IJSSER

Title: MAKING A DIFFERENCE: THE INNOVATION POTENTIAL OF ADDITIVE MANUFACTURING
Authors: Shivohum Loyalka
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Shivohum Loyalka Modern School Vasant Vihar, New Delhi
MLA 8 Loyalka, Shivohum. "MAKING A DIFFERENCE: THE INNOVATION POTENTIAL OF ADDITIVE MANUFACTURING." Int. j. of Social Science and Economic Research, vol. 6, no. 6, June 2021, pp. 1903-1909, doi.org/10.46609/IJSSER.2021.v06i06.019. Accessed June 2021. APA 6 Loyalka, S. (2021, June). MAKING A DIFFERENCE: THE INNOVATION POTENTIAL OF ADDITIVE MANUFACTURING. Int. j. of Social Science and Economic Research, 6(6), 1903-1909. Retrieved from doi.org/10.46609/IJSSER.2021.v06i06.019 Chicago Loyalka, Shivohum. "MAKING A DIFFERENCE: THE INNOVATION POTENTIAL OF ADDITIVE MANUFACTURING." Int. j. of Social Science and Economic Research 6, no. 6 (June 2021), 1903-1909. Accessed June, 2021. doi.org/10.46609/IJSSER.2021.v06i06.019.
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Abstract: Additive manufacturing has allowed for businesses across the world to take advantage of reduced time taken to manufacture products, keep up with decreased lead times, and the challenges posed by online commerce. Automation has taken place in every aspect of the retail product development industry, and the rise of 3D printing has led to exponential industry and economic growth. However, research has shown that it is only the large manufacturers and corporations which have been able to take full advantage of additive manufacturing technologies, while small and medium sized enterprises are being left behind and face several challenges investing in such technologies and implementing them depending on their position in the supply chain. This paper will examine the economics behind 3D printing and additive manufacturing technologies, and emphasise the need for support to SMEs to achieve competitive advantages in using the technologies. Drawing from successful examples globally, the paper will pose policy recommendations for improved support to SMEs and guiding them through all the various stages required in implementing these technologies. The paper will also pose recommendations on reskilling and the requirement to train the existing workforce to meet the challenges of automation.

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