The industrial Internet of Things (IoT) is on the rise with the potential to reshape the manufacturing industry and change the way factories work today. Singapore`s status as the most innovative economy in Asia, according to the 2016 Global Innovation Index1, its central location, and advanced logistics and transport infrastructure make it the ideal location in Asia for the adoption of 3D printing into the manufacturing industry.
For Singapore to continue to play its role as a regional trade hub, local manufacturers should explore the supply chain solutions offered by 3D printing. The [Virtualisation of Inventory" enabled by 3D printing gives manufacturers greater control over where and when to produce a product. Businesses can reduce costs incurred on warehousing or unsold goods left on the shelves.
Singapore Exploring 3D Printing and the `Virtualization of Inventory` of the IoT
2016 09/27