UPS’s partner Fast Radius will open a 3D printing factory in a UPS facility in Singapore by the end of this year, expanding the UPS on-demand 3D printing network to Asia and enabling customers to increase their supply chain efficiency with additive manufacturing.
UPS also will establish an Advanced Solutions team in Asia to create a Centre of Excellence that develops supply chain solutions and promotes wider applicability of 3D printing with customers. Businesses can use the Fast Radius On Demand Production Platform to produce industrial parts, which are expedited for delivery via UPS’s global and intra-Asia transportation network.
Companies that virtualise their inventories can not only save costs by reducing the number of parts made ‘just-in-case’ but also can produce smaller quantities cost effectively and with the same quality, in addition to minimising lead-times because parts are produced closer to where they are needed.
UPS announced the expansion during a press event that also was attended by representatives from the Singapore Economic Development Board, Fast Radius and SAP. In May, UPS and SAP announced a co-innovation agreement to collaborate on a solution that would integrate SAP’s extended supply chain and internet of things solutions with the UPS additive manufacturing and logistics network, to “connect the manufacturing floor to the customer door.”
“3D printing will have a significant impact on industrial manufacturing and 21st Century supply chains,” said Ross McCullough, President of UPS Asia Pacific region. “At UPS, we are embracing disruptive technologies and integrating them into our global logistics network. We believe that much like ecommerce digitised and transformed retail, 3D printing will have a similar impact on manufacturing.”
“UPS is the first integrated logistics provider to establish an on-demand 3D printing manufacturing and logistics network in Asia,” McCullough added. “This network will help Asia strengthen its position as a manufacturing hub.”
Businesses of all sizes can use 3D printing to:
- Reduce inventory for slow-moving parts
- Lower transportation costs as goods travel digitally
- Produce less costly and shorter production runs compared to traditional manufacturing
- Prototype and manufacture initial production runs with lower capital and less time
- Customise goods in a more cost-effective manner
- Create and receive high quality rapid prototypes quickly
“UPS’s 3D printing Centre of Excellence reinforces Singapore as an innovation-driven economy,” said Michelle Ho, Managing Director of UPS in Singapore. “Having Fast Radius’ factory connected to UPS’s network means customers can send their 3D printing orders by 5 p.m. and have them delivered to their customers in most major Asian cities within 24 hours. The automotive, high tech, aeronautic and aviation, healthcare and retail industries have a lot of opportunity to take advantage of this type of manufacturing.”