D printable parts are a natural fit for the manufacturing industry, because they are not dependent on a physical component such as a metal, and they allow companies to produce parts quickly.
“A printer could create parts, which is a process, which has a certain time, which could be used in a factory to create something,” she said.
“There are no restrictions on the size or the complexity of that part, which we could have a lot of in the manufacturing process.”3D printers have been increasingly being used for a wide range of applications.
They are now being used in medical research, including making implants for heart valves and replacement parts for medical implants, and for the creation of electronic parts.
However, the rapid development of 3-D printers has put them in competition with traditional manufacturing methods, such as casting and milling.
In fact, in the U and Canada, the Bank has been monitoring the effects of the technology on manufacturing for the past two years.
It found that a large number of companies are looking at 3D technologies for supply chain management.
“The global economy has been evolving rapidly, but there’s been a significant shift in the focus of production, in terms the use and the cost of the process and so on,” Ms Carges said.