3D printing is relevant to solve supply chain problems

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OWhile there is hope that global supply chain issues will ease this year, it’s hard to pinpoint exactly when that will happen, and for now, those issues are still there.

It may not be a magic bullet or a panacea, but 3D printing could help loosen supply chains, and if explored further, it could fuel the conversation around the ARK 3D Printing ETF (CBOE:PRNT).

3D printing has a well-documented history of intersecting with other sectors and industries, both old-guard and innovation-rich, and this usefulness could make the technology useful when it comes to the current blockchain crisis. supply.

“Fortunately, the tools are already in place to allow companies to avoid many external setbacks in product development caused by supply chain issues. Next-generation cloud-based software tools and additive manufacturing – 3D printing – enable companies to design, prototype and refine complex structures on a single platform, then bring manufacturing closer to home ”, reports Supply Chain Brain.

PRNT tracks the Total 3D Printing Index. Constituents of this benchmark include companies active in “(i) 3D printing hardware, (ii) computer-aided design and 3D printing simulation software, (iii) 3D printing centers , (iv) scanning and measurement, and (v) 3D printing materials,” according to the index provider.

Some of these concepts could prove relevant in terms of making supply chains more flexible. It’s not a far-fetched concept, as one of the main benefits of adopting 3D printing is that users often realize cost and production savings.

“This speed of creation is a crucial advantage when the traditional processes of creating physical prototypes and iterating on designs can span months, even without the added hurdles of supply chain issues,” according to Supply. Chain Brain. “At many stages of design and production, 3D printing can often reduce the impact of time and geography. These greater efficiencies can have a positive cumulative effect throughout the process.

Adding to the case for PRNT is that, as is the case with other disruptive technologies, the coronavirus pandemic is prompting increased use of 3D printing. This further highlights the ability of some PRNT components to play a role in addressing supply issues.

“Companies at the forefront of innovation have embraced 3D printing as a much faster and safer route from concept to market. The technology has become a foundation for companies in industries as diverse as automotive manufacturing and medical supply due to the ability to build, iterate and produce exclusively on single-platform cloud systems,” adds Supply Chain Brain.

For more news, insights, and strategy, visit the Disruptive Technology Channel.

Learn more at ETFtrends.com.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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