Forbes: The Enemy Of Innovative 3D Printing In Automotive – The Project’s BuyerApril 20, 2021April 28, 2021 | The Essentium TeamShare There is the belief amongst investors that traditional automotive companies cannot keep up with new entrants into the automotive area during a period of explosive innovation: autonomous, electric vehicles, connected platforms, etc. Agility is not the strength of monolithic corporations steeped in historical ways of working and, therein, are seen as “slow to the game” versus neophytes who beta test new features on public roads.For the most part, that preconceived notion is flawed since those traditional manufacturers have the working capital to fuel innovation, whereas the startups are fighting to survive long enough to eventually see production revenues.However, one fundamental function at these well-established companies might hurt their competitiveness in the coming years: the project-specific Buyer from the corporation’s Purchasing Department. Much like a Clydesdale, this blinder-laden workhorse is rewarded for its focused attention on the task in front of them – specifically a lower Bill of Materials (BOM) cost for the vehicle or system — and that myopic viewpoint is seen as an advantage over engineers who might get distracted by new technology.Read More: ForbesShare
There is the belief amongst investors that traditional automotive companies cannot keep up with new entrants into the automotive area during a period of explosive innovation: autonomous, electric vehicles, connected platforms, etc. Agility is not the strength of monolithic corporations steeped in historical ways of working and, therein, are seen as “slow to the game” versus neophytes who beta test new features on public roads.For the most part, that preconceived notion is flawed since those traditional manufacturers have the working capital to fuel innovation, whereas the startups are fighting to survive long enough to eventually see production revenues.However, one fundamental function at these well-established companies might hurt their competitiveness in the coming years: the project-specific Buyer from the corporation’s Purchasing Department. Much like a Clydesdale, this blinder-laden workhorse is rewarded for its focused attention on the task in front of them – specifically a lower Bill of Materials (BOM) cost for the vehicle or system — and that myopic viewpoint is seen as an advantage over engineers who might get distracted by new technology.Read More: Forbes
The Essentium Team January 20, 2023TCT Magazine: Essentium to launch ‘ePOD’ on-demand additive manufacturing service offering in 2023Essentium intends to launch a parts manufacturing services offering based on its High Speed Extrusion (HSE) 3D printing technology called ePOD – Essentium Parts On Demand. Read More
The Essentium Team January 20, 20233D Natives: The Personalities Who Shaped The Additive Manufacturing Market In 20222022 was an important year for the world of additive manufacturing. Read More
The Essentium Team January 18, 2023TCT Magazine: Essentium appoints Edna Garcia as CFO & Will Chiang as COOEssentium has announced the appointment of Edna Garcia as Chief Financial Officer (CFO) and Will Chiang as Chief Operations Officer (COO). Read More