What about the economy?
As Covid-19 restrictions are slowly, but surely, being lifted every day, people are trying to take on their pre-corona lives. One thing we might forget though, is that before Covid-19 took the stage and halted the world, economic forecasts weren’t all that positive. Back then, a recession was predicted for June/July. Of course, Covid-19 came along and had a major impact on the economy as we knew it. It even had an impact on our own product range. Today, businesses are trying go back to normal circumstances. One might say the economy is recovering, but this statement might be a bit premature. A better way to describe the economy post Covid-19 would be ‘an economic restart’. Projections for what growth could look like is an overshooting followed by a settling down to a more sustainable rate of growth. In other words: a mini recession is coming.
Additive manufacturing as a solution
How to prepare for this ‘mini-recession’? That’s where Additive Manufacturing (AM) comes in! With AM, there is a possibility to avoid mass storage, which can cause major issues with cashflow. With a mini recession predicted in 2022, it might be wise to think about Additive Manufacturing as a way to avoid this problem.
Additive manufacturing is a great technique for on-time production, as the technique minimizes time, labor and materials in the manufacturing process. This results in a streamlined production system that maintains a minimal amount of on-site raw materials and minimal wait times in the production process.
Furthermore, AM gives businesses the opportunity to excel in on-time delivery. The process of Additive Manufacturing is usually way shorter than traditional manufacturing techniques, which gives businesses a great logistic benefit especially in delivery time.
In conclusion, with a mini-recession ahead of us in 2022, Additive Manufacturing might be the solution.