Future Trends: 3D printing and crowdsourced manufacturing
Manufacturing sector has always been the main driver for economic growth and creation of wealth. Be it large industries or SMEs, they have a direct association in creating more jobs and allied services. One of the biggest concerns with manufacturing has always been that it is very resource-intensive. The factories need to be built near to raw material access. They are capital heavy to start. Logistics and distribution plays a crucial role in terms reach and cost. The advent of 3D printing technology will change the manufacturing/production model as we know now. Manufacturing might get crowd sourced. In the future, hundreds and thousands of small players (most working from home) will start making different components in small quantities and the same will be collected by the companies and assembled as the final product. Imagine, a manufacturer of Air Conditioners. Except for the crucial components, say compressor, the other parts, like the body, blower, circuit board, etc ca