“AM technology increases the flexibility of manufacturing and production processes, reducing both our dependence on global supply chains and logistics expenses.”
The COVID-19 virus has affected the world in an unprecedented way. The pandemic has shown us just how deeply a crisis can disrupt societies and economies that are now so interconnected on a global level. This has been especially true in the case of supply chains and production. But the situation is also creating some valuable learnings, an important one being that by embracing alternative technologies to innovate, and with industry collaboration, we can make our supply chains more reliable, cost-effective and efficient – not just now but for the longer-term.
In previous decades, medical technology as well as countless other industries, have shifted the production of components or entire products to locations with lower labour costs, far away from their target market. Unfortunately, there are cases, including the current pandemic, where the vulnerability of these fully optimised supply chains have been laid bare – leading to supply bottlenecks, weakened domestic markets and lessened autonomy.