The novel coronavirus disease or COVID-19 pandemic has clearly illustrated the vulnerability of conventional global supply chains.
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Over the past decade, natural disasters, including the eruption of the Eyjafjallajökull volcano in Iceland in 2010, the Japanese earthquake and tsunami in 2011, the Thailand floods in 2011, the category five hurricane Maria in 2017, and the category four hurricane Harvey in 2017, resulted in major disruptions to company supply chains.
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Although the global supply chain and the majority of companies recovered from these natural calamities, the overemphasis of firms on cost-cutting measures by concentrating on production overseas through manufacturing clusters has caused many of the current problems, such as vast shortcomings in the supply of much-needed medical and non-medical products required to fight the COVID-19 pandemic. As a result, there is unavailability of personal protective equipment (PPE) for medical workers, scarcity of ventilators for patients, inadequacy of sanitiser liquid, and […]
Case Study: How PepsiCo achieved 96% cost savings on tooling with 3D Printing Technology
Above: PepsiCo food, snack, and beverage product line-up/Source: PepsiCo PepsiCo turned to tooling with 3D printing...
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