The results of the seventh edition of Prime Advantage's Group CFO Survey of mid-sized manufacturers show continued optimism in the economy and positive growth expectations in several industries.
Speed of production may be an issue in these early days of deployment, but the possibilities for what can be produced with a 3D printer appear to be limited only by the imagination. With chess pieces, cars, small houses and medical equipment being printed, additive technology has certainly earned its considerable attention.
The consensus among analysts is that cheaper oil should be broadly neutral for Latin American countries in general, with clear winners and losers. Their expectation is that net oil exporters will suffer from lower oil prices and net oil importers will benefit. Although we can agree with that general short-term diagnosis, it is predicted that a sustained period of lower oil prices will have a net negative impact on Latin America and on the prospects of U.S. manufacturing companies doing business in the region.
A decade or so ago, companies in industrial manufacturing and other process industries did not need to focus on resource productivity. If they gave any attention to the topic, it was to undertake small, incremental measures with the hope of generating marginal improvements. That period is over. Today, there is no debate: resource productivity must be among the top priorities - if not the top priority - of industrial manufacturers around the world.
A third (35 percent) of businesses in the manufacturing industry are extremely concerned about potential supply chain disruption, according to research released by BSI, the business standards company and the Business Continuity Institute (BCI).
The evidence of strengthening in African manufacturing is increasingly persuasive. Between 2000 and 2010, the share of the African population living on less than $1.25 per day fell from 58 percent to 48 percent. In no small part, the falling rate of extreme poverty is driven by much-improved output performance.
Cheaper, better robots will replace human workers in the world's factories at a faster pace over the next decade, pushing labor costs down 16 percent, according to the Boston Consulting Group.
A mentor often repeated this: "If you do what you've always done, you'll get what you've always gotten." Product designers who are working with 3D printing design, development and manufacturing should take heed. Design the way you've always designed, and you won't get anything out of 3D printing that's different from what you've always gotten before 3D printing.
Before we ask where 3D printing is taking us, let's look at what has been already achieved or is near achievement across markets beyond printing prototypes, toys and models.
Historically, low-variation/high-volume production has been tweaked to gain optimal efficiencies and quality. Unfortunately for many manufacturers in the United States, manufacturing is now done in high-variation/low-volume environments.