Additive manufacturing can revolutionise all facets of businesses. Here are just a few ways that you can apply it across your business model:
With COVID19 having such an impact on the market, it can be unnerving to think about the future of additive manufacturing and whether it can be an effective tool for your business. You could be forgiven for thinking that entering into the additive manufacturing industry right now is a risky move. With target audiences struggling due to a severe drop in demand, the automotive and aeronautic industries were grinding to a halt, and companies having to scale back to survive the pandemic: businesses have been hit hard. The truth is, however, it won’t risky for long.
While, of course, there will be a drop-off in revenue due to the global pandemic, Wilderich estimates that we’ll be seeing yearly growth of 20% before too long. That’s why now is the perfect time to start creating partnerships and broadening your business horizons into an industry that’s going to accelerate rapidly over the coming years.
You’ve decided to give additive manufacturing a go, but how do you put together a short-term strategy that will give you a long-term value? Wilderich shared this fantastic and concise roadmap to success for anyone looking to break into the additive manufacturing field.
Start with your pilot. Screen your customer valueship. Validate that the customer values the product, work out the costs, and consider product obsolescence. Return to the products you currently offer that could be made with additive manufacturing, and see where you can use it to bring an edge to the design. You can use a tech screening tool to ensure you have the suitable additive manufacturing tools and technology for this or use our consulting service.
Run a cost-benefit analysis.
Evaluate your workforce. Is the infrastructure in place for your workforce to work with this new venture, or are you going to need to upscale? What are your internal capabilities looking like?
Run the pilot. When it’s successful, do it again. Start scaling it up at a maintainable rate of growth.
Maintain contact with your customer base. Track and maintain the relevance of your products with them, and see what roadblocks or pain points they’re still coming across. Use these to continue innovation.
The future of additive manufacturing is looking very promising. With hybridized factories bringing us into a new era of industrialization, additive manufacturing enables production to become more efficient and cost-effective without pushing more traditional production methods out of the market. Additive manufacturing will flip the switch on industrial production standards.