3D printing
Transcript: People can start to produce their own products, instead of purchasing from a supplier. Thus cutting out the middle man and just producing what they need. Will reduce the supply of simple items like clothes hangers, hooks, and other easy to make objects. People can start to produce their own customized items, and sell them. Creating a separate stream of revenue from their everyday job. Background of 3D printing Filton. "3D Printing: The Printed World." The Economist. The Economist, 10 Feb. 2011. http://www.economist.com/node/18114221 22 June 2013. Wang, Danny. "3D Printing â The next 'revolution in Manufacturing'? | Economics Student Society of Australia (ESSA)." Economics Student Society of Australia ESSA 3D Printing The next Revolution in Manufacturing Comments. ESSA, 24 May 2013. http://economicstudents.com/2013/05/3d-printing-the-next-revolution-in-manufacturing/. 22 June 2013. D'Aveni, Richard. "March 2013." Harvard Business Review. Harvard Business Review, 01 Mar. 2013. http://hbr.org/2013/03/3-d-printing-will-change-the-world/. 22 June 2013. http://individual.troweprice.com/staticFiles/Retail/Shared/PDFs/3D_Printing_Infographic_FINAL.pdf Works Cited 3D Printers and the Economy of the Future Producing your own product GE and Boeing are the first large companies to introduce 3D printing Global Impact Conclusion Rather than each person having their own printer at home, local businesses and hardware stores could adopt the technology They could eliminate the need for huge warehouses of parts and cut the need for shipping different components from place to place as they’re ordered, in favor of instantly creating a perfect replica on-site. No longer outsourcing projects and prototypes to china and other countries because they can easily be printed and made. GE: Leap Engine, pictured below, made by GE from 3D printers. Expected to be lighted and cheaper to produce. 4,000 ordered to be produced in the next few years. Boeing: Has completed a 3D printed cabin over 20,000 parts printed 1986 - 3D printer created, as well as stereolithography 1992 - products begin being made, layer by layer, from the bottom layer upwards 1999 - Engineers and doctors work towards making the first 3D printed organs, starting with a bladder 2002 - Working 3D printed Kidney 2005 - RepRap Project by Dr. Bowyer 2006 - First printer made by Objet to produce with different kinds of materials 2011 - 3D printed working model plane, 3D printed car, and now printing with gold and silver